Two-Unit Duplex with Separate
1 Side Hill Street Hopkinton, RI 02832
For Sale
$354,900
MULTI_FAMILY - Hopkinton, RI
Property Size3,057 SF
Lot Size0.23 Acres
Price / SF$116.09
Days on Market90
Property Features for 1 Side Hill Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Bedrooms
4
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 4, Basement, Bedroom 1, Bathroom 1
Parking
4
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Unfinished, Partial, Storage Space
Appliances
Electric Water Heater, Oven/Range, Refrigerator
Standard status
Active
Size
3,057 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3170
Utilities
Sewer type
Septic Tank
Heating system
Zoned, Oil, Baseboard
Water source
Well
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl, Tile - Ceramic
Building materials
Plaster, Wood
Listing Agency:
Re/Max Real Estate Center
(401) 823-7600
Listed By:
David Tatangelo · License #S29833
(401) 465-0263
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 27 at 12:06PM
MLS# 1411253
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This older duplex provides two separate residences, with each unit offering 2 bedrooms and 1.5 baths. The layout reflects historic character, including tall ceilings and vintage-style detailing, while updates have been made to support everyday living. Each unit includes a bright kitchen and cozy living area, along with its own entrance for resident privacy. There are also inviting front porches, plus outdoor space for gardening, relaxing, or entertaining. A walk-out lower level is present and offers potential for additional finished space that is not currently included.
The property is located in Hopkinton, Rhode Island, within Washington County and zoned R-1. It is described as a quiet rural setting, while still being within a short distance to I-95 and area amenities.
This configuration can fit owner-occupants looking for an income-producing duplex with separate living areas, as well as investors seeking a two-unit property in a residential-income format. Prospective buyers should note the listing remark that the property will not pass FHA.
The property is located in Hopkinton, Rhode Island, within Washington County and zoned R-1. It is described as a quiet rural setting, while still being within a short distance to I-95 and area amenities.
This configuration can fit owner-occupants looking for an income-producing duplex with separate living areas, as well as investors seeking a two-unit property in a residential-income format. Prospective buyers should note the listing remark that the property will not pass FHA.
Key Highlights
- Older duplex built in 1880 with historic plaster and wood construction
- Each unit has 2 bedrooms and 1.5 baths, with separate entrances
- Walk‑out lower level/basement offers potential finished space that is not currently included
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.3k | $20.04 |
| − Vacancy | −$2.8k | −$0.90 |
| EGI | $58.5k | $19.14 |
| − OpEx | −$26.3k | −$8.61 |
| NOI | $32.2k | $10.53 |
3,057 SF · lease $20.04/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.8K
$460.9K – $614.6K
NOI $36,873 @ 7.0% cap · market cap 10.39%
Second Best
Apartment 5plus
$459.7K
$402.2K – $536.3K
NOI $32,178 @ 7.0% cap · market cap 9.07%
Theoretical Best
Healthcare Medical
$610.8K
$534.4K – $712.6K
NOI $42,755 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex offering two 2-bedroom units with separate entrances and outdoor space in a rural Hopkinton setting.
Where is this duplex located?
The property is located at 1 Side Hill Street Hopkinton, RI.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Older duplex built in 1880 with historic plaster and wood construction; Each unit has 2 bedrooms and 1.5 baths, with separate entrances; Walk‑out lower level/basement offers potential finished space that is not currently included
