Duplex With Private-Entry
New
For Sale
$885,000
56 Lawton Avenue, Tiverton, RI 02878
Residential Income, Tiverton, RI
Property Size2,297 SF
Lot Size0.49 Acres
Price / SF$385.29
Days on Market7
Property Features for 56 Lawton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-40
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 1
Parking
3
Window features
Skylight(s)
Patio and Porch features
Deck, Patio
Interior features
Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Cap), Insulation (Walls)
Exterior features
Balcony, Deck, Patio
Fireplace
1
Basement
Full, Unfinished
Appliances
Dishwasher, Dryer, Exhaust Fan, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
Stonebridge
View
Water
Standard status
Active
Size
2,297 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5827
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Radiant, Baseboard, Space Heater
Cooling system
Central Air
Water source
Public
Amenities
water view front porch
gas fireplace
chef's kitchen
pantry
shady patio garden
washer and dryer
Building Details
Year built
1890
Floors in Building
4
Number of units
2
Flooring type
Pine, Tile - Ceramic, Marble, Hardwood
Building materials
Plaster, Clapboard, Shingles, Wood
Listing Agency:
Residential Properties Ltd.
(508) 636-4760
Listed By:
Brian Janes · License #RES.0040878
(401) 624-7636
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 6 at 12:06AM
MLS# 1424779
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.
Built in 1890, this 2,297-square-foot property pairs a three-bedroom main residence with a legal one-bedroom apartment on the second floor. The apartment has a separate exterior entrance and could be connected to the main home to expand its living area. The main house features an open family room and kitchen, a gas fireplace, and a first-floor bedroom and full bath. An ensuite bedroom and adjoining office or sitting area occupy the third floor; the primary suite is on the second floor and includes a full bath with laundry. A front porch, balcony, deck, and patio add outdoor space.
The property occupies 0.49 acres and is zoned R-40. Public water and septic service are reported.
The property occupies 0.49 acres and is zoned R-40. Public water and septic service are reported.
Key Highlights
- Legal one‑bedroom apartment with its own exterior entrance
- 2,297‑square‑foot property on 0.49 acres
- Three‑bedroom main residence plus one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,365
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,300
$767.3K
Cap Rate 7%
$548,071
$548.1K
Cap Rate 9%
$426,278
$426.3K
Market Conditions
NOI Build-Up for 2,297 SF
Gross rent
$58.7K $25.56/SF
− Vacancy
−$3.9K −$1.70/SF
EGI
$54.8K $23.86/SF
− OpEx
−$16.4K −$7.16/SF
NOI
$38.4K $16.70/SF
Area
Newport County, RI
Vacancy
6.65%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$767,300
Cap Rate 7%
$548,071
Cap Rate 9%
$426,278
Alternative Uses
Best Use
Multifamily LT 5
$548.1K
$479.6K – $639.4K
NOI $38,365 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$487.4K
$426.5K – $568.7K
NOI $34,120 @ 7.0% cap · market cap 3.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
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Business Placement
Demographics for 02878, RI
16,359
Population
7,747
Households
2.1
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
29.1 sq mi
ZIP Area
562
Density / Sq Mi
$99,542
Median Household Income
$49,228
Median Earnings
$1,228
Median Rent
$367,400
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 - A three-bedroom Victorian residence includes a separate legal apartment with its own exterior entrance.
Where is this duplex located?
The property is located at 56 Lawton Avenue Tiverton, RI.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Legal one‑bedroom apartment with its own exterior entrance; 2,297‑square‑foot property on 0.49 acres; Three‑bedroom main residence plus one‑bedroom apartment
