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6-Unit Apartment Property

50 Bills Road, South Kingstown, RI 02881

For Sale
$860,000

Two buildings provide six apartments, along with on-site parking and outdoor space.

Property Size2,013 SF
Price / SF$427.22
Days on Market56

Property Features for 50 Bills Road

General Information

Standard status Active
Size 2,013 SF
Total Parking Spaces 6
Property subtype Multi Family Home
Zoning R-10
Occupancy 100%

Additional Details

Gross Income $68,000
Multifamily Units 6
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $4,111

Amenities

Stall Shower

Building Details

Building Size 2,013 SF
Year Built 1900
Buildings 2
Stories 2
Units 4
Listing Agency: CARTY REALTY
Listed By: David Carty · License #REB.0016121
Source: Caldwellrealtyri
Added: Sep 15 Changed: Nov 8 Last Checked: Nov 8 at 10:10PM

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 CARTY REALTY

Rey
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Investment Insights

Based on property information with market context.

This South Kingstown apartment property includes two buildings with six separate apartments. The site also has parking and outdoor space. Improvements include a new roof, driveway, and hot water heater. The apartments are fully rented, with lease dates varying among units.

The property is near the URI main campus and is zoned R-10. It was built in 1900 and contains 2,013 square feet.

Key Highlights

  • Six apartments across two buildings
  • Fully rented, with lease dates varying among units
  • 2,013 square feet

Property Analytics

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

372
Businesses Nearby

Demographics for 02881, RI

8,443
Population
1,247
Households
6.8
Avg Household Size
20
Median Age
83%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
2,483
Density / Sq Mi
$5,951
Median Earnings
$1,368
Median Rent
$481,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings provide six apartments, along with on-site parking and outdoor space.
Where is this apartment building located?
The property is located at 50 Bills Road South Kingstown, RI.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Six apartments across two buildings; Fully rented, with lease dates varying among units; 2,013 square feet
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