Two-Family Residential Income
15 Saratoga Road North Kingstown, RI 02852
15 Saratoga Road, North Kingstown, RI, 02852
$499,900
Pending
For Sale
$499,900
Pending
MULTI_FAMILY - North Kingstown, RI
Property Size1,728 SF
Lot Size0.17 Acres
Days on Market16
Property Features for 15 Saratoga Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- VR
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Basement, Bathroom 2, Bedroom 3, Bathroom 1
- Parking
- 4
- Parking features
- None
- Window features
- Insulated Windows
- Patio and Porch features
- Deck
- Interior features
- Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors)
- Exterior features
- Deck
- Basement
- Partially Finished, Full, Storage Space
- Appliances
- Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 1,728 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4672
Utilities
- Sewer type
- Septic Tank
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Heat Pump
Building Details
- Year built
- 1943
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Plaster, Shingles, Vinyl Siding
Listing agency
Re/Max Professionals
(401) 884-6050
Listed by
David Splaine · License #132548
(401) 884-6050
Added: Jul 8 Updated: Jul 19 at 1:26AM Checked: Jul 23 at 5:06AM
MLS# 1417199
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 two-family property offers two separate apartments with above-average condition and a number of recent updates. Ductless heat pump units were installed in both apartments two years ago, providing air conditioning and supplemental heat. Kitchens feature stone counters and stainless appliances, and both bathrooms have been updated. Flooring throughout is a mix of hardwoods, vinyl laminate, and ceramic tile, with only two bedrooms on one side having wall-to-wall carpet. Washers and dryers convey with both apartments. The roof is approximately 10 years old, and the septic system was replaced in 1996. Windows have been replaced, and one deck is brand new, with RI Lead Certificates of Conformance to be provided by closing.
Located in the Yorktown neighborhood of North Kingstown, the property sits on a 0.1684-acre lot and is identified under zoning VR.
For buyers seeking a well-cared-for, two-unit setup, this home provides practical in-unit convenience with laundry included and energy-efficient ductless heating/cooling equipment. The combination of updated interiors, relatively recent roof life, and documented compliance materials at closing supports a straightforward path for an owner-operator or investor looking to take over a prepared property.
Located in the Yorktown neighborhood of North Kingstown, the property sits on a 0.1684-acre lot and is identified under zoning VR.
For buyers seeking a well-cared-for, two-unit setup, this home provides practical in-unit convenience with laundry included and energy-efficient ductless heating/cooling equipment. The combination of updated interiors, relatively recent roof life, and documented compliance materials at closing supports a straightforward path for an owner-operator or investor looking to take over a prepared property.
Key Highlights
- 2‑family home built in 1943 in the Yorktown neighborhood of North Kingstown
- Ductless heat pump units installed in both apartments (air conditioning and supplemental heat)
- Roof is about 10 years old; windows have been replaced
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 | $31.1k | $18.00 |
| − Vacancy | −$1.3k | −$0.77 |
| EGI | $29.8k | $17.23 |
| − OpEx | −$8.9k | −$5.17 |
| NOI | $20.8k | $12.06 |
1,728 SF · lease $18.00/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.8K
$260.5K – $347.4K
NOI $20,843 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$259.8K
$227.4K – $303.2K
NOI $18,189 @ 7.0% cap · market cap 3.64%
Theoretical Best
Healthcare Medical
$345.3K
$302.1K – $402.8K
NOI $24,168 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with ductless heat pumps, updated kitchens and baths, and in-unit laundry included.
Where is this duplex located?
The property is located at 15 Saratoga Road North Kingstown, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2‑family home built in 1943 in the Yorktown neighborhood of North Kingstown; Ductless heat pump units installed in both apartments (air conditioning and supplemental heat); Roof is about 10 years old; windows have been replaced
