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    Main Rd Tiverton, RI 02878

    For Sale
    $1,400,000

    High-yield multi-building property, 13 units.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional investment opportunity in Tiverton, Rhode Island presents a rare chance to acquire a portfolio of three income-generating buildings situated on a 0.44-acre lot. The property comprises a total of thirteen rentable units, currently generating an annual gross income of $98,280. Significant upside potential exists due to below-market rents. The main building, located at 28-32 Main Road, is a mixed-use structure encompassing four residential units totaling 4,270 square feet and two retail storefront units totaling 1,522 square feet. A second building at 36 Main Road features a large 2,748-square-foot storefront space, potentially divisible into two units, along with a spacious storage room, bathroom, and two sizable garage units adding 2,457 square feet. Finally, 27 Rock Street houses three garage units and a spacious office loft area, with each floor offering 1,118 square feet. This unique property offers a diverse range of rental options, catering to a variety of tenants. The substantial existing income stream, combined with the potential for rent increases, makes this a compelling investment prospect with strong long-term growth potential. The property is priced at $1,400,000.

    Property Features for Main Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    19,166 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tiverton
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.18436
    Latitude
    41.67299

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield multi-building property, 13 units.
    Where is this commercial real estate located?
    The property is located at Main Rd Tiverton, RI.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (401) 846-0386
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Main Rd Tiverton, RI 02878
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