About 499 Park Ave
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.
Pricing and availability subject to change.
Features of 499 Park Ave
| MLS® # | 1423668 |
|---|---|
| Price | $645,000 |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 3,688 |
| Square Footage | 7841 |
| Acres | 0.18 |
| Year Built | 1918 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Style | Stacked, Side By Side |
| Status | Pending |
Community Information
| Address | 499 Park Ave |
|---|---|
| City | Portsmouth |
| County | Newport |
| State | RI |
| Zip Code | 02871 |
Amenities
| Features | Corner Lot |
|---|---|
| Parking | No Garage |
| Garages | No Garage |
| View | Saltwater, Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Ceramic Tile, Laminate, Vinyl, Carpet |
|---|---|
| Interior Features | Attic, Interior Steps, Stall Shower, Tub Shower, Cable TV |
| Appliances | Common Water Heater, Dryer, Oven, Range, Washer |
| Heating | Baseboard, Oil |
| Cooling | Window Unit(s) |
| Fireplace | Yes |
| Fireplaces | None |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Exterior Entry, Full, Interior Entry, Unfinished |
Exterior
| Exterior | Drywall, Shingle Siding |
|---|---|
| Lot Description | Corner Lot |
| Construction | Drywall, Shingle Siding |
| Foundation | Block, Combination, Concrete Perimeter, Stone |
Additional Information
| Date Listed | September 21st, 2026 |
|---|---|
| Days on Market | 11 |
| Short Sale | No |
| RE / Bank Owned | No |