Mixed-Use Village Property with
21 East Road Tiverton, RI 02878
21 East Road, Tiverton, RI, 02878
$1,325,000
For Sale
$1,325,000
MULTI_FAMILY - Tiverton, RI
Property Size5,769 SF
Lot Size5.71 Acres
Price / SF$229.68
Days on Market33
Property Features for 21 East Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R120
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Basement, Bathroom 1
- Parking
- 13
- Window features
- Insulated Windows
- Patio and Porch features
- Deck
- Interior features
- Wall (Dry Wall), Wall (Wood), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Deck
- Fireplace
- 1
- Basement
- Unfinished, Storage Space, Full
- Appliances
- Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 5,769 SF
- Lot size
- 5.71 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11322
Utilities
- Sewer type
- Cesspool
- Heating system
- Forced Air, Oil, Natural Gas
- Water source
- Well
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Dry Wall, Wood Wall(s), Shingles, Vinyl Siding
Listing Agency
Hearth & Harbor Realty
(401) 816-5187
1741 Main Road, Tiverton, RI
Listed by
Deborah Plant
(401) 451-8293
Added: Jun 15 Checked: Jul 17 at 7:06 am
MLS# 1415411
Listing URL
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.
This mixed-use property includes three legal residential units along with a renovated retail storefront and a separate garage/workshop building. The main residence is a classic 1920s Cape at 21 East Road, currently configured as a 2-family home with a 2-bed, 1-bath unit on each floor. A separate 540-square-foot 1-bed, 1-bath cottage provides additional flexible living space. Also on site is a newly sided 1,500-square-foot, three-bay garage/workshop.
The commercial component at 31 East Road is a 1,075-square-foot retail space with new cedar shingles, a new roof, new windows, and a ductless mini-split system. Public remarks describe the property as positioned in the heart of historic Tiverton Four Corners. This listing is for the real estate only, and the business is not included.
The property is comprised of two lots being sold together. Zoning is listed as R120.
The commercial component at 31 East Road is a 1,075-square-foot retail space with new cedar shingles, a new roof, new windows, and a ductless mini-split system. Public remarks describe the property as positioned in the heart of historic Tiverton Four Corners. This listing is for the real estate only, and the business is not included.
The property is comprised of two lots being sold together. Zoning is listed as R120.
Key Highlights
- 3 legal residential units plus a renovated 1,075 SF retail storefront on nearly 6 acres in Tiverton Four Corners.
- Main 1920s Cape at 21 East Rd offers 2,352 SF finished living space with original woodwork and hardwood floors; currently configured as a 2‑family.
- Includes a separate 540 SF 1 bed, 1 bath cottage for additional income or flexible use.
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 | $147.5k | $25.56 |
| − Vacancy | −$9.8k | −$1.70 |
| EGI | $137.6k | $23.86 |
| − OpEx | −$41.3k | −$7.16 |
| NOI | $96.4k | $16.70 |
5,769 SF · lease $25.56/SF/yr · vacancy 6.65% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.20M – $1.61M
NOI $96,355 @ 7.0% cap · market cap 7.27%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,692 @ 7.0% cap · market cap 6.47%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Mixed-use offering with three residential units, a renovated retail storefront, and a newly sided 3-bay garage/workshop.
Where is this triplex located?
The property is located at 21 East Road Tiverton, RI.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 3 legal residential units plus a renovated 1,075 SF retail storefront on nearly 6 acres in Tiverton Four Corners.; Main 1920s Cape at 21 East Rd offers 2,352 SF finished living space with original woodwork and hardwood floors; currently configured as a 2‑family.; Includes a separate 540 SF 1 bed, 1 bath cottage for additional income or flexible use.
