19 Carolina Main Street Richmond, RI 02812
MULTI_FAMILY - Richmond, RI
Property Features for 19 Carolina Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Basement, Bedroom 5, Bedroom 4
- Parking
- 5
- Patio and Porch features
- Patio
- Interior features
- Wall (Dry Wall), Wall (Paneled), Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Ceiling)
- Exterior features
- Screened Pch/Patio/Dck/Brzwy
- Basement
- Unfinished, Full
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active Under Contract
- Size
- 2,213 SF
- Lot size
- 0.44 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5185
Utilities
- Sewer type
- Septic Tank, Cesspool
- Heating system
- Baseboard, Oil, Electric (Heating)
- Water source
- Well, Private
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Tile - Ceramic, Laminate, Hardwood
- Building materials
- Dry Wall, Paneled, Vinyl Siding
Listing agent Mary Flood (401) 491-9890
Listing office Beaches & Backroads Realty 4a Fairview Ave, Hope Valley, RI (401) 491-9890
Listing date Jul 1, 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 Richmond, Rhode Island, the property is set on a 0.44-acre lot and totals 2,213 square feet. Zoning is R-2. The home is described as having easy access to the interstate for commuting convenience, and it is also positioned minutes from the University of Rhode Island, public schools, shopping, and popular restaurants, with South County beaches nearby.
For buyers, this configuration supports flexible occupancy options, including living in one unit while renting the other. The two-unit setup can also appeal to investors seeking a straightforward residential income property with dedicated interior space per unit and on-site storage amenities such as the garage and shed.
Key Highlights
- Duplex built in 1900 with two units, each offering 3 bedrooms, 1 full bath, and 1 half bath
- Heating includes oil baseboard and electric heating; copper/mixed/PVC plumbing
- Flooring includes hardwood, laminate, tile (ceramic), and carpet
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 | $39.8k | $18.00 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $38.1k | $17.23 |
| − OpEx | −$11.4k | −$5.17 |
| NOI | $26.7k | $12.06 |
