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.
| Location | |
|---|---|
| City/Town | Portsmouth |
| County | Newport |
| Community Features | Marina, Public School, Near Swimming |
| Interior | |
|---|---|
| Living Area | 3,688 sq. ft. |
| Rooms | 16 |
| Heating | Oil, Baseboard |
| Cooling | Window Unit(s) |
| Interior Features | Wall (Dry Wall), Attic, Stairs, Plumbing (Copper), Plumbing (PVC), Insulation (Ceiling) |
| Additional Information | |
|---|---|
| Tax Assessment | $637,200 |
| Exterior | |
|---|---|
| Acreage | 0.18 |
| Waterfront Features | Beach, Mooring, Saltwater View, Walk to Salt Water |
Information is deemed reliable but is not guaranteed.
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. Information is deemed reliable but is not guaranteed. ©2025 State-Wide Multiple Listing Service. All rights reserved.
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