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5-Unit Multifamily Property
For Sale
$1,095,000

2801 E Main Road, Portsmouth, RI 02871

Commercial/Business,Commercial Sale, Portsmouth, RI

Property SizeContact for details
Lot Size0.30 Acres
Days on Market13

Property Features for 2801 E Main Road

General Information

Property type Commercial Sale
Property subtype Other
Zoning C
Rooms Basement
Parking 6
Interior features Ceiling Height (7 to 9 Ft)
Basement Full
Lot features Downtown
Standard status Active
Lot size 0.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7164

Utilities

Sewer type Septic Tank
Heating system Forced Air, Baseboard
Cooling system Window Unit(s)

Building Details

Year built 1887
Floors in Building 3
Number of units 4
Building materials Frame
Listing Agency: Hogan Associates Christie's
Listed By: Kevan Campbell · License #RES.0034444
Added: Oct 2 Changed: Oct 13 Last Checked: Oct 14 at 2:06PM
MLS# 1424933

Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 0.3-acre property in Portsmouth comprises two frame buildings with five residences. The 3,323-square-foot main building contains four one-bedroom apartments; a separate 959-square-foot building provides a two-bedroom residence. The property was built in 1887 and is zoned C.

Each residence has its own heating and hot water system. Heating is provided by baseboard and forced-air systems, with window-unit cooling. The property is served by a septic system, and parking is available. Tenants cover most utilities.

Key Highlights

  • Five residences across two separate buildings
  • Main building: 3,323 square feet with four one‑bedroom apartments
  • Second building: 959 square feet with a two‑bedroom residence

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Hair Salon Auto Repair Shop Dental Office Parking Lot & Garage Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

256
Businesses Nearby

Demographics for 02871, RI

17,640
Population
8,044
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
96%
High-School Grad
17.1 sq mi
ZIP Area
1,032
Density / Sq Mi
$119,135
Median Household Income
$56,615
Median Earnings
$1,577
Median Rent
$539,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two separate buildings provide a mix of apartment units and a standalone residence.
Where is this multifamily property located?
The property is located at 2801 E Main Road Portsmouth, RI.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Five residences across two separate buildings; Main building: 3,323 square feet with four one‑bedroom apartments; Second building: 959 square feet with a two‑bedroom residence
More about this property
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