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Duplex with Deck
New
For Sale
$519,900

595 Dry Bridge Road, North Kingstown, RI 02852

Residential Income, North Kingstown, RI

Property Size3,936 SF
Lot Size1.00 Acre
Price / SF$132.09
Days on Market4

Property Features for 595 Dry Bridge Road

General Information

Property type Residential Multi Family
Property subtype Other
Zoning VR
Bedrooms 4
Bathrooms 3
Full bathrooms 2
Half bathrooms 2
Rooms Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 2, Basement
Parking 4
Parking features None
Patio and Porch features Deck
Interior features Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features Deck
Basement Unfinished, Full
Appliances Dishwasher, Oven, Range, Refrigerator, Gas Water Heater
Subdivision Dry Bridge
Lot features Wooded
Standard status Active
Size 3,936 SF
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 5448

Utilities

Sewer type Septic Tank
Heating system Forced Air, Natural Gas
Water source Public

Building Details

Year built 1972
Floors in Building 2
Number of units 2
Flooring type Laminate, Hardwood, Carpet
Building materials Dry Wall, Other Siding
Listing Agency: Keller Williams Coastal · Keller Williams Realty
Listed By: Jeff St. Germain
Added: Oct 23 Last Checked: Oct 26 at 4:06AM
MLS# 1426729

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.

This 1972 duplex contains 3,936 square feet across two residences, each arranged with two bedrooms and one and a half bathrooms. The property occupies one acre and includes a deck. It is served by public water and a septic system, with forced-air natural gas heat and a mix of hardwood, laminate, and carpet flooring.

The property is on Dry Bridge Road in North Kingstown, with highway access, shopping, and schools nearby. Wickford Village is a short drive away. The sale is an estate sale, and the property is offered in as-is condition.

Key Highlights

  • Two residences, each with 2 bedrooms and 1.5 baths
  • 3,936 square feet on 1 acre
  • Built in 1972; includes a deck

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 (±1% cap)
NOI $47,476 @ 7.0% cap · market cap 9.13%
Second Best
Apartment 5plus
$591.9K
$517.9K – $690.5K (±1% cap)
NOI $41,430 @ 7.0% cap · market cap 7.97%
Theoretical Best
Healthcare Medical
$786.4K
$688.1K – $917.5K (±1% cap)
NOI $55,049 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

70
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Duplex - Each residence offers a two-bedroom layout with one and a half baths.
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; 3,936 square feet on 1 acre; Built in 1972; includes a deck
More about this property
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