Two-Unit
For Sale
$519,900
595 Dry Bridge Road, North Kingstown, RI 02852
Both sides offer two bedrooms and one-and-a-half baths, with the property conveyed in as-is condition.
Property Size3,936 SF
Price / SF$132.09
Days on Market11
Property Features for 595 Dry Bridge Road
General Information
Standard status
Active
Size
3,936 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1972
Listing Agency:
Keller Williams Coastal
(401) 845-9200
Listed By:
Jeff St. Germain · License #REB.0019306
(401) 226-2148
Source:
Lockandkeyre
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 5:05AM
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 Keller Williams Coastal
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms and one-and-a-half bathrooms. Built in 1972, the property is being sold as an estate sale in as-is condition.
Highway access, shopping, and schools are nearby, and Wickford Village is a short drive away.
Highway access, shopping, and schools are nearby, and Wickford Village is a short drive away.
Key Highlights
- Two residences, each with 2 bedrooms and 1.5 baths
- Built in 1972
- Estate sale; property to be conveyed as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,476
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$949,520
$949.5K
Cap Rate 7%
$678,229
$678.2K
Cap Rate 9%
$527,511
$527.5K
Market Conditions
NOI Build-Up for 3,936 SF
Gross rent
$70.8K $18.00/SF
− Vacancy
−$3.0K −$0.77/SF
EGI
$67.8K $17.23/SF
− OpEx
−$20.3K −$5.17/SF
NOI
$47.5K $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%
$949,520
Cap Rate 7%
$678,229
Cap Rate 9%
$527,511
Alternative Uses
Best Use
Multifamily LT 5
$678.2K
$593.5K – $791.3K
NOI $47,476 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$591.9K
$517.9K – $690.5K
NOI $41,430 @ 7.0% cap · market cap 7.97%
Theoretical Best
Healthcare Medical
$786.4K
$688.1K – $917.5K
NOI $55,049 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
70
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both sides offer two bedrooms and one-and-a-half baths, with the property conveyed in as-is condition.
Where is this duplex located?
The property is located at 595 Dry Bridge Road North Kingstown, RI.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1.5 baths; Built in 1972; Estate sale; property to be conveyed as‑is
