Two-Unit Townhouse-Style
For Sale
$997,500
33 Kenyon School Road, Richmond, RI 02836
Residential Income, Richmond, RI
Property Size3,840 SF
Lot Size4.46 Acres
Price / SF$259.77
Days on Market47
Property Features for 33 Kenyon School Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
5
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 5, Basement, Bathroom 6, Bedroom 1
Parking
10
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Porch, Deck
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
Exterior features
Deck, Porch
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Electric Water Heater
Subdivision
Kenyon
Lot features
Out Building, Wooded
Standard status
Active
Size
3,840 SF
Lot size
4.46 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7977
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Flooring type
Carpet, Tile - Ceramic, Hardwood
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Tim Silvia · License #RES.0030534
(401) 474-1889
Added: Aug 21
Changed: Sep 26
Last Checked: Oct 6 at 5:06PM
MLS# 1421109
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.
Built in 2024, this 3,840-square-foot duplex contains two townhouse-style residences. Each unit has two bedrooms, two full bathrooms, a half bath, an open living area, and a finished lower level with walkout access. Decks and porches provide additional outdoor space. The property is served by a well and septic system, with natural gas forced-air heat and central air conditioning.
The 4.46-acre parcel is in Richmond, a short drive from the University of Rhode Island and within reach of South County beaches, dining, shopping, and recreation.
The 4.46-acre parcel is in Richmond, a short drive from the University of Rhode Island and within reach of South County beaches, dining, shopping, and recreation.
Key Highlights
- Two units, each with 2 bedrooms, 2 full bathrooms, and 1 half bath
- 3,840 square feet across the duplex
- 4.46‑acre parcel in Richmond
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,318
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,360
$926.4K
Cap Rate 7%
$661,686
$661.7K
Cap Rate 9%
$514,644
$514.6K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$69.1K $18.00/SF
− Vacancy
−$3.0K −$0.77/SF
EGI
$66.2K $17.23/SF
− OpEx
−$19.9K −$5.17/SF
NOI
$46.3K $12.06/SF
Area
Washington County, RI
Vacancy
4.27%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$926,360
Cap Rate 7%
$661,686
Cap Rate 9%
$514,644
Alternative Uses
Best Use
Multifamily LT 5
$661.7K
$579.0K – $772.0K
NOI $46,318 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$577.4K
$505.3K – $673.7K
NOI $40,420 @ 7.0% cap · market cap 4.05%
Theoretical Best
Healthcare Medical
$767.2K
$671.3K – $895.1K
NOI $53,706 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
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Business Placement
Demographics for 02836, RI
158
Population
94
Households
1.7
Avg Household Size
41
Median Age
43%
High-School Grad
0.3 sq mi
ZIP Area
527
Density / Sq Mi
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer finished walkout lower levels and outdoor decks and porches on a 4.46-acre property.
Where is this duplex located?
The property is located at 33 Kenyon School Road Richmond, RI.
What is the asking price?
The asking price for this property is $997,500.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 2 full bathrooms, and 1 half bath; 3,840 square feet across the duplex; 4.46‑acre parcel in Richmond
