Well-maintained five-unit multifamily property, zoned commercial, consisting of two separate buildings. The main building at 2803 East Main Road has 3323 sq ft of living space containing four one-bedroom apartments, while the second 959 sq ft building at 2801 East Main Road is a separate two-bedroom residence. The separate buildings provide flexibility for investors as well as owner-occupants. Each unit has its own individual heating and hot water system, with tenants responsible for most utilities. Current rents are below market, providing an opportunity to increase rental income through future rent adjustments. Ample parking is also available. The existing five-unit configuration, separate buildings, individual systems, and established rental income provide a solid foundation for an investor looking to add to a multifamily portfolio or an owner-occupant seeking rental income from the additional units.
Multi-familyProperty Type
1887Year Built
0.3 acresLot Size
$175Price/Sq.Ft.
6 spacesParking
Listed by Kevan Campbell• Hogan Associates Christie's
Downtown Portsmouth, located between Bristol Ferry Road and the Sakonnet River, is a coastal and civic Portsmouth neighborhood with a working waterfront feel and a low-slung village streetscape. The neighborhood’s character concentrates around the Portsmouth Town Hall and the West Main Road corridor, where local eateries, marinas, and everyday services cluster in a steady daytime rhythm. The Portsmouth Free Public Library anchors community life with programs and quiet reading rooms. The Portsmouth Arts Guild adds a studio-and-gallery pulse in a historic setting. Architecture leans toward classic New England forms—colonial-era references, shingled houses, and practical commercial buildings—set against salt air and open sky. Side roads lead to boat ramps and shoreline views that shape daily routines.
Provided by Walk Score and Local Logic
Market insights
2801 2803 East Main Rd · $1,095,000
DAYS ON MARKET
1 days
The average home goes pending in 62 days.
SALE-TO-LIST
97.2%
Most homes are selling 3% below list price.
LIST PRICE
$1,095,000
Median sale price in this area is $949,447. (13% lower than this home)
PRICE DROP
0 price drops
15% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Cathedral ceilings
Vaulted ceilings
High ceilings
Interior steps
Tub/shower
Cable TV
Has fireplace (1)
Bedrooms
One-bedroom units (property contains four one-bedroom units)
Bathrooms
Four full bathrooms (total for building); each unit is one full bathroom
Kitchen
Oven
Range
Range hood
Refrigerator
Laundry & utility
Common area laundry
Washer
Dryer
Electric water heater
Gas water heater
Tankless water heater
Water heater
Flooring
Hardwood
Ceramic tile
Laminate
Vinyl
Carpet
Heating & cooling
Has cooling (window units)
Heating: baseboard, electric, forced air, gas
Exterior features
Paved driveway
Paved lot
Home design
Multi-unit property with 4 units across 2 buildings
3 stories total
Zoned C
Parking
No garage
6 parking spaces (total)
Construction
Vinyl siding
Drywall
Combination foundation
Utilities
Electric: 100 amp service
Sewer: septic tank
Water: connected
HOA & community
Community amenities nearby: golf, marina, pool, public transportation, recreation area, restaurants, shopping, tennis courts, highway access, near schools