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4 Beds
3 Baths
3,688 sqft

$645,000

499 Park Avenue, Portsmouth RI, 02871

Price per sqft$174.89
Built in1918
Property size3,688 sqft
Property typeMulti-family

Overview

Active

Listed Sep 24, 2026

Updated 2 days ago

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.

$4,291/mo

Est. mortgage payment based on a $645,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1423668

Interior Features

Bedrooms
4
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.18 Acres

Other Property Details

Taxes
$6,218
Tax Frequency
Annually
View
Yes
Waterfront
Yes
55+/Senior Community
No

Courtesy of eXp Realty, 401-593-1129

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Compass are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

©2026 State-Wide MLS, Inc. All rights reserved.

Data last updated 2:16 PM UTC, 9/28/2026.

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