Duplex with Private
495 Lafayette Road, North Kingstown, RI 02852
For Sale
$599,800
Each residence includes a separate patio and dedicated yard area.
Property Size1,949 SF
Price / SF$307.75
Days on Market21
Property Features for 495 Lafayette Road
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
SERHANT.
(401) 382-0600
Listed By:
Sheil Readyhough Team
(401) 243-7041
Source:
Lockandkeyre
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 6:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERHANT.
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Investment Insights
Based on property information with market context.
At 495 Lafayette Road in North Kingstown, this 1,949-square-foot duplex contains two residences, each configured with two bedrooms and one full bathroom. Both units have a private patio and dedicated yard space. Interior updates have been completed, and the property includes a new four-bedroom septic system and a roof installed two years ago. The building dates to 1975.
The property is located near shopping, dining, and major routes.
The property is located near shopping, dining, and major routes.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,949 square feet; built in 1975
- Private patio and dedicated yard space for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,509
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,180
$470.2K
Cap Rate 7%
$335,843
$335.8K
Cap Rate 9%
$261,211
$261.2K
Market Conditions
NOI Build-Up for 1,949 SF
Gross rent
$35.1K $18.00/SF
− Vacancy
−$1.5K −$0.77/SF
EGI
$33.6K $17.23/SF
− OpEx
−$10.1K −$5.17/SF
NOI
$23.5K $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%
$470,180
Cap Rate 7%
$335,843
Cap Rate 9%
$261,211
Alternative Uses
Best Use
Multifamily LT 5
$335.8K
$293.9K – $391.8K
NOI $23,509 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$293.1K
$256.4K – $341.9K
NOI $20,515 @ 7.0% cap · market cap 3.42%
Theoretical Best
Healthcare Medical
$389.4K
$340.7K – $454.3K
NOI $27,259 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 02852, RI
23,579
Population
10,589
Households
2.2
Avg Household Size
47
Median Age
49%
College-Educated
96%
High-School Grad
30.8 sq mi
ZIP Area
766
Density / Sq Mi
$112,457
Median Household Income
$60,020
Median Earnings
$1,188
Median Rent
$461,700
Median Home Value
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Market
Average Price Trend$/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 - Each residence includes a separate patio and dedicated yard area.
Where is this duplex located?
The property is located at 495 Lafayette Road North Kingstown, RI.
What is the asking price?
The asking price for this property is $599,800.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,949 square feet; built in 1975; Private patio and dedicated yard space for each unit
