Step into a piece of history with 28 Park Avenue, an iconic building nestled in the heart of Matunuck, RI. Built in 1903, this legendary property boasts multiple units that offer incredible potential for development and improvement. Currently offering a mix of studio, 1 and 2 bedrooms, the property holds untapped potential to significantly increase rents through strategic upgrades, renovations, and reimagination. Additionally, plans once proposed an additional structure for apartments on the property, highlighting the site’s potential for expansion. Whether you're looking to restore the charm of its historic roots or modernize it to meet today’s market demands, 28 Park Ave offers flexibility to transform it into a high-demand, high-return asset. The location is prime for development—just moments away from Matunuck Beach, renowned dining spots, and a vibrant seaside community. With the right vision and improvements, 28 Park Ave could become one of the most sought-after properties in the area. Don’t miss your chance to own a piece of Matunuck’s storied past with endless possibilities for the future.
For sale
$2,200,000
28 Park Ave, Wakefield, RI 02879
9beds
6,503sqft
Est.:
Multi Family
Built in 1903
-- sqft lot
$-- Zestimate®
$338/sqft
$-- HOA
What's special
- 46 days
- on Zillow |
- 718 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 02:03pm
Listed by:
The Local Group 401-363-3710,
Compass / Lila Delman Compass,
Benjamin Wood 401-612-3727,
Compass / Lila Delman Compass
Source: StateWide MLS RI,MLS#: 1379709

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Bathroom
- Features: Bath w Tub, Bath w Shower Stall
Heating
- Oil, Common
Cooling
- None
Appliances
- Laundry: Off Site
Features
- Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Plumbing (Mixed)
- Flooring: Ceramic Tile, Hardwood, Laminate, Other, Vinyl
- Basement: Full,Walk-Out Access,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 10,168
- Total interior livable area: 6,503 sqft
Property
Parking
- Total spaces: 12
- Parking features: No Garage
Features
- Stories: 4
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Walk to Salt Water
Lot
- Size: 0.77 Acres
Details
- Zoning: R20
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Dry Wall, Paneled, Plaster
- Foundation: Concrete Perimeter, Mixed
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Features: Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Recreational Facilities, Restaurants, Schools, Near Shopping, Near Swimming, Tennis
HOA
- Has HOA: No
Location
- Region: Wakefield
Financial & listing details
- Price per square foot: $338/sqft
- Annual tax amount: $9,992
- Date on market: 3/10/2025
- Total actual rent: 13000
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