Turnkey Home With Neighborhood
For Sale
$849,900
2 Wilson Street, Bristol, RI 02809
Residential Income, Bristol, RI
Property Size1,440 SF
Lot Size0.07 Acres
Price / SF$590.21
Days on Market357
Property Features for 2 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GB
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Half bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 4
Parking
2
Parking features
None
Interior features
Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished, Storage Space
Appliances
Dryer, Oven, Range, Refrigerator, Washer, Tankless Water Heater
Standard status
Active
Size
1,440 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6133
Utilities
Heating system
Oil
Cooling system
Window Unit(s)
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Laminate
Building materials
Dry Wall, Shingles
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Spectrum Real Estate Consultants Team
(401) 334-3334
Added: Oct 22, 2025
Changed: Sep 26
Last Checked: Oct 13 at 11:06AM
MLS# 1398348
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.
A turnkey package offering a 1,440-square-foot, 3-bedroom, 2-bath single-family home together with The Casual Inn. The residence has been maintained for move-in readiness, including fully renovated bathrooms and original hardwood floors in the living areas, with additional flooring expected under kitchen and upstairs carpeting. Reported upgrades include a new roof and second-floor windows from 2012. Laundry is located in the basement, and the property includes two off-street parking spaces.
The sale is structured so that both parcels must convey together. The restaurant included in the package is identified as The Casual Inn, described in the remarks as a neighborhood option steps away from the home. The property is listed under zoning GB.
Overall, the offering combines a live-in home configuration with an operational restaurant parcel conveyed as part of the same transaction.
The sale is structured so that both parcels must convey together. The restaurant included in the package is identified as The Casual Inn, described in the remarks as a neighborhood option steps away from the home. The property is listed under zoning GB.
Overall, the offering combines a live-in home configuration with an operational restaurant parcel conveyed as part of the same transaction.
Key Highlights
- 1,440 SF single‑family home with 3 bedrooms and 2 bathrooms (Year built: 1900)
- Both parcels must convey together: 2 Wilson St home plus The Casual Inn (MLS 1398420)
- Primary suite includes double‑door closet and tiled primary bath with jacuzzi tub
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,558
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,160
$511.2K
Cap Rate 7%
$365,114
$365.1K
Cap Rate 9%
$283,978
$284.0K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$35.4K $24.60/SF
− Vacancy
−$1.3K −$0.93/SF
EGI
$34.1K $23.67/SF
− OpEx
−$8.5K −$5.92/SF
NOI
$25.6K $17.75/SF
Area
Bristol County, RI
Vacancy
3.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,160
Cap Rate 7%
$365,114
Cap Rate 9%
$283,978
Alternative Uses
Best Use
Specialty Retail
$365.1K
$319.5K – $426.0K
NOI $25,558 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,841 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$481.8K
$421.5K – $562.1K
NOI $33,723 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
784
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
2,786 visits/mo
0.5 miles
Demographics for 02809, RI
22,493
Population
9,670
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,295
Density / Sq Mi
$96,005
Median Household Income
$41,266
Median Earnings
$1,352
Median Rent
$447,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Single family property - Turnkey 3BR/2BA single-family home packaged with a nearby restaurant, with two off-street parking spaces.
Where is this single family property located?
The property is located at 2 Wilson Street Bristol, RI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 1,440 SF single‑family home with 3 bedrooms and 2 bathrooms (Year built: 1900); Both parcels must convey together: 2 Wilson St home plus The Casual Inn (MLS 1398420); Primary suite includes double‑door closet and tiled primary bath with jacuzzi tub
