Six-Unit Apartment
For Sale
$860,000
50 Bills Road, South Kingstown, RI 02881
Residential Income, South Kingstown, RI
Property Size2,013 SF
Lot Size0.32 Acres
Price / SF$427.22
Days on Market48
Property Features for 50 Bills Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-10
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Basement, Bedroom 4, Bedroom 2
Parking
6
Parking features
None
Interior features
Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished
Appliances
Oven, Range, Refrigerator, Electric Water Heater
Subdivision
Uri-Kingston
Standard status
Active
Size
2,013 SF
Lot size
0.32 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4111
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Flooring type
Laminate
Building materials
Dry Wall, Clapboard, Masonry, Vinyl Siding, Wood
Buildings
2
Listing Agency:
Carty Realty
(401) 783-0044
Listed By:
David Carty · License #REB.0016121
(401) 662-9600
Added: Sep 15
Changed: Oct 28
Last Checked: Nov 1 at 12:06PM
MLS# 1423451
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.
The property comprises two buildings with six apartments and a combined 2,013 square feet on a 0.32-acre parcel. Built in 1900, the buildings have received a new roof, driveway, and electric water heater. Heating is electric baseboard, and the listed appliances include ovens, ranges, and refrigerators. The property is zoned R-10.
The site is described as steps from the University of Rhode Island’s main campus in South Kingstown. All six apartments are currently rented, with lease dates varying among units.
The site is described as steps from the University of Rhode Island’s main campus in South Kingstown. All six apartments are currently rented, with lease dates varying among units.
Key Highlights
- Two buildings contain six apartments across 2,013 square feet
- Fully rented, with lease dates varying among apartments
- 0.32‑acre parcel zoned R‑10
Property Analytics
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Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Two residential buildings are fully leased, with lease end dates distributed over time.
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: Two buildings contain six apartments across 2,013 square feet; Fully rented, with lease dates varying among apartments; 0.32‑acre parcel zoned R‑10
