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$1,300,000 Just Listed
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Property Description
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
Full Property Details
Full Property Details for 38 Aquidneck Ave
General
- Price: $1,300,000
- Taxes: $12,647 (2025)
- Status: Active
- Type: Apartment
- Source: STWMLS
- MLS ID: 1411598
- Updated: 5/6/2026
- Added to Site: 2 day(s) ago
Interior
- Number of Rooms: 12
- Interior Features: Attic, Interior Steps, Permanent Attic Stairs, Stall Shower
- Fireplace(s): None
- Appliances: Dishwasher, Oven, Oil Water Heater, Range, Refrigerator, Tankless Water Heater
- Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Exterior
- Exterior Features: Balcony, Paved Driveway
- Porch/Patio/Deck: Balcony
Parking
- Total Spaces: 3
- Parking Features: No Garage
Location
- County: Newport
- Subdivision: Portsmouth Park Waterfront
- Near Highway: Yes
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Hot Water, Oil
Utilities
- Sewer: Septic Tank
- Water: Connected, Public
Structural Information
- # Buildings: 1
- Architectural Style: Stacked
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Drywall, Plaster, Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Unfinished, Walk-Out Access
- Stories/Levels: 2
- Building Size: 4552
- Finished Total: 4,552 Sq. Ft.
- Finished Above Grnd: 4,552 Sq. Ft.
- Year Built: 1919
Lot Features
- Lot Size (Acres): 0.1108
- Lot Size (Sq. Ft.): 4,825
- Lot Size: 4825
Water Features
- Water Front Desc.: Beach Front
Financial Considerations
- Tax Amount: $12,647
- Tax Year: 2025
- Tenant Pays: Hot Water
Disclosures and Reports
- Inclusions: Tenant leases expire 5/31/26 then on a month to month basis.
- Property ID: 38AQUIDNECKAVPORT
- Lot Number: 167
Listed by Keller Williams Coastal
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Schools
Schools serving 38 Aquidneck Ave
School District:Portsmouth School District, Portsmouth, RI
| Name | Grades | Distance |
|---|---|---|
Howard Hathaway School 53 Tallman Avenue, Portsmouth, RI 02871 | K-4 | 0.3 mi |
Portsmouth Middle School, Portsmouth, RI 125 Jepson Lane, Portsmouth, RI 02871 | 5-8 | 5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 38 Aquidneck Ave
Date
Details
Price
Change
Source
5/06/2026
Listed
$1,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 38 Aquidneck Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,412
1%
$708,700
—
2024
$9,341
3%
$708,700
—
2023
$9,057
17%
$708,700
43%
2022
$7,718
2%
$496,000
—
2021
$7,594
2%
$496,000
—
2020
$7,475
10%
$496,000
20%
2019
$6,772
3%
$412,900
—
2018
$6,594
4%
$412,900
—
2017
$6,367
8%
$412,900
12%
2016
$5,899
1%
$368,700
—
2015
$5,825
—
$368,700
—
2014
$5,825
-4%
$368,700
-12%
2013
$6,055
—
$416,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 38 Aquidneck Ave
38 Aquidneck Avenue, Portsmouth, RI 02871 (MLS# 1411598) is a Apartment property with 4 bedrooms and 2 full bathrooms. 38 Aquidneck Avenue is currently listed for $1,300,000 and was received on May 06, 2026. Want to learn more about 38 Aquidneck Avenue? Do you have questions about finding other Apartment real estate for sale in Portsmouth? You can browse all Portsmouth real estate or contact a Coldwell Banker agent to request more information.

