2-Unit
New
For Sale
$499,900
691 Dry Bridge Road, North Kingstown, RI 02852
Residential Income, North Kingstown, RI
Property Size4,362 SF
Lot Size1.00 Acre
Price / SF$114.60
Days on Market4
Property Features for 691 Dry Bridge Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 2, Basement
Parking
6
Parking features
None
Interior features
Wall (Cermaic), Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished, Full
Appliances
Dishwasher, Oven, Range, Refrigerator, Gas Water Heater
Subdivision
Dry Bridge
Lot features
Wooded
Standard status
Active
Size
4,362 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5668
Utilities
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Building Details
Year built
1972
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Ceramic, Dry Wall, Brick, Vinyl Siding
Listing Agency:
Keller Williams Coastal · Keller Williams Realty
(401) 845-9200
Listed By:
Jeff St. Germain
(401) 226-2148
Added: Oct 23
Last Checked: Oct 26 at 3:06AM
MLS# 1426757
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 two-unit duplex contains 4,362 square feet on a one-acre parcel. Both residences have two bedrooms. One unit includes a full bathroom; the other has a full bathroom and a half bath. Interior finishes include ceramic and drywall walls, with laminate and carpet flooring. The property has natural gas forced-air heating and a gas water heater, along with a dishwasher, oven, range, and refrigerator. Built in 1972, it is served by a septic system and has no designated parking features.
The property is in North Kingstown, near highway access, shopping, and schools, with Wickford Village a short drive away. It is offered as an estate sale and will be sold as-is.
The property is in North Kingstown, near highway access, shopping, and schools, with Wickford Village a short drive away. It is offered as an estate sale and will be sold as-is.
Key Highlights
- Two residences, each with two bedrooms
- 4,362 square feet on a 1‑acre parcel
- Bathroom mix: one unit has a full bath; the other has a full bath and half bath
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
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
69
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, with a different bathroom configuration in each unit.
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; 4,362 square feet on a 1‑acre parcel; Bathroom mix: one unit has a full bath; the other has a full bath and half bath
