Multi Family at 28 Park Avenue, South Kingstown
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37 photos

$1,749,900

28 Park Avenue
South Kingstown, RI 02879
Listed by Jeffery Valentine
Bedrooms
16
Bathrooms
12
Living area
N/A
Year built
1903

About this home

INVESTORS TAKE NOTE. The opportunity is a 10,168 sqft, 15+/- unit, Victorian home on a double, sub-dividable lot. 28 Park Ave is located in the desirable Matunuck neighborhood and just a short walk from amazing local beaches, surf, and restaurants. The additional building lot creates a rare opportunity for expansion or new construction. With strong rental demand driven by proximity to local beaches, downtown Wakefield, the University of Rhode Island, shopping, dining, and major commuter routes, this asset is well-positioned for long-term growth. This property is in need of some renovation to a number of the units to maximize your return while a number of them are ready for rent. Buyers to do their own diligence of potential uses and subdivision. Put your mark on this iconic Rhode Island town and property before someone else does!

Property details

MLS #
1415485
Property type
Multi Family
Subdivision
N/A
Status
Active
Days on market
12
On market date
June 15, 2026
Stories
4
Total bathrooms
12
Garage spaces
N/A
Parking spaces
16
Lot size
0.77 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Matunuck School
0.48 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
177
Student:teacher ratio
11.8:1
District
South Kingstown
Middle
Narragansett Pier School
5.31 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
312
Student:teacher ratio
13.6:1
District
Narragansett
High
Narragansett High School
5.38 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
489
Student:teacher ratio
13.6:1
District
Narragansett

Walkability

Blended score for South Kingstown's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

35
Car-dependent
out of 100
EPA National Walkability Index
6.8 / 20 -- Below average walkable
Google Places amenity density
35 / 100
Restaurants & cafes4
Grocery stores1
Parks6
Schools1
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in South Kingstown, from live MLS data.

On the market 12 days -- 41 fewer days than South Kingstown's current average of 53 days.
For reference, the median list price across 241 active listings in South Kingstown right now is $820,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$10,688/mo
$349,980 down
$1,399,920 loan
Principal & interest$9,080
Property tax (est.)$1,458
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 27, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.