1019 Main Rd Tiverton, RI 02878
Corner mixed-use property with an upper 2-bedroom apartment and a street-level antique shop.
Property Features for 1019 Main Rd
General Information
- Standard status
- Active
- Size
- 5,024 SF
- Lot size
- 0.23 Acres
- Property subtype
- 2 Family - 2 Units Up/Down
Building Details
- Year Built
- 1930
Listing office Keller Williams South Watuppa (774) 644-1262
Listing date Jul 10, 2026
Source Lockandkeyre
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Investment Insights
Based on property information with market context.
The property sits on a 0.23-acre corner lot along Main Road, which supports prominent street visibility for the retail component.
Offered for sale, the building totals 5,024 square feet and presents a single-owner configuration that can support either owner-occupied living with on-site retail operations or a residential income component alongside the existing business.
Key Highlights
- 5,024 SF mixed‑use property on a 0.23‑acre corner lot along Main Road
- Upper‑level apartment features 2 bedrooms and 2 full bathrooms with open‑concept kitchen and living area
- Apartment includes a separate dining room, dedicated office space, and generous closet storage
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 | $128.4k | $25.56 |
| − Vacancy | −$8.5k | −$1.70 |
| EGI | $119.9k | $23.86 |
| − OpEx | −$36.0k | −$7.16 |
| NOI | $83.9k | $16.70 |
