Equestrian Estate with Indoor Riding
3622 Main Road Tiverton, RI 02878
For Sale
$2,500,000
MULTI_FAMILY - Tiverton, RI
Property Size4,876 SF
Lot Size32.00 Acres
Price / SF$512.72
Days on Market434
Property Features for 3622 Main Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-80
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 7, Basement, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 4
- Parking
- 55
- Interior features
- Wall (Cermaic), Wall (Plaster), Insulation (Unknown)
- Fireplace
- 1
- Basement
- Unfinished, Full
- Appliances
- Electric Water Heater, Dishwasher, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 4,876 SF
- Lot size
- 32.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 22706
Utilities
- Sewer type
- Cesspool, Septic Tank
- Heating system
- Oil, Baseboard
- Water source
- Well
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Carpet, Laminate, Hardwood
- Building materials
- Ceramic, Plaster, Aluminum Siding, Shingles, Vinyl Siding
Listing Agency:
Keller Williams Coastal
(401) 845-9200
Listed By:
Jennifer Hilton
(401) 787-3173
Added: May 20, 2025
Changed: Jul 23
Last Checked: Jul 27 at 5:06AM
MLS# 1385160
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.
Set on 32 acres, this equestrian estate combines multiple horse facilities with residential improvements. The property includes three barns offering 44 total stalls, plus a modern indoor riding arena with LED lighting. An expansive outdoor ring overlooks sweeping views, and the main residence features an indoor pool. Two oversized garages provide additional space for equipment or storage.
The estate also includes a separate historic two-family home dating back to 1754, noted as once owned by Captain Robert Gray. The property is listed in Tiverton, Rhode Island at 3622 Main Road, with zoning designated as R-80.
The estate also includes a separate historic two-family home dating back to 1754, noted as once owned by Captain Robert Gray. The property is listed in Tiverton, Rhode Island at 3622 Main Road, with zoning designated as R-80.
Key Highlights
- 32‑acre equestrian estate with historic features and Sakonnet River views.
- Three barns with a total of 44 stalls for boarding and training use.
- Modern indoor riding arena with LED lighting, plus an outdoor riding ring overlooking sweeping views.
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 | $124.6k | $25.56 |
| − Vacancy | −$8.3k | −$1.70 |
| EGI | $116.3k | $23.86 |
| − OpEx | −$34.9k | −$7.16 |
| NOI | $81.4k | $16.70 |
4,876 SF · lease $25.56/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,440 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$1.03M
$905.4K – $1.21M
NOI $72,428 @ 7.0% cap · market cap 2.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Claddagh Farm Inc
Food Processing Plant
PJM Equestrian
Animal Training
Wheeltrak Dealer Services.
Corporate Office
FAQs
What type of property is this?
Horse & equestrian property - 32-acre equestrian estate with three barns, 44 stalls, and an indoor riding arena.
Where is this horse & equestrian property located?
The property is located at 3622 Main Road Tiverton, RI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 32‑acre equestrian estate with historic features and Sakonnet River views.; Three barns with a total of 44 stalls for boarding and training use.; Modern indoor riding arena with LED lighting, plus an outdoor riding ring overlooking sweeping views.
