15 Kardway Street, South Kingstown, RI 02879
COMMERCIAL - Cape Cod - South Kingstown, RI
- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 8 at 12:06 pm
Property Features for 15 Kardway Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Apartment
- Zoning
- CN
- Rooms
- Basement
- Parking
- 9
- Interior features
- Ceiling Height (7 to 9 Ft), Ceiling Height (9 to 12 Ft), Ceiling Height (20 Plus Feet)
- Basement
- Full
- Standard status
- Active
- Size
- 3,910 SF
- Lot size
- 0.43 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4059
Utilities
- Sewer type
- Septic Tank
- Heating system
- Radiant, Steam
Building Details
- Year built
- 1949
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Frame, Steel
- Architectural style
- Cape Cod
Listing agent Jacquelyn Cinquegrana (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date Jul 7, 2026
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.
HighLights
- Cape Cod architectural style, built in 1949
- Ceiling heights range from 7 to 9 ft, 9 to 12 ft, and 20+ ft
- Construction includes frame and steel materials
- Heating includes radiant and steam
- Septic tank sewer system
- Includes a basement
Overview
Located at 15 Kardway Street in South Kingstown, Rhode Island, the property falls under zoning CN. The listing reflects a commercial zoning designation alongside a multifamily use, which may support flexibility for appropriate residential income operations within the zoning framework.
From an acquisition standpoint, this asset fits buyers seeking a triplex structure rather than a larger apartment building. Its compact scale can appeal to owner-operators and investors who want to manage fewer units while still securing diversification across three separate living spaces. With clear property sizing and lot area provided, it can also serve as a practical starting point for underwriting and due diligence related to a small multifamily portfolio strategy.
Local Financial Insights For Multifamily LT 5
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 | $70.4k | $18.00 |
| − Vacancy | −$3.0k | −$0.77 |
| EGI | $67.4k | $17.23 |
| − OpEx | −$20.2k | −$5.17 |
| NOI | $47.2k | $12.06 |
Alternative Uses
Current Use by Public Records
Map
- City
- South Kingstown
- County
- Washington
- State
- Rhode Island
- Longitude
- -71.562726
- Latitude
- 41.399545
