Prime Investment Opportunity Two Single-Family Homes with Outbuildings in Portsmouth, RI! Located just minutes from Newport and Middletown's stunning beaches, this unique property offers endless possibilities. Currently utilized as residential rentals with month-to-month leases in place, it's a versatile investment suited for income generation, commercial use, or even a multi-generational living setup. Each home has its own distinct charm and comfortable living spaces, ensuring privacy and convenience. Front House (Built in 1790): 3 bedrooms, 1.5 baths a historic gem needing some TLC to restore its full potential. Rear House (Built in the 1950s): 1 bedrooms, 1.5 baths a solidly built home offering additional space and opportunity. Nestled within a vibrant business zone, this property is perfect for entrepreneurs, investors, or those seeking a flexible real estate venture. Don't miss out on this rare opportunity in a highly desirable location!
Multi-familyProperty Type
1790Year Built
0.65 acresLot Size
$173Est. Price/Sq.Ft.
1 car garageParking
Listed by Stephen Martel• Century 21 Topsail Realty
THIS UNIQUE PROPERTY CONTAINS 2 SEPARATE BUILDINGS THAT CAN BE USED AS OFFICES AND/OR RESIDENCES-2 SEPARATE GARAGES AND 3 OUT BUILDINGS-UPDATED SYSTEMS-AMPLE PARKING-ATTRACTIVELY DESIGNED EXTERIORS
Year
Property tax
Land + Additions
Assessment*
2025
$8,377 (+1.3%)
$288,200 + $342,600
$630,800
2024
$8,269 (+3.1%)
$288,200 + $339,200
$627,400
2023
$8,018 (−11.8%)
$288,200 + $339,200
$627,400
2022
$9,093 (+1.6%)
$275,100 + $309,300
$584,400
2021
$8,947 (+1.6%)
$275,100 + $309,300
$584,400
2020
$8,807 (−8.0%)
$275,100 + $309,300
$584,400
2019
$9,573 (+2.7%)
$275,100 + $308,600
$583,700
2018
$9,322 (+3.6%)
$275,100 + $308,600
$583,700
2017
$9,001 (+1.9%)
$275,100 + $308,600
$583,700
2016
$8,835 (+1.3%)
$273,400 + $278,800
$552,200
2015
$8,725
$273,400 + $278,800
$552,200
2014
$8,725 (+3.5%)
$273,400 + $278,800
$552,200
2013
$8,426 (+2.0%)
$302,000 + $277,900
$579,900
2012
$8,258
$302,000 + $277,900
$579,900
Tax history for 1028 East Main Rd
Year
Property tax
Land + Additions
Assessment*
2025
$8,377 (+1.3%)
$288,200 + $342,600
$630,800
2024
$8,269 (+3.1%)
$288,200 + $339,200
$627,400
2023
$8,018 (−11.8%)
$288,200 + $339,200
$627,400
2022
$9,093 (+1.6%)
$275,100 + $309,300
$584,400
2021
$8,947 (+1.6%)
$275,100 + $309,300
$584,400
2020
$8,807 (−8.0%)
$275,100 + $309,300
$584,400
2019
$9,573 (+2.7%)
$275,100 + $308,600
$583,700
2018
$9,322 (+3.6%)
$275,100 + $308,600
$583,700
2017
$9,001 (+1.9%)
$275,100 + $308,600
$583,700
2016
$8,835 (+1.3%)
$273,400 + $278,800
$552,200
2015
$8,725
$273,400 + $278,800
$552,200
2014
$8,725 (+3.5%)
$273,400 + $278,800
$552,200
2013
$8,426 (+2.0%)
$302,000 + $277,900
$579,900
2012
$8,258
$302,000 + $277,900
$579,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.