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499 Park Avenue

Portsmouth, RI 02871
  • $645,000
  • STATUS: Pending
  • ON SITE: 22 Days
  • MLS #: 1423668
Pending
UPDATED: 24 min ago
$645,000
  • 4
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 3,688
    SQFT
  • $175
    $/SQFT
Type:
Multi-Family
Built:
1918
County:
Area:

School Ratings & Info

Description

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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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-10-14T06:37:55.467.
www.onshorerealtors.com/homes/181415451
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499 Park Avenue Portsmouth, RI 02871

  • Price: $645,000
  • Status: Pending
  • On Site: 22 Days
  • Updated: 24 min ago
  • MLS #: 1423668
4
Beds
2
Baths
1
½ Baths
0.18
Acres
3,688
SQFT
$175
$/SQFT
1918
Built
County:
Newport
Area:
Portsmouth
Property Description
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.
Exterior Features

Architectural Style Stacked Side By Side Construction Materials Drywall Shingle Siding Covered Spaces 0 Foundation Details Block Combination Concrete Perimeter Stone Garage YN No Lot Features Corner Lot Parking Features No Garage Parking Total 0 View Saltwater Water View YN Yes Waterfront Features Beach Access Mooring Water Access Walk to Water

Interior Features

Appliances Common Water Heater Dryer Oven Range Washer Basement Exterior Entry Full Interior Entry Unfinished Basement YN Yes Cooling Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Fireplaces Total 0 Flooring Ceramic Tile Laminate Vinyl Carpet Heating Baseboard Oil Heating YN Yes Interior Features Attic Interior Steps Stall Shower Tub Shower Cable TV

Property Features

Community Features Marina Near Schools Pool Electric 110 Volts100 Amp Service Circuit Breakers Separate Meters Human Modified YN No Inclusions NEW 4 BEDROOM SEPTIC INSTALLED IN 2015 NEW FURNACE and OIL TANK 2018 Land Lease YN No Laundry Features Common Area New Construction YN No Operating Expense 0 Owner Pays Hot Water Property Sub Type Multi Family Senior Community YN No Sewer Septic Tank Structure Type Apartment Tax Annual Amount 6218 Tax Assessed Value 637200 Tax Lot 174 Tax Year 2026 Water Source Connected Public

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of eXp Realty: .



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than Onshore Realtors are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Onshore Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-10-14T06:37:55.467.
 
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Onshore Realtors
57 Shore Rd, Suite B
Westerly RI, 02891