Water-View
For Sale
$1,150,000
15 Shore Drive, Barrington, RI 02806
Residential Income, Barrington, RI
Property Size2,552 SF
Lot Size0.09 Acres
Price / SF$450.63
Days on Market181
Property Features for 15 Shore Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R10
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1
Parking
4
Parking features
None
Window features
Insulated Windows, Skylight(s)
Patio and Porch features
Porch, Patio, Deck
Interior features
Wall (Dry Wall), Attic, Attic Storage, Stairs, Plumbing (Mixed)
Exterior features
Deck, Patio, Porch
Fireplace
1
Appliances
Dishwasher, Dryer, Exhaust Fan, Disposal, Microwave, Oven, Range, Refrigerator, Washer, Tankless Water Heater
Subdivision
Latham Park
Lot features
Out Building, Paved Driveway, Sprinklers
View
Water
Standard status
Active
Size
2,552 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12947
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Window Unit(s), Wall Unit(s)
Water source
Public
Amenities
inviting front porch
amazing second floor deck
in unit laundry
direct access to a charming patio
air conditioning
gas fireplaces
outdoor shower
storage shed
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Laminate
Building materials
Dry Wall, Vinyl Siding
Additional Structures
Storage
Buildings
1
Listing Agency:
Residential Properties Ltd.
(401) 245-9600
Listed By:
Nancy Ryan
(401) 699-6638
Added: May 5
Changed: Oct 27
Last Checked: Nov 1 at 5:06AM
MLS# 1411578
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.
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Investment Insights
Based on property information with market context.
This 2,552-square-foot duplex contains two side-by-side residences on a 0.0918-acre lot. Each unit has an open first-floor layout, a full bathroom on both levels, a walk-in closet in the primary bedroom, and in-unit laundry. One residence also has a first-floor bedroom. Central air, additional unit cooling, natural gas heat, and gas fireplaces serve the property. Outdoor features include a front porch, second-floor deck, patio, outdoor shower, and storage shed. Water views are noted from the property.
The duplex is in Barrington, near the East Bay Bike Path, Barrington Beach, and the shops and restaurants of Barrington Center. The property is zoned R10 and has public water and sewer.
The duplex is in Barrington, near the East Bay Bike Path, Barrington Beach, and the shops and restaurants of Barrington Center. The property is zoned R10 and has public water and sewer.
Key Highlights
- Two side‑by‑side units totaling 2,552 square feet
- 0.0918‑acre lot zoned R10
- Full bathroom on each floor of both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,093
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,860
$861.9K
Cap Rate 7%
$615,614
$615.6K
Cap Rate 9%
$478,811
$478.8K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$65.8K $25.80/SF
− Vacancy
−$4.3K −$1.68/SF
EGI
$61.6K $24.12/SF
− OpEx
−$18.5K −$7.24/SF
NOI
$43.1K $16.89/SF
Area
Bristol County, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,860
Cap Rate 7%
$615,614
Cap Rate 9%
$478,811
Alternative Uses
Best Use
Multifamily LT 5
$615.6K
$538.7K – $718.2K
NOI $43,093 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,765 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
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Business Placement
Demographics for 02806, RI
17,153
Population
6,341
Households
2.7
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
2,092
Density / Sq Mi
$150,542
Median Household Income
$76,040
Median Earnings
$1,794
Median Rent
$591,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two side-by-side residences each include in-unit laundry and access to shared outdoor spaces.
Where is this duplex located?
The property is located at 15 Shore Drive Barrington, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two side‑by‑side units totaling 2,552 square feet; 0.0918‑acre lot zoned R10; Full bathroom on each floor of both residences
