Duplex with Garage and
19 Carolina Main Street Richmond, RI 02812
For Sale
$515,000
Pending
Duplex for sale featuring two units with three bedrooms, one full and one half bath, plus garage and shed storage.
Property Size2,213 SF
Days on Market27
Property Features for 19 Carolina Main Street
General Information
Standard status
Pending
Size
2,213 SF
Property subtype
Multifamily
Building Details
Year Built
1900
Listing Agency:
Beaches & Backroads Realty
(401) 491-9890
Listed By:
Mary Flood
Source:
Lockandkeyre
Added: Jul 1
Changed: Jul 24
Last Checked: Jul 24 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beaches & Backroads Realty
Investment Insights
Based on property information with market context.
This duplex offers two separate units, each with three bedrooms, one full bathroom, and one half bath. The layouts are designed for everyday living with generous room for residents and guests, and the configuration supports owner-occupancy in one unit while renting the other.
The property is located in the Carolina neighborhood of Richmond, with easy access to the interstate. It is also described as minutes from the University of Rhode Island, public schools, shopping, popular restaurants, and the South County beaches.
Additional improvements include a garage and an additional shed, providing extra storage space for tools, equipment, or recreational items.
The property is located in the Carolina neighborhood of Richmond, with easy access to the interstate. It is also described as minutes from the University of Rhode Island, public schools, shopping, popular restaurants, and the South County beaches.
Additional improvements include a garage and an additional shed, providing extra storage space for tools, equipment, or recreational items.
Key Highlights
- Duplex built in 1900 with two units, each offering 3 bedrooms, 1 full bath, and 1 half bath
- Garage plus an additional shed for storage
- Duplex layout offers flexibility for owner‑occupancy or renting out one unit
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 |
2,213 SF · lease $18.00/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.3K
$333.7K – $444.9K
NOI $26,693 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$332.8K
$291.2K – $388.2K
NOI $23,294 @ 7.0% cap · market cap 4.52%
Theoretical Best
Healthcare Medical
$442.2K
$386.9K – $515.9K
NOI $30,951 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale featuring two units with three bedrooms, one full and one half bath, plus garage and shed storage.
Where is this duplex located?
The property is located at 19 Carolina Main Street Richmond, RI.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Duplex built in 1900 with two units, each offering 3 bedrooms, 1 full bath, and 1 half bath; Garage plus an additional shed for storage; Duplex layout offers flexibility for owner‑occupancy or renting out one unit
