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Overview

  • Updated On:
  • September 9, 2025
  • 3 ac
  • Property Lot Size

2951 2967 East Main Road, Portsmouth, Land

$ 2,200,000
2951 2967 East Main Road, Portsmouth, Borden Farm Estates

Description

A rare opportunity in the heart of Portsmouth, Rhode Island. 2951 East Main Road offers multiple paths forward for developers, investors, and visionaries alike. Set on 2.84 acres, the property is anchored by a 6-unit Second Empire Victorian farmhouse, dating back to 1865 and listed on the National Register of Historic Places, with three turnkey condominiums currently available to rent or sell at retail. The property also features multiple outbuildings, most notably a 5,623 sq. ft. barn that has been fully approved to be retrofitted into 4 residential units. The complete development package encompasses site plans, septic approvals, and full engineered and architectural renderings. Current approvals allow for a total of 26 residential units across the property: six condominium units within the historic farmhouse (three already sold), four units in the converted barn, and sixteen additional ground-up new construction residences. Borden Farm traces its roots back to the 1600s when the land was deeded to the Borden family by the King of England. Today, it stands as both a testament to Portsmouth’s past and an extraordinary canvas for the future.

Property Id: 749275
Price: $ 2,200,000
Property Lot Size: 3 ac
Association Fee: 863
Association Fee Frequency: Monthly
Community Features: Bus,Commuter Bus,Highway Access,Marina,Private School,Public School,Recreational Facilities,Restaurants,Schools,Shopping,Near Swimming
Number Of Lots: 2
MLS Listing #: 1393802
Living Area Units: Square Feet
Lot Features: Suburban,Barn,Out Building,Sidewalks
Lot Size SQFT: 123711
MLS Status: Active
Possible Use: Condominium,Residential Development
State: RI
Street Additional Info: 2967
Street Name: East Main
Street Number: 2951
StreetNumberNumeric: 2951
Street Suffix: Road
Structure Type: Total Residential Development,Livable,Residence
Annual Taxes: 7500
Topography: Rolling
Utilities: Electricity Connected,Gas Available,Natural Gas Connected,Municipal Water,Electricity Available,Natural Gas Available,Muncipal Water
Water Source: Available,Common Meter,Connected,Municipal,Public
Zoning: C
Zoning Description: Condominium,Residential

Address: 2951 2967 East Main Road
State/County:
Zip: 02871
Country: US

Other Features
Electrical Utility Available

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$ 13,020.88
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 10,270.88

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