Two-Unit Duplex with
484 High Street, South Kingstown, RI 02879
For Sale
New
$595,000
Residential Income, South Kingstown, RI
Property Size4,462 SF
Lot Size0.45 Acres
Price / SF$133.35
Days on Market4
Property Features for 484 High Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Amenities
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Stanton Realty, Inc.
(401) 596-2885
Listed By:
Sean Conroy · License #RES.0043774
(401) 741-6068
Added: Nov 6
Last Checked: Nov 9 at 3:06AM
MLS# 1427916
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.
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Investment Insights
Based on property information with market context.
Built in 1860, this two-unit duplex has an upper-and-lower arrangement on a 0.45-acre parcel. The apartments each contain five rooms: one has two bedrooms and the other has three. Each includes a full bathroom and its own laundry. A full, unfinished basement has access from inside and outside the building. The property also has 200-amp electrical service, municipal water and public sewer.
The property is on High Street in South Kingstown, with Route 1 access. Downtown Wakefield shops and restaurants and the town beach are a short drive away.
The property is on High Street in South Kingstown, with Route 1 access. Downtown Wakefield shops and restaurants and the town beach are a short drive away.
Key Highlights
- Two apartments: one with 2 bedrooms and one with 3
- Both units are vacant and include a full bath and in‑unit laundry
- 0.45‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,821
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,420
$1.1M
Cap Rate 7%
$768,871
$768.9K
Cap Rate 9%
$598,011
$598.0K
Market Conditions
NOI Build-Up for 4,462 SF
Gross rent
$80.3K $18.00/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$76.9K $17.23/SF
− OpEx
−$23.1K −$5.17/SF
NOI
$53.8K $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%
$1,076,420
Cap Rate 7%
$768,871
Cap Rate 9%
$598,011
Alternative Uses
Best Use
Multifamily LT 5
$768.9K
$672.8K – $897.0K
NOI $53,821 @ 7.0% cap · market cap 9.05%
Second Best
Apartment 5plus
$671.0K
$587.1K – $782.8K
NOI $46,967 @ 7.0% cap · market cap 7.89%
Theoretical Best
Healthcare Medical
$891.5K
$780.1K – $1.04M
NOI $62,406 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
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Business Placement
Demographics for 02879, RI
20,982
Population
11,959
Households
1.8
Avg Household Size
51
Median Age
59%
College-Educated
95%
High-School Grad
39.5 sq mi
ZIP Area
531
Density / Sq Mi
$115,848
Median Household Income
$56,125
Median Earnings
$1,281
Median Rent
$515,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Washington County, RI
Properties on Market for Duplexes in Washington County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both vacant apartments have a full bath and in-unit laundry, and the property is served by municipal water and sewer.
Where is this duplex located?
The property is located at 484 High Street South Kingstown, RI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and one with 3; Both units are vacant and include a full bath and in‑unit laundry; 0.45‑acre parcel
