Mixed-Use Property with
For Sale
$975,000
1019 Main Rd, Tiverton, RI 02878
Residential Income, Tiverton, RI
Property Size5,024 SF
Lot Size0.23 Acres
Price / SF$194.07
Days on Market94
Property Features for 1019 Main Rd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R40
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Parking
6
Directions
Use GPS
Standard status
Active
APN
M:119 B:108,473804
Size
5,024 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5710
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Jul 10
Changed: Sep 14
Last Checked: Oct 11 at 6:06AM
MLS# 73547978
Copyright © 2026 MLS Property Information Network 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 5,024-square-foot mixed-use property at 1019 Main Rd includes commercial space on the ground floor and a residential apartment above. The upper level offers two bedrooms, two full bathrooms, an open kitchen and living area, a formal dining room, a separate office, and substantial storage. The street-facing commercial area is currently configured as an antique shop, with inventory available as part of the sale or the option to deliver the space empty.
The property occupies a 0.227-acre corner lot on Main Rd in Tiverton and carries R40 zoning. Built in 1930, the building combines a storefront layout with residential accommodations in a single structure.
The property occupies a 0.227-acre corner lot on Main Rd in Tiverton and carries R40 zoning. Built in 1930, the building combines a storefront layout with residential accommodations in a single structure.
Key Highlights
- 5,024‑square‑foot mixed‑use building on a 0.227‑acre corner lot
- Street‑level antique shop with inventory available or space delivered empty
- Upper apartment includes 2 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,687
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,740
$1.1M
Cap Rate 7%
$809,814
$809.8K
Cap Rate 9%
$629,856
$629.9K
Market Conditions
NOI Build-Up for 5,024 SF
Gross rent
$90.4K $18.00/SF
− Vacancy
−$9.5K −$1.88/SF
EGI
$81.0K $16.12/SF
− OpEx
−$24.3K −$4.84/SF
NOI
$56.7K $11.28/SF
Area
Newport County, RI
Vacancy
10.45%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,740
Cap Rate 7%
$809,814
Cap Rate 9%
$629,856
Alternative Uses
Best Use
Retail
$809.8K
$708.6K – $944.8K
NOI $56,687 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$726.7K
$635.9K – $847.8K
NOI $50,868 @ 7.0% cap · market cap 5.22%
Theoretical Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,912 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 02878, RI
16,359
Population
7,747
Households
2.1
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
29.1 sq mi
ZIP Area
562
Density / Sq Mi
$99,542
Median Household Income
$49,228
Median Earnings
$1,228
Median Rent
$367,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot configuration combines a street-level retail area with an upper-level residence.
Where is this mixed-use property located?
The property is located at 1019 Main Rd Tiverton, RI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 5,024‑square‑foot mixed‑use building on a 0.227‑acre corner lot; Street‑level antique shop with inventory available or space delivered empty; Upper apartment includes 2 bedrooms and 2 full bathrooms
