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
Offer insights
2801 2803 East Main Rd · $1,095,000
$1.11M and above
75% chance or better to win
Why $1.11M+ is a strong offer
DAYS ON MARKET
47 days
The average home goes pending in 94 days.
SALE-TO-LIST
99.5%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Cathedral ceilings
High ceilings
Vaulted ceilings
Interior steps
Tub with shower
Cable TV
Has fireplace (1)
Bedrooms
Total rooms: 11 (includes laundry, storage, utility rooms)
Property contains 4 one-bedroom units
Bathrooms
4 full bathrooms (total)
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
Ceramic tile
Hardwood
Laminate
Vinyl
Carpet
Heating & cooling
Cooling via window units
Heating: baseboard, electric, forced air, and gas
Exterior features
Paved driveway
Paved lot
Home design
Three stories
Zoned C
Parking
No garage
6 total parking spaces
Construction
Drywall and vinyl siding exterior
Combination foundation
Above-grade finished area reported
Utilities
Electric service: 100 amps
Sewer: septic tank
Water: connected
HOA & community
Community features nearby: golf, highway access, marina, pool, public transportation, recreation area, restaurant, shopping, tennis courts
Financial info
Operating expenses reported for multi-unit: $24,781
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 93° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Portsmouth, RI • 02871
Average low and high temperatures (°F)
36
24
37
24
48
34
57
42
66
51
78
61
81
66
76
61
72
59
62
50
54
40
41
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 25% for direct sun exposure in Portsmouth. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.4 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2801 2803 East Main Rd
$1,048,770
$46K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $590K to $1.5M.