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Off market
  • $875,900

    79 E Main Rd, Portsmouth, RI 02871

    6beds
    3,351sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $875,900 Zestimate®
    $261/sqft
    $2,414 Estimated rent

    Home value

    $875,900

    $771,000 - $990,000

    $2,414/mo

    Zestimate® history
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    Rent Zestimate®

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    $4,250/mo

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    $4,250/mo

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    What's special

    Great investment opportunity that is currently run as a successful air b-n-b for weekly, nightly and long weekend rental. The business is up and running and the package is sold turn-key with all appliances, furniture and furnishings to transfer with the sale. With documented income of $90,000 - $105,000 for the last 2 years, this legal 3-unit with 6 bedrooms and 3 bathrooms was recently updated. Sited on a large lot with plenty of parking, the guest house is separate from neighboring properties, and with a brand new 6-bedroom septic, newer utilities and stress-free siding, the property has very low maintenance costs. Close to Middletown beaches and golf and only 10 minutes to downtown Newport. Terrific opportunity for the savvy investor.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Other, Oil
    Appliances
    • Included: Refrigerator
    • Laundry: In Units
    Features
    • Flooring: Hardwood
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,351 sqft

    Property

    Features
    • Exterior features: Vinyl
    Lot
    • Size: 0.86 Acres
    Details
    • Parcel number: PORTM064B0046

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 1910

    Utilities & green energy

    • Electric: 200 Amps
    • Sewer: Septic System

    Community & neighborhood

    Location
    • Region: Portsmouth

    Other

    Other facts
    • Exterior: Vinyl Siding
    • FinishedFloor: Hardwood, Ceramic
    • BasementFinish: Unfinished
    • BasementAccess: Interior and Exterior
    • BasementType: Full
    • HotWater: Oil
    • HeatingFuel: Oil
    • Laundry: In Units
    • Wall: Dry Wall
    • Electric: 200 Amps
    • Type: Up/Down
    • Sewer: Septic System
    • Plumbing: Mixed
    • PropertyType: 2-4 Units Multi Family
    • SubsidizedHousing: 0
    • UnderConstruction: 0
    • HeatPaidBy: Owner
    • Cooling: Individual Unit
    • HeatingSystem: Forced Water
    • Insulation: Walls, Floors
    • Fireplace: Brick
    • WaterSupply: Municipal
    • TimeShareYN: 0
    • ApxHeatCost: 2101-2400

    Price history

    DateEventPrice
    11/5/2020Listing removed$695,000$207/sqft
    Source: Lila Delman Real Estate #1265283 Report a problem
    9/24/2020Price change$695,000-4.1%$207/sqft
    Source: Lila Delman Real Estate #1265283 Report a problem
    10/7/2019Listed for sale$725,000+107.1%$216/sqft
    Source: Lila Delman Real Estate #1238109 Report a problem
    4/3/2017Sold$350,000-17.6%$104/sqft
    Source: StateWide MLS RI #1140061 Report a problem
    1/28/2017Pending sale$425,000$127/sqft
    Source: RE/MAX PROFESSIONALS (NEWPORT) #1140061 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,937 +0.8%$673,000
    2024$8,870 +39.4%$673,000 +64.6%
    2023$6,361 $408,800

    Find assessor info on the county website

    Neighborhood: 02871

    Nearby schools

    GreatSchools rating
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    Estimated market value$875,900
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    Estimated market value
    $875,900