2801 East Main Road Portsmouth, RI $ 1,095,000
2801 East Main Road
$ 1,095,000
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2801 East Main Road

Portsmouth, RI, 02871
$ 1,095,000
Bedrooms-- Baths--

Monthly Estimate*

$ 6,914

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Commercial Property for sale in Portsmouth, RI

for $1,095,000. This building was built in 1887 on a lot size of 0.3.

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.

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Commercial Active

Price

$ 1,095,000

Property Type

Commercial

Taxes

$ 7,164

Style

Lot Size

0.3

Year Built

1887

Town/City

Portsmouth

County/Region

Newport

MLS | Web ID

1424933

Features
General
Sewer Septic Tank
Heating Baseboard Forced Air
Cooling Window Unit(s)
Utilities Natural Gas Available Natural Gas Connected
Possession Rental Agreement
Zoning C
Construction Materials Frame
Year Built 1887
Electric 100 Amp Service
Tenant Pays Cable TV Electricity Gas Heat Hot Water
Property Subtype Commercial
Tax Year 2025
Gross Income 62700
Business Type Residential
Community Features Golf Highway Access Marina Near Schools Pool Public Transportation Recreation Area Restaurant Shopping Tennis Court(s)
County Newport
Operating Expense 24781
Insurance Expense 6819
New Construction false
Property Type Commercial Sale
Status Active
City Portsmouth
Number Of Units Total 4
Lot Size Units Square Feet
Lot Size Square Feet 13068
Land Lease Y/N false
Tax Annual Amount 7164.07
Electric Expense 397
Trash Expense 1138
Lease Renewal Y/N true
Lease Considered Y/N true
Virtual Tour https://tour.RiLiving.com/2801-East-Main-Road-Portsmouth-RI-02871--1424933
Structure Type Apartment Multi Family
Standard Status Active
Tax Assessed Value 728500
Tax Lot 23 23A
Ownership Type Sole Proprietor
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Interior
Basement Full
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area Laundry Room
Total Baths 0
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Exterior
Water Source Connected
Total Parking 6
Lot Size Area 13068
Foundation Details Combination
Number of Buildings 2
Building Area Total 0
Lot Size Acres 0.3
Road Surface Type Asphalt
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* Excluded Features
List By
Hogan Associates Christie's

Broker

kevan@hoganri.com

Email

Affordability Calculator

$7,511
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,914
Monthly Property Taxes
$597
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
Pricing History
DatePricePrice ChangeDescription
10/2/2026$1,095,000 Listed Price

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2801 East Main Road, Portsmouth, RI, 02871 is a Commercial Property for sale at $1,095,000 with a lot size of 0.3. 2801 East Main Road was built in 1887. The property's zip code is 02871 which is in Portsmouth, RI