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28 Park Ave, Wakefield, RI, 02879

16beds
12baths
10,168sqft
$1,749,900
$172price/sqft
$12,906/moest. monthly cost
$516,240/yrincome needed

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!

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

8/10
Matunuck SchoolGrades K-50.5 mi
9/10
Broad Rock Middle SchoolGrades 6-86.3 mi
8/10

Construction

Condition

  • Year built: 1903

Materials

  • Foundation: Concrete Perimeter,Mixed
  • Construction materials: Dry Wall,Plaster,Aluminum Siding,Shingles

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Laundry features: Common Area

Basement

  • Has basement: Yes
  • Basement: Full,Bulkhead,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 16
  • Bathrooms: 12
  • Full bathrooms: 12

Features

  • Wall (Dry Wall),Wall (Plaster),Plumbing (Mixed),Insulation (Unknown)
  • Flooring: Hardwood
  • Fireplace features: None

Heating & Cooling

  • Heating features: Oil,Baseboard,Zoned
  • Cooling features: None

Interior Area

  • Total structure area: 10,168
  • Total interior livable area: 10,168 sqft

Property

Details

  • Attached to another structure: Yes
  • Foundation area: 2660

Features

  • Stories: 4
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • Waterfront features: Walk to Salt Water

Lot

  • Lot size: 0.77 Acres

Parking

  • Total spaces: 16
  • Parking features: No Garage