Two-Residence Duplex
For Sale
Under Contract
$1,095,000
46 Carr Lane, Jamestown, RI 02835
Residential Income, Jamestown, RI
Property Size2,502 SF
Lot Size2.02 Acres
Price / SF$437.65
Days on Market35
Property Features for 46 Carr Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RR80
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bathroom 3, Bedroom 2
Parking
7
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Plumbing (PEX), Plumbing (PVC), Insulation (Walls)
Exterior features
Porch
Basement
Unfinished, Full, Storage Space
Appliances
Dishwasher, Oven, Range, Refrigerator, Electric Water Heater
Subdivision
Carr Lane / Cranston Cove Area
Lot features
Barn, Wooded
Standard status
Active Under Contract
Size
2,502 SF
Lot size
2.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5681
Utilities
Sewer type
Septic Tank
Heating system
Oil, Natural Gas, Forced Air
Water source
Well, Private
Building Details
Year built
1882
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Hardwood
Building materials
Dry Wall, Plaster, Shingles, Wood
Listing Agency:
Lila Delman Compass
(401) 423-3440
Listed By:
Bob Bailey · License #RES.0027739
(401) 413-6928
Added: Sep 2
Changed: Sep 26
Last Checked: Oct 6 at 4:06AM
MLS# 1422230
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.
The property includes two legal residences: an 1882 Victorian cottage with three bedrooms and 1.5 baths, and a ranch-style cottage with one bedroom and one bath. Together, the homes contain 2,502 square feet. A detached barn is also on the property and requires restoration. Additional features include a porch, hardwood, carpet and ceramic tile flooring, and oil and natural gas heating.
Key Highlights
- Two legal residences on 2.0248 acres
- 1882 Victorian cottage with 3 bedrooms and 1 1/2 baths
- Ranch‑style cottage with 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,789
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,780
$835.8K
Cap Rate 7%
$596,986
$597.0K
Cap Rate 9%
$464,322
$464.3K
Market Conditions
NOI Build-Up for 2,502 SF
Gross rent
$64.0K $25.56/SF
− Vacancy
−$4.3K −$1.70/SF
EGI
$59.7K $23.86/SF
− OpEx
−$17.9K −$7.16/SF
NOI
$41.8K $16.70/SF
Area
Newport County, RI
Vacancy
6.65%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$835,780
Cap Rate 7%
$596,986
Cap Rate 9%
$464,322
Alternative Uses
Best Use
Multifamily LT 5
$597.0K
$522.4K – $696.5K
NOI $41,789 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$530.9K
$464.6K – $619.4K
NOI $37,165 @ 7.0% cap · market cap 3.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 02835, RI
5,559
Population
3,177
Households
1.7
Avg Household Size
55
Median Age
68%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
591
Density / Sq Mi
$141,442
Median Household Income
$80,625
Median Earnings
$1,932
Median Rent
$752,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two detached homes occupy a 2.0248-acre parcel with RR80 zoning and private well and septic service.
Where is this duplex located?
The property is located at 46 Carr Lane Jamestown, RI.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two legal residences on 2.0248 acres; 1882 Victorian cottage with 3 bedrooms and 1 1/2 baths; Ranch‑style cottage with 1 bedroom and 1 bath
