Last Sold Price
5 beds2,349 sqft$223/sqft
2848 E Main Rd, Portsmouth, RI 02871

Description

Rare Multifamily -Commercial opportunity in Portsmouth, R. I. Investment or ideal owner occupied with income. 3 Rental units with the potential for expansion. Large lot with off street parking. 4 full baths. Owner has recently installed new septic system. Property need work but well worth the effort. Located near Shops and Beaches. Commercial use option. Good income potential. Enjoy all that Portsmouth has to offer.Rare Multifamily -Commercial opportunity in Portsmouth, R. I. Investment or ideal owner occupied with income. 3 Rental units with the potential for expansion. Large lot with off street parking. 4 full baths. Owner has recently installed new septic system. Property need work but well worth the effort. Located near Shops and Beaches. Commercial use option. Good income potential. Enjoy all that Portsmouth has to offer.
LISTING CLOSED: 02/04/2025 12:00 AM

  1. Listed by Lindsey Bshara-Leviss • Salt Marsh Realty Group

Property Details for 2848 East Main Road

Status
MLS #
73264034
Days on Market
98
Taxes
$4,391 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 3 Family
Year Built
1880
Town
Portsmouth
Area
RI-Portsmouth
Garage Spaces
0
Open Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Salt Marsh Realty Group

Sold By Salt Marsh Realty Group

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Building Information for 2848 East Main Road

Stories2Residences3Year Built1880Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

$3,034 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,669

Property Taxes

$366

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2848 East Main Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping
  • Current Financing: Conv. Fixed
  • Living Area: 2349.0
  • Color: Natural
  • SqFt with Basement: No
  • Total Units: 3
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, River, 1 to 2 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street
  • Parking Features: Off-Street
Utilities
  • Sewer: Private Sewerage
  • Water: Private
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
Tax Information
  • Tax ID: 375490
  • Assessments: $343,600
  • Book: 162
  • Tax Year: 2023
  • Zoning: Commercial
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 2
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • GOI: $7,200.00
  • NOI: $7,200.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 0
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,200.00

Property History for 2848 East Main Road

DateEvent & SourcePriceAppreciation
Feb 4, 2025

Sold

MLS PIN #73264034

$525,000
Jan 31, 2025

Sold (Public Record)

Public Record #1550605503

$525,000
Oct 18, 2024

Contract Signed

MLS PIN #73264034

DateEvent & SourcePrice
02/04/2025

Sold

MLS PIN #73264034

$525,000
01/31/2025

Sold (Public Record)

Public Record #1550605503

$525,000
10/18/2024

Contract Signed

MLS PIN #73264034

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

Public Records for 2848 East Main Road

Taxable ValueLand$146,700Additions$196,900Total$343,600
Tax Record2025$4,563 ($380 / month)
Home Facts
Baths3Total Finished SqFt2,349 SqFtAbove Grade Finished SqFt2,349 SqFtUnfinished Basement SqFt1,010 SqFtStories2Lot Size19,347 SqFtStyleTriplexYear Built1880Year Renovated1880ZoningCCountyNEWPORTAPNPORT M:031 B:0001

Schools near 2848 East Main Road

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

Portsmouth Middle School
Public5 to 8

Portsmouth High School
Public9 to 12

Melville School
PublicPK 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2848 East Main Road, Portsmouth, RI 02871
$525,000
5
2,349
19,166
$185,000
3
1
1,076
33,068
2.5
3,520
122,404
$350,000
108,029
$1
12
4
5,437
$360,000
3
1,960
20,000

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Salt Marsh Realty Group

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.