Duplex with Walk-Up
New
For Sale
$524,900
41 Mount Hope Avenue, Bristol, RI 02809
Residential Income, Bristol, RI
Property Size2,072 SF
Lot Size0.17 Acres
Price / SF$253.33
Days on Market5
Property Features for 41 Mount Hope Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Basement, Bedroom 4
Parking
6
Parking features
None
Interior features
Attic, Attic Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Storage Space, Unfinished
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer
Lot features
Paved Driveway
Standard status
Active
Size
2,072 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5562
Utilities
Heating system
Oil, Baseboard
Water source
Public
Amenities
large backyard
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Carpet
Building materials
Vinyl Siding
Listing Agency:
Re/Max River's Edge - Bristol · RE/MAX International
(401) 254-1776
Listed By:
Tracey Mulvey · License #RES.0040828
(401) 835-8502
Added: Oct 9
Last Checked: Oct 13 at 11:06AM
MLS# 1425657
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 2,072-square-foot duplex contains two three-bedroom apartments on a 0.17-acre lot. The first-floor unit has an eat-in kitchen connected to the front living room. Upstairs, the second apartment features high ceilings, custom kitchen cabinetry, and a living room. A walk-up attic provides additional interior space. The property was built in 1890 and is zoned R-6. The first-floor apartment is available, and the building has separate utilities.
The property is a short distance from downtown Bristol, the waterfront, local marinas, galleries, cafes, restaurants, the bike path, pickleball courts, and Colt State Park. Roger Williams University is also nearby.
The property is a short distance from downtown Bristol, the waterfront, local marinas, galleries, cafes, restaurants, the bike path, pickleball courts, and Colt State Park. Roger Williams University is also nearby.
Key Highlights
- Two apartments, each with three bedrooms
- 2,072 square feet on a 0.17‑acre lot
- Separate utilities for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,988
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,760
$699.8K
Cap Rate 7%
$499,829
$499.8K
Cap Rate 9%
$388,756
$388.8K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$53.5K $25.80/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$50.0K $24.12/SF
− OpEx
−$15.0K −$7.24/SF
NOI
$35.0K $16.89/SF
Area
Bristol County, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,760
Cap Rate 7%
$499,829
Cap Rate 9%
$388,756
Alternative Uses
Best Use
Multifamily LT 5
$499.8K
$437.4K – $583.1K
NOI $34,988 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$449.0K
$392.8K – $523.8K
NOI $31,427 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$693.2K
$606.6K – $808.7K
NOI $48,524 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature separate utilities and individual living spaces.
Where is this duplex located?
The property is located at 41 Mount Hope Avenue Bristol, RI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two apartments, each with three bedrooms; 2,072 square feet on a 0.17‑acre lot; Separate utilities for the two residences
