22 South Avenue Tiverton, RI 02878
MULTI_FAMILY - Tiverton, RI
Property Features for 22 South Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RES
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 6
- Patio and Porch features
- Porch
- Interior features
- Wall (Dry Wall), Wall (Plaster), Attic, Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
- Exterior features
- Porch
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Range Hood, Oven/Range, Refrigerator
- Standard status
- Active Under Contract
- Size
- 2,070 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5189
Utilities
- Sewer type
- Septic Tank
- Heating system
- Oil, Central, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1890
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Hardwood
- Building materials
- Dry Wall, Plaster, Shingles, Wood
Listing agent Renee Durost (401) 451-8293
Listing office Hearth & Harbor Realty 1741 Main Road, Tiverton, RI (401) 816-5187
Listing date Jun 23, 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 Tiverton, the property is described as being near the marina, TYC, Coastal Roasters, Grinnell's Beach, and other nearby attractions.
Additional improvements noted include all-new windows with Azek trim, some exterior shingling, and heating updates. The property also includes a 3-bay garage, a potting shed, and a full-sized greenhouse with cover.
Key Highlights
- Circa 1890 2‑family home with character features including high ceilings, wainscoting, vintage moldings, and built‑ins
- Each unit offers 1,000+ sq ft of living space with 2–3 bedrooms and flexible layouts
- Finished, heated 896 sq ft barn with exposed beams and hardwood floors, offering potential as an office, studio, recreation space, or possible ADU
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 | $52.9k | $25.56 |
| − Vacancy | −$3.5k | −$1.70 |
| EGI | $49.4k | $23.86 |
| − OpEx | −$14.8k | −$7.16 |
| NOI | $34.6k | $16.70 |
