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$645,000
4 Beds ⋅ 3 Baths
Welcome to 499 Park Ave, a three-family multifamily in the heart of Portsmouth's sought-after Island Park neighborhood. With water views from all three units, this property offers something rare: a true income-producing investment with a coastal setting tenants love. Major systems have been updated for peace of mind, including a newer septic system, oil tank, boiler, and furnace. The property could use some cosmetic updating here and there, giving you the chance to add value and boost rental income as you make it your own. Whether you're a seasoned investor expanding your portfolio or a first-time buyer looking to live in one unit and rent the others, this is a great opportunity in a prime Aquidneck Island location. Come see the potential at 499 Park Ave.

499 Park Avenue, Portsmouth

Listing courtesy of eXp Realty. Contact:

$1,095,000
4 Beds ⋅ 4 Baths
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.

2801 East Main Road 2803, Portsmouth

Listing courtesy of Hogan Associates Christie's. Contact: 401-556-9563
$899,000
3 Beds ⋅ 3 Baths
Available for the first time in 30 years, this Prudence Island property offers not one home, but a true family compound just steps from Narragansett Bay. 026 Pier Road is the heart of it all. Remodeled in 2004, the main residence is bright and airy with soaring cathedral ceilings, an open floor plan, and a central fireplace with wood stove for cozy island evenings. A versatile loft overlooks the living space ideal for guests or a home office. Wake up to water views and enjoy easy access to the ferry, sandy beaches, and hiking trails. 028 Pier Road, sold together with the main residence, is the classic island cottage completing the compound. Single-level and privately sited, it offers open living and kitchen space, an oversized primary bedroom, and a second bedroom for guests. A finished loft above the garage adds flexibility art studio, bunkhouse, or quiet retreat. Its spot near the lawn makes it the natural hub for bonfires and summer BBQs. Together, these homes offer rare flexibility: host extended family under one roof, or let the cottage generate rental income while the main house stays your private escape. Both are a short walk to the beach, ferry, general store, and Sandy Point Lighthouse, with the shoreline just across the street. A rare piece of Prudence Island history ready for its next thirty years.

026 Pier Road, Portsmouth

Listing courtesy of William Pitt Sotheby's Int'l. Contact:

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