1144 W Main Rd

1,915 Sq. Ft.
$509 / Sq. Ft.
1,915
Sq. Ft.
$509
per Sq. Ft.

Description

5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market...5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market quite like this. The land spans well into the woods, and is ready for a new owner to maximize this properties income potential. Proforma 6-9% cap rate..see supplements
  1. Listed by The WP Group • Brokerage DRE #REB.0018978 • Smith and Oak Real Estate Co.
    P: (401)-281-8491 Admin@TheWPGroup.org

Amenities

  • Attic
  • Basement
  • Carpet Floors
  • Common Laundry
  • Fireplace
  • Golf Course Community
  • Gym
  • Hardwood Floors
LISTING UPDATED: 02/28/2024 09:55 AM

Property Details for 1144 West Main Road

StatusClosed
MLS #1348011
Days on Market39
Taxes$4,410 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1900
Lot Size5.73 AC / 249,599 SF
CountyNewport County

Location

Listing Courtesy of Smith and Oak Real Estate Co.

Sold By eXp Realty

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Building Information for 1144 West Main Road

Stories2Residences2Year Built1900Building Size-Lot Size5.73 AC / 249,599 SF

Payment Calculator

$5,272 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,905

Property Taxes

$368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1144 West Main Road

Summary
Location and General Information
  • City: Portsmouth
  • Community Features: Golf, Highway Access, Marina, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Tennis Courts
  • Postal City: Portsmouth
  • Postal Code: 02871
  • State Or Province: RI
  • Zoning: LI
  • Human Modified Y N: Yes
Parking
  • Covered Spaces: 0
  • Garage Spaces: 0
  • Garage Y N: No
  • Parking Features: No Garage
  • Parking Total: 8
Taxes and HOA Information
  • Tax Annual Amount: $4,410.00
  • Tax Assessed Value: 494400
  • Tax Lot: 1
  • Tax Year: 2023
Property
Lot Information
  • Above Grade Fin SQFT: 1915.0
  • Building Area Total: 1915.0
  • Living Area Source: Public Records
  • Lot Size Acres: 5.73
  • Lot Size Area: 249599.0
  • Lot Size Square Feet: 249599.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 2
  • Parcel Number: 11441152MAINRDPORT
  • Stories Total: 2
Property and Assessments
  • Business Type: Other
  • Buyer Financing: Conventional
  • New Construction Y N: No
  • Number Of Units Total: 2
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community Y N: No
  • Year Built: 1900
  • C L I P: 3,121,805,554
Utilities
  • Electric: Circuit Breakers
  • Sewer: Septic Tank
  • Water Source: Connected, Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Stone
Interior Features
  • Appliances: Oil Water Heater
  • Basement: Exterior Entry, Interior Entry, Partial, Unfinished
  • Basement Y N: Yes
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 6
  • Cooling: None
  • Cooling Y N: No
  • Fireplace Features: Masonry
  • Fireplaces Total: 2
  • Fireplace Y N: Yes
  • Flooring: Carpet, Hardwood
  • Heating: Forced Air, Oil, Steam, Zoned
  • Heating Y N: Yes
  • Interior Features: Attic, Tub Shower
  • Laundry Features: Common Area
  • Rooms Total: 12
Multi Family
Income & Expenses Information
  • Operating Expense: $15,000.00
Unit 1 Information
  • Actual Rent: $2,000.00
  • Description: 1152 (SFH)
  • Type: Item3Bedroom
  • Unit Type Area: 990.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Unit 2 Information
  • Actual Rent: $2,000.00
  • Description: 1144 (SFH)
  • Type: Item3Bedroom
  • Unit Type Area: 925.0
  • Baths Total: 1
  • Beds Total: 3
  • Num of Full Baths: 1
  • Num of Half Baths: 0
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot
  • Land Lease Y N: No

Property History for 1144 West Main Road

DateEvent & SourcePriceAppreciation
Jan 26, 2024

Sold

Rhode Island Association of REALTORS® #1348011

$974,000
Dec 22, 2023

Contract Signed

Rhode Island Association of REALTORS® #1348011

Nov 13, 2023

Listed (Active)

Rhode Island Association of REALTORS® #1348011

$999,900
Oct 31, 2023

Temporarily Off Market

Rhode Island Association of REALTORS® #1339830

Aug 7, 2023

Listed (Active)

Rhode Island Association of REALTORS® #1339830

$1,000,000
DateEvent & SourcePrice
01/26/2024

Sold

Rhode Island Association of REALTORS® #1348011

$974,000
12/22/2023

Contract Signed

Rhode Island Association of REALTORS® #1348011

11/13/2023

Listed (Active)

Rhode Island Association of REALTORS® #1348011

$999,900
10/31/2023

Temporarily Off Market

Rhode Island Association of REALTORS® #1339830

08/07/2023

Listed (Active)

Rhode Island Association of REALTORS® #1339830

$1,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1144 West Main Road

This home is within Portsmouth School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Melville School
PublicPK to 4

Portsmouth Middle School
Public5 to 8

Portsmouth High School
Public9 to 12

Howard Hathaway School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Smith and Oak Real Estate Co.

Based on information from one of the following Multiple Listing Services: Rhode Island Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Rhode Island Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.