$645,000
About this home
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.
Property details
- MLS #
- 1423668
- Property type
- Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 7
- On market date
- September 21, 2026
- Stories
- 2
- Total bathrooms
- 2.5
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.18 acres
Location
Get directions →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).
- Enrollment
- 202
- Student:teacher ratio
- 14.4:1
- District
- Tiverton
- Enrollment
- 503
- Student:teacher ratio
- 10.7:1
- District
- Tiverton
- Enrollment
- 824
- Student:teacher ratio
- 11.8:1
- District
- Portsmouth
Walkability
Blended score for Portsmouth'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).
Market position
How this listing compares to current activity in Portsmouth, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 3 days ago.
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.