Price Reduced 15.46%
Price History
$1,300,000
5/6/2026
$1,099,000
5/29/2026
38 Aquidneck Avenue, Portsmouth, RI, 02871
12 rooms
4 beds
2 Full baths
1919
Stacked
Wake up to golden sunrises and refreshing sea breezes in this rare waterfront opportunity overlooking the Sakonnet River. Currently configured as a two-family investment property, the property offers sweeping, unobstructed water views, a newer 4-bedroom septic system, low maintenance siding. With potential for a dock just steps from your door, this is coastal living at its finest. Inside, a framed walk-up attic provides exciting possibilities for expansion and leads to a third floor /deck/balcony with breathtaking panoramic river views. Whether you envision a multigenerational retreat, an income-producing investment, or a custom waterfront dream home, the flexibility here is unmatched. Set on a highly sought after street lined with elegant waterfront residences, this property blends charm, location and OPPORTUNITY. Enjoy close proximity to great restaurants, weekend polo matches, or take a short drive to Newport for its vibrant downtown and lively harbor front. Bring your vision and transform this unique property into the coastal sanctuary you've always dreamed of. Rents are below market values and leases expire 5/31/26 so tenants will be on month-to-month basis. Seller will consider private financing for qualified buyer.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Common Area
Units:
2
Zoning:
R20
Frontage:
50
Subdivision:
Portsmouth Park Waterfront
Garage:
No Garage
Heating:
Baseboard, Hot Water, Oil
Cooling:
None
Basement:
Full, Unfinished, Walk-Out Access
Parking:
3-car
Acreage:
0.11
Est. Taxes:
$12,647
Assessment
$958,100
Construction
Drywall,Plaster,Vinyl Siding
Amenities:
Golf, Highway Access, Marina, Near Schools, Pool, Restaurant, Shopping
Days on Market:
23
Appliances:
Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater
MLS #:
1411598
Community Info
School Info
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Listing courtesy of Keller Williams Coastal 401-845-9200