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.
| Listing Id: | 1424933 |
|---|---|
| List Price: | $1,095,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Commercial |
| Status: | Active |
| Tax Annual Amount: | $7,164 |
| Lot Size Square Feet: | 13,068.0 |
| City: | Portsmouth |
| County Or Parish: | Newport |
| Postal Code: | 02871 |
| Year Built: | 1887 |
| Number Of Units Total: | 4 |
| Basement: | Yes |
| Community Features: | Golf, HighwayAccess, Marina, NearSchools, Pool, PublicTransportation, RecreationArea, Restaurant, Shopping, TennisCourts |
| Construction Materials: | Frame |
| Cooling: | Window Units |
| Cooling?: | Yes |
| Electric: | Amps100 |
| Electric Expense: | $397 |
| Financial Data Source: | Owner |
| Foundation Details: | Combination |
| Gross Income: | $62,700 |
| Heating: | Baseboard, ForcedAir |
| Heating?: | Yes |
| Insurance Expense: | $6,819 |
| Laundry Features: | CommonArea, LaundryRoom |
| Lease Assignable?: | Yes |
| Lease Considered?: | Yes |
| Lease Renewal Option?: | Yes |
| Listing Agreement: | ExclusiveRightToSell |
| Lot Size Area: | 13068.0 |
| Lot Size Units: | SquareFeet |
| Number Of Buildings: | 2 |
| Number Of Units In Community: | 0 |
| Operating Expense: | $24,781 |
| Original List Price: | $1,095,000 |
| Owner Pays: | CommonAreaMaintenance, GroundsCare, Insurance, RoofMaintenance, TrashCollection, Water |
| Ownership Type: | SoleProprietor |
| Parcel Number: | 28012803EASTMAINRDPORT |
| Parking Total: | 6 |
| Possession: | RentalAgreement |
| Postal City: | Portsmouth |
| Sewer: | SepticTank |
| Sign On Property?: | Yes |
| State Or Province: | RI |
| Street Additional Info: | 2803 |
| Structure Type: | Apartment, MultiFamily |
| Tax Assessed Value: | $728,500 |
| Tax Year: | 2025 |
| Tenant Pays: | CableTv, Electricity, Gas, Heat, HotWater |
| Trash Expense: | $1,138 |
| Utilities: | Natural Gas Available and Natural Gas Connected |
| Vacancy Allowance Rate: | 0.0 |
| Water Source: | Connected |
| Zoning: | C |
| Business Type: | Residential |
| Basement: | Full |
| Lot Size Acres: | 0.3 |
| Architectural Style: | Stacked |
| Internet Automated Valuation Display?: | Yes |
| Internet Consumer Comment?: | Yes |
| Status: | Active |
| Road Surface Type: | Asphalt |
| Stories Total: | 3 |
| Street Number Numeric: | 2,801 |
| Universal Property: | US-44005-N-28012803EASTMAINRDPORT-R-N |
| Listing Key: | 1191887823 |
| Originating System Sub Name: | RIS_RIS |
| Current Price: | $1,095,000.00 |
| Country Subdivision: | 44005 |
| Record Signature: | -135,351,734 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:44005:28012803EASTMAINRDPORT |
Listing Courtesy of: Hogan Associates Christie's
401-556-9563
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Property Last Updated: October 08, 2026 05:25 PM - ET
