Under contract

$540,000

1088 Main St, Hope Valley, RI 02832

5beds

3,125sqft

Est.:

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$173/sqft

$-- HOA

What's special

Space for gardeningScenic rural settingExpansive and private backyard

Discover this unique 3-unit multifamily property nestled in the scenic, rural setting of Hope Valley, directly abutting the area’s beautiful Wood River. Expansive and private backyard with space for gardening, relaxing, or a walk to the river. Built in 1900, this property blends historic charm with investment potential. Units are deceivingly spacious and bright. Units 1 & 2 each have 2 bedrooms. Top floor unit #3 is a 1 bedroom space. Perfect for owner-occupants, long-term rentals, or short-term vacation potential. Does need some TLC but with some attentive renovations, this property could significantly increase in value. Easy access to Rt 95 for points both north to Providence/Boston, west on Rt 138 to Ct, and south or east to the Rhode Island shore. Enjoy the serene surroundings and capitalize on this affordable multifamily opportunity in a growing area. Don’t miss out—properties like this don’t come around often! DO NOT ENTER property without listing agent present!!!

226 days

39

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Bathroom

Features: Bath w Tub & Shower

Heating

Oil, Baseboard, Forced Water

Cooling

Window Unit(s)

Appliances

Included: Electric Water Heater, Dryer, Exhaust Fan, Range Hood, Oven/Range, Refrigerator, Washer
Laundry: Common Area

Features

Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown), Ceiling Fan(s)
Flooring: Hardwood, Laminate, Carpet
Basement: Full,Interior and Exterior,Unfinished,Storage Space,Utility
Has fireplace: No

Interior area

Total structure area: 5,184
Total interior livable area: 3,125 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: No Garage

Features

Stories: 3
Patio & porch: Porch
On waterfront: Yes
Waterfront features: Waterfront, Access, River, Walk To Water

Lot

Size: 1.24 Acres
Features: Wooded

Details

Foundation area: 1250
Parcel number: HOPKM027B000L00152
Zoning: R-1

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Dry Wall, Shingles, Wood
Foundation: Concrete Perimeter, Mixed

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: Circuit Breakers
Sewer: Septic Tank
Water: Private, Well

Community & HOA

Community

Features: Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants
Subdivision: Hope Valley

HOA

Has HOA: No

Location

Region: Hope Valley

Financial & listing details

Price per square foot: $173/sqft
Tax assessed value: $427,400
Annual tax amount: $6,535
Date on market: 8/9/2025
Total actual rent: 2700
Tenant pays: Heat

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
1/20/2026	Contingent	$540,000$173/sqft
Source: StateWide MLS RI #1391717 Report a problem
9/26/2025	Price change	$540,000-4.9%$173/sqft
Source: StateWide MLS RI #1391717 Report a problem
8/9/2025	Listed for sale	$568,000$182/sqft
Source: StateWide MLS RI #1391717 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,535 +1.5%	$427,400
2024	$6,437 +2.7%	$427,400
2023	$6,266 +24.1%	$427,400 +56.8%
2022	$5,049	$272,500
2021	$5,049 +1.4%	$272,500
2020	$4,981 -4.7%	$272,500 +7.9%
2019	$5,224 +3%	$252,600
2018	$5,070	$252,600
2017	$5,070 +2.4%	$252,600 +5.3%
2016	$4,949 +1.3%	$239,800
2015	$4,887 -1.3%	$239,800
2014	$4,949 +3.7%	$239,800 -0.6%
2013	$4,771 -1%	$241,300
2012	$4,821 +3.3%	$241,300
2011	$4,667 +3.9%	$241,300 -15.7%
2010	$4,492 +6.1%	$286,300
2009	$4,234 +2%	$286,300
2008	$4,151 +2.2%	$286,300
2007	$4,063 +9.6%	$286,300 +36.7%
2004	$3,708	$209,400