15 Saratoga Road North Kingstown, RI 02852
MULTI_FAMILY - North Kingstown, RI
Property Features for 15 Saratoga Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- VR
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3
- Parking
- 4
- Parking features
- None
- Patio and Porch features
- Deck
- Interior features
- Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors)
- Exterior features
- Deck
- Basement
- Storage Space, Partially Finished, Full
- Appliances
- Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 1,728 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4672
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Heat Pump
Building Details
- Year built
- 1943
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Carpet, Tile - Ceramic
- Building materials
- Plaster, Shingles, Vinyl Siding
Listing agent David Splaine License #132548 (401) 884-6050
Listing office Re/Max Professionals 655 Main Street, East Greenwich, RI (401) 884-6050
Listing date Jul 8, 2026
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.
Located in the Yorktown neighborhood of North Kingstown, the property sits on a 0.1684-acre lot and is identified under zoning VR.
For buyers seeking a well-cared-for, two-unit setup, this home provides practical in-unit convenience with laundry included and energy-efficient ductless heating/cooling equipment. The combination of updated interiors, relatively recent roof life, and documented compliance materials at closing supports a straightforward path for an owner-operator or investor looking to take over a prepared property.
Key Highlights
- 2‑family home built in 1943 in the Yorktown neighborhood of North Kingstown
- Ductless heat pump units installed in both apartments (air conditioning and supplemental heat)
- Roof is about 10 years old; windows have been replaced
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 | $31.1k | $18.00 |
| − Vacancy | −$1.3k | −$0.77 |
| EGI | $29.8k | $17.23 |
| − OpEx | −$8.9k | −$5.17 |
| NOI | $20.8k | $12.06 |
