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499 Park Avenue Portsmouth, RI $ 645,000
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$ 645,000 Get more info
499 Park Avenue
$ 645,000
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499 Park Avenue

Portsmouth, RI, 02871
$ 645,000
Bedrooms4 Baths2.1 Sq 3,688

Monthly Estimate*

$ 4,073

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Multi-Family Home for sale in Portsmouth, RI

for $645,000 with 4 bedrooms and 2 full baths, 1 half bath. This 3,688 square foot home was built in 1918 on a lot size of 0.18.

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.

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Multi-Family Active

Price

$ 645,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 6,218

Style

Lot Size

0.18

Year Built

1918

Town/City

Portsmouth

County/Region

Newport

MLS | Web ID

1423668
Features
General
Sewer Septic Tank
Heating Baseboard Oil
Cooling Window Unit(s)
Possession Negotiable
Garage Spaces 0
Construction Materials Drywall Shingle Siding
Year Built 1918
Electric 110 Volts 100 Amp Service Circuit Breakers Separate Meters
View Saltwater Water
Property Subtype Multi Family
Tax Year 2026
Waterfront Features Beach Access Mooring Water Access Walk to Water
Community Features Marina Near Schools Pool
County Newport
Operating Expense 0
New Construction false
Property Type Residential Income
Garage Y/N false
Total Rooms 16
Full Baths 2
Status Active
City Portsmouth
Senior Community Y/N false
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 7841
Land Lease Y/N false
Tax Annual Amount 6218
Virtual Tour https://www.zillow.com/view-imx/2de62cec-cf1a-481a-8b4c-3bb2a008e27c?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Structure Type Apartment
Standard Status Active
Tax Assessed Value 637200
Tax Lot 174
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Interior
Interior Amenities Attic Interior Steps Stall Shower Tub Shower Cable TV
Basement Exterior Entry Full Interior Entry Unfinished
Flooring Ceramic Tile Laminate Vinyl Carpet
Total Fireplaces 0
Fireplace Features None
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 1
Laundry Features Common Area
Total Bedrooms 4
Total Baths 3
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Exterior
Parking Features No Garage
Lot Features Corner Lot
Water Source Connected Public
Total Parking 0
Inclusions NEW 4 BEDROOM SEPTIC INSTALLED IN 2015 NEW FURNACE and OIL TANK 2018
Lot Size Area 7841
Foundation Details Block Combination Concrete Perimeter Stone
Number of Buildings 1
Building Area Total 3688
Lot Size Acres 0.18
Covered Spaces 0
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* Excluded Features
List By
Exp Realty

Broker

hello@slocumhometeam.com

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Affordability Calculator

$4,591
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,073
Monthly Property Taxes
$518
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
9/24/2026$645,000 Listed Price

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499 Park Avenue, Portsmouth, RI, 02871 is a Multi-Family Home for sale at $645,000 with 3,688 sqft and a lot size of 0.18. 499 Park Avenue has 4 bedrooms, 2.1 baths, and was built in 1918. The property's zip code is 02871 which is in Portsmouth, RI

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