Portsmouth Homes under $500,000

Portsmouth Homes under $500,000

Welcome to Portsmouth, Rhode Island—a charming coastal town that beautifully blends rich history with modern living. Nestled in Newport County, Portsmouth offers residents a unique lifestyle characterized by stunning waterfront views, lush parks, and a close-knit community atmosphere. With its picturesque landscapes and vibrant local culture, Portsmouth is an ideal location for families, retirees, and anyone looking to embrace the beauty of New England.

One of the most appealing aspects of Portsmouth is its diverse range of homes available for under $500,000. Whether you’re searching for a cozy bungalow, a spacious family home, or a quaint cottage by the sea, Portsmouth has something to suit every taste and budget. These affordable homes provide an excellent opportunity for first-time buyers, investors, and those looking to downsize without compromising on quality or location.

Portsmouth is also known for its excellent schools, beautiful parks, and recreational activities, making it a wonderful place for families. Enjoy weekend outings at the scenic Glen Farm or take a stroll along the stunning coastline at Sandy Point Beach. The town’s rich maritime history is evident in its charming downtown area, where you can find delightful shops, restaurants, and local art galleries.

With its welcoming community, beautiful surroundings, and affordable housing options, Portsmouth, RI, is not just a place to live—it's a place to thrive. Explore the possibilities and discover your dream home in this enchanting coastal town today!

Newest Portsmouth Homes under $500,000

033 Alden Avenue, Portsmouth
$460,000
2 Beds ⋅ 1 Baths ⋅ 1423733 MLS
Built in 2010 on nearly half an acre surrounded by state and conservancy land, this inviting Prudence Island home offers modern comfort in a peaceful coastal setting. The two-bedroom, one-bath home features an open layout with a kitchen and large center island, comfortable living area with an efficient wood stove, and hardwood floors throughout. A first-floor bedroom and bath provide convenience, while the spacious second-level loft bedroom offers a private retreat. The expansive covered front porch is ideal for enjoying the island breezes and quiet surroundings. Designed for year-round living, the home includes a full, dry basement for storage or workshop space, an AdvanTex septic system, newer electrical, lighting and plumbing, private well and town water, and a backup generator. With continuous ferry service to the mainland, this property offers the privacy and natural beauty of island living. Virtual tour available.

033 Alden Avenue, Portsmouth
16 Garden Street, Portsmouth
$499,000
3 Beds ⋅ 1 Baths ⋅ 1416905 MLS
Welcome to 16 Garden Street! Tucked away on a quiet dead-end street in Portsmouth, this 3-bedroom ranch offers easy single-level living in a peaceful neighborhood that's surrounded by farmland. Inside, you'll find hardwood floors, a bright living room and an eat-in kitchen, while the attached garage and fenced-in yard add everyday convenience. Set on nearly 10,000SF, there's plenty of outdoor space without too much to maintain. All this while just minutes from coffee, shopping, restaurants and easy highway access. Whether you're looking to simplify or trade apartment living for a place of your own, this is a great opportunity to put down roots in Portsmouth.

16 Garden Street, Portsmouth
39 Cathy Circle, Portsmouth
$179,900
2 Beds ⋅ 1 Baths ⋅ 1420548 MLS
Welcome to 39 Cathy Circle in the Sunny Acres-Melville Mobile Home Park, Portsmouth! This completely renovated mobile home offers comfortable, low-maintenance living with stylish modern updates throughout. Featuring 2 bedrooms, a dedicated office/flex space, and 1 full bathroom, this move-in-ready home has been thoughtfully updated from top to bottom. The bright and inviting interior showcases a brand-new kitchen with new cabinetry, quartz countertops, and new flooring throughout. Enjoy the added living space provided by the office, perfect for working from home, hobbies, or guests. Step outside to relax on the newly built decks, ideal for outdoor entertaining or enjoying the peaceful community setting. Conveniently located near Portsmouth's shops, restaurants, beaches, and major roadways, this beautifully updated home offers an excellent opportunity for affordable homeownership on Aquidneck Island. Move right in and enjoy all the benefits of a fully renovated home without the renovation costs

39 Cathy Circle, Portsmouth
12 Atlantic Avenue, Portsmouth
$435,000
1 Beds ⋅ 1 Baths ⋅ 1416443 MLS
If you're looking for a scenic, and water-adjacent neighborhood in Portsmouth, Atlantic Ave near Island Park offers a mix of charm, privacy, and easy access to the Sakonnet River and beach. We have here at 12 Atlantic Ave. an adorable almost 530 square foot one bedroom one bathroom bungalow offering the perfect summer getaway! This charming retreat features a forced hot air system that supplies both heat and air conditioning for year-round enjoyment. The rear yard has a nice sized mahogany deck, storage area and enclosed outside shower to rinse off after visiting the nearby beaches. There is also a detached shed for surf boards and other beach accessories. The newer two-bedroom advantex septic system affords the new buyer an opportunity to create a new- larger living space. No Flood insurance required! The Perfect pied-a-terre for your lifestyle.

12 Atlantic Avenue, Portsmouth
24 North Drive, Portsmouth
$95,000
2 Beds ⋅ 1 Baths ⋅ 1418780 MLS
Are you looking to downsize, or for a year round vacation without paying high property taxes or rent? This 2 bedroom 1 bath mobile home may just be the right place for you if you are willing to make updates to this surprisingly private spot at the end of a cul de sac with a cozy back and front patio. The living area with its wood burning stove and built-ins is quite spacious and the bright enclosed breezeway adds additional living space from Spring through Fall. The large bedroom is located at the rear of the home and one can look out over open space. Sunny Acres is a well run Park Community and is conveniently located a short drive from Bristol, Middletown and Newport. The Park fee includes water, septic, trash and snow removal. Cash buyers only.

24 North Drive, Portsmouth
275 Depot Avenue Unit Reliance, Portsmouth
$495,000
1 Beds ⋅ 1 Baths ⋅ 1417976 MLS ⋅ TAC Clubhouse Residences BLDG.
One-of-a-kind pied-a terre overlooking Narragansett Bay and the signature 18th golf hole of The Aquidneck Club. Fully furnished and equipped for immediate occupancy. Great rental history club members and their guests. Located in the stunning Clubhouse with access to fine and casual dining, indoor and outdoor bar/grill, inground swimming pool, fitness center and spa. Club membership includes access to the championship Link-style golf course (golf membership only) tennis and marina opportunities. Social or golf membership is required for ownership. Sale is subject to the club's long-term ground lease. Please note association fee is quarterly and includes property taxes, insurance, electric, heat (gas), water, sewer, security, general maintenance and repairs and concierge. The Seller has a contractual interest in this property but is not the legal owner.

275 Depot Avenue Unit Reliance, Portsmouth
043 Merrill Lane, Portsmouth
$499,900
3 Beds ⋅ 2 Baths ⋅ 1417316 MLS
First Time Ever Offered on the Open Market! Discover your own private retreat on beautiful Prudence Island, where peaceful coastal living and breathtaking natural surroundings create the perfect escape from the everyday. This custom-built, one-owner home has been lovingly maintained and is ready for its next chapter. Just a short ferry ride brings you to your own slice of paradise, where life slows down and relaxation comes naturally. Enjoy your morning coffee or evening sunsets from the spacious deck overlooking your private yard, surrounded by the tranquility that makes island living so special. Also known as 43 Memorial Dr for some GPS mapping Inside, you'll find three generously sized bedrooms, each offering plenty of space for family and guests. The home also features a full, dry unfinished basement, providing abundant storage or the opportunity to create additional living space to suit your needs. Whether you're searching for a year-round residence, a vacation getaway, or a peaceful seaside retreat, this rare offering combines quality craftsmanship, one-owner pride, and the unmatched charm of Prudence Island. Don't miss your opportunity to own a piece of Rhode Island's hidden coastal paradise.

043 Merrill Lane, Portsmouth
60 Madison Avenue, Portsmouth
$499,999
2 Beds ⋅ 1 Baths ⋅ 1406064 MLS
Turn-key raised ranch located on a desirable corner lot in the sought-after Homestead neiglhborhood of Prudence Island. This well-maintained home offers open living space, large bedrooms, and approximately 1,318 sq ft of finished living area including a bright finished lower level with full windows. The home is in pristine condition and comes fully furnished, making it truly move-in ready. Recent improvements include new Trex decking installed last year, perfect for relaxing or entertaining. Additional features include a water filtration system and two oil tanks, providing comfort and reliability for year-round island living. Ideally located within walking distance to the beach and ferry, offering easy access to everything Prudence Island has to offer. An opportunity to own a beautifully maintained island home in one of Prudence's most desirable neighborhoods.

60 Madison Avenue, Portsmouth
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