5.73 Acres of land zoned LIGHT INDUSTRIAL on West Main Road in Portsmouth. Incredible traffic daily, and an opportunity to own a large piece of land in Portsmouth with endless opportunities. There are currently 2 single family homes that present an opportunity for increased returns utilizing seasonal rentals. Seller is open to subdividing homes and selling individually, OR take the whole package! With potential for development, light industrial use, or rental income, there are few deals on the market quite like this. The land spans well into the woods, and is ready for a new owner to maximize this properties income potential. Proforma 6-9% cap rate..see supplements
Sold for $974,000
$974,000
1144-1152 W Main Rd, Portsmouth, RI 02871
6beds
1,915sqft
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$509/sqft
$4,066 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,066/mo
Zestimate® history
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Owner options
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$4,066/mo
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$5,571/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: February 28, 2024 at 06:59am
Listed by:
The WP Group 401-281-8491,
Smith and Oak Real Estate Co.
Bought with:
Bolano Team
eXp Realty
Source: StateWide MLS RI,MLS#: 1348011
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Bathroom
- Features: Bath w Tub & Shower
Heating
- Oil, Forced Air, Steam, Zoned
Cooling
- None
Appliances
- Laundry: In Building
Features
- Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Flooring: Hardwood, Carpet
- Basement: Partial,Interior and Exterior,Unfinished
- Number of fireplaces: 2
- Fireplace features: Brick
Interior area
- Total structure area: 1,915
- Total interior livable area: 1,915 sqft
Property
Parking
- Total spaces: 8
- Parking features: No Garage
Features
- Stories: 2
Lot
- Size: 5.73 Acres
Details
- Parcel number: PORTM044B0001
- Zoning: LI
- Special conditions: Conventional/Market Value
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Plaster, Aluminum Siding
- Foundation: Stone
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Septic Tank
- Water: Municipal, Public
- Utilities for property: Water Connected
Community & neighborhood
Community
- Community features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
Location
- Region: Portsmouth
HOA & financial
Other financial information
- Total actual rent: 4000
Price history
| Date | Event | Price |
|---|---|---|
| 1/26/2024 | Sold | $974,000-2.6%$509/sqft |
Source:  StateWide MLS RI #1348011 Report a problem | ||
| 12/22/2023 | Pending sale | $999,900$522/sqft |
Source: StateWide MLS RI #1348011 Report a problem | ||
| 11/13/2023 | Listed for sale | $999,9000%$522/sqft |
Source: StateWide MLS RI #1348011 Report a problem | ||
| 11/1/2023 | Listing removed | -- |
Source: StateWide MLS RI #1339830 Report a problem | ||
| 8/7/2023 | Listed for sale | $1,000,000$522/sqft |
Source: StateWide MLS RI #1339830 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,552 +0.8% | $493,400 |
| 2024 | $6,503 -5.2% | $493,400 +11.9% |
| 2023 | $6,862 | $441,000 |
Find assessor info on the county website
Neighborhood: 02871
Nearby schools
GreatSchools rating
- 10/10Melville SchoolGrades: PK-4Distance: 0.1 mi
- 8/10Portsmouth Middle SchoolGrades: 5-8Distance: 2.4 mi
- 9/10Portsmouth High SchoolGrades: 9-12Distance: 1.9 mi
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- Rhode Island
- Newport County
- Portsmouth
- 02871
- 1144-1152 W Main Rd