Two-Unit
For Sale
$499,900
691 Dry Bridge Road, North Kingstown, RI 02852
Each residence has two bedrooms, with differing bathroom layouts across the units.
Property Size4,362 SF
Price / SF$114.60
Days on Market10
Property Features for 691 Dry Bridge Road
General Information
Standard status
Active
Size
4,362 SF
Property subtype
MultiFamily
Units
Unit Mix
1 x 2BR/1BA, 1 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: Oct 31
Last Checked: Nov 1 at 4:54AM
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 with two bedrooms. One residence has one full bathroom; the other includes a full bathroom and a half bath. The building dates to 1972 and contains 4,362 square feet.
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 being sold as is.
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 being sold as is.
Key Highlights
- Two residences, each with two bedrooms
- One unit has one full bath; the second has one full bath and one half bath
- 4,362 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,914
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,280
$918.3K
Cap Rate 7%
$655,914
$655.9K
Cap Rate 9%
$510,156
$510.2K
Market Conditions
NOI Build-Up for 4,362 SF
Gross rent
$87.4K $20.04/SF
− Vacancy
−$3.9K −$0.90/SF
EGI
$83.5K $19.14/SF
− OpEx
−$37.6K −$8.61/SF
NOI
$45.9K $10.53/SF
Area
Washington County, RI
Vacancy
4.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,280
Cap Rate 7%
$655,914
Cap Rate 9%
$510,156
Alternative Uses
Best Use
Multifamily LT 5
$751.6K
$657.7K – $876.9K
NOI $52,614 @ 7.0% cap · market cap 10.52%
Second Best
Apartment 5plus
$655.9K
$573.9K – $765.2K
NOI $45,914 @ 7.0% cap · market cap 9.18%
Theoretical Best
Healthcare Medical
$871.5K
$762.6K – $1.02M
NOI $61,007 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
69
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, with differing bathroom layouts across the units.
Where is this duplex located?
The property is located at 691 Dry Bridge Road North Kingstown, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms; One unit has one full bath; the second has one full bath and one half bath; 4,362 square feet
