Turnkey Home With Neighborhood
2 Wilson Street Bristol, RI 02809
2 Wilson Street, Bristol, RI, 02809
$875,000
For Sale
$875,000
MULTI_FAMILY - Bristol, RI
Property Size1,440 SF
Lot Size0.07 Acres
Price / SF$607.64
Days on Market274
Property Features for 2 Wilson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- GB
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 2, Basement, Bathroom 1
- Parking
- 2
- Parking features
- None
- Interior features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
- Basement
- Unfinished, Storage Space, Full
- Appliances
- Tankless Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,440 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6133
Utilities
- Heating system
- Oil
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Hardwood
- Building materials
- Dry Wall, Shingles
Listing agency
Keller Williams Leading Edge
(401) 333-4900
Listed by
Spectrum Real Estate Consultants Team
(401) 333-4900
Added: Oct 22, 2025 Updated: Jul 16 at 3:22PM Checked: Jul 22 at 9:06AM
MLS# 1398348
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.
A turnkey package offering a 1,440-square-foot, 3-bedroom, 2-bath single-family home together with The Casual Inn. The residence has been maintained for move-in readiness, including fully renovated bathrooms and original hardwood floors in the living areas, with additional flooring expected under kitchen and upstairs carpeting. Reported upgrades include a new roof and second-floor windows from 2012. Laundry is located in the basement, and the property includes two off-street parking spaces.
The sale is structured so that both parcels must convey together. The restaurant included in the package is identified as The Casual Inn, described in the remarks as a neighborhood option steps away from the home. The property is listed under zoning GB.
Overall, the offering combines a live-in home configuration with an operational restaurant parcel conveyed as part of the same transaction.
The sale is structured so that both parcels must convey together. The restaurant included in the package is identified as The Casual Inn, described in the remarks as a neighborhood option steps away from the home. The property is listed under zoning GB.
Overall, the offering combines a live-in home configuration with an operational restaurant parcel conveyed as part of the same transaction.
Key Highlights
- 1,440 SF single‑family home with 3 bedrooms and 2 bathrooms (Year built: 1900)
- Both parcels must convey together: 2 Wilson St home plus The Casual Inn (MLS 1398420)
- Primary suite includes double‑door closet and tiled primary bath with jacuzzi tub
Local Financial Insights For Specialty Retail
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 | $35.4k | $24.60 |
| − Vacancy | −$1.3k | −$0.93 |
| EGI | $34.1k | $23.67 |
| − OpEx | −$8.5k | −$5.92 |
| NOI | $25.6k | $17.75 |
1,440 SF · lease $24.60/SF/yr · vacancy 3.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$365.1K
$319.5K – $426.0K
NOI $25,558 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,841 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$481.8K
$421.5K – $562.1K
NOI $33,723 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Turnkey 3BR/2BA single-family home packaged with a nearby restaurant, with two off-street parking spaces.
Where is this single family property located?
The property is located at 2 Wilson Street Bristol, RI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,440 SF single‑family home with 3 bedrooms and 2 bathrooms (Year built: 1900); Both parcels must convey together: 2 Wilson St home plus The Casual Inn (MLS 1398420); Primary suite includes double‑door closet and tiled primary bath with jacuzzi tub
