651 Main Road, Tiverton, RI
$ 1,200,000
Property Attributes
  • MLS#1343285
  • TypeMulti-Family
  • CountyNEWPORT
  • CityTiverton
  • NeighborhoodBusiness District
  • Zip02878
  • StyleMultiFamily
  • Year Built1780
  • Taxes$ 9023
  • Price$ 1,200,000
  • Bedrooms1
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage5500
  • Lot Size0.84 Acres
Data Source:
Rhode Island Statewide MLS (RIAR)
Property Description

Rare sought-after Main Road (RT 138) COMMERCIAL PROPERTY in the heart of TIVERTON'S BUSINESS DISTRICT. Excellent Condition 5,500 SF Building, plus self-supporting 1,200 SF Commercial Garage on the rear of the property. Family Owned. Almost 1-Acre with more than 35 Parking Spaces. The property has 194 feet of frontage on Main Road, and 147 feet on Pleasant Avenue. The property is air conditioned, and has updated electrical service and heating systems. There are six current/prospective lease/rental units generating approximately $100,200 in income annually. The portion of the building currently leased by a national insurance agency, is a suite which presently has 11-plus staff offices/cubicles, kitchen, storage and more. Long-term tenants occupy a first floor suite used for a wellness business, and a second floor 3-bedroom apartment unit. The Business District includes many dozens businesses such as a US Post Office, BankNewport, lumber yard/hardware company, grocery stores, gas stations, coffee shops and much more. See RI MLS# 1343210.

Price History
9/6/2023 Listed $1,200,000

General Features

Appliances Common Water Heater
Business Type Other
City Tiverton
Construction Materials Vinyl Siding
Cooling Window Unit(s), Central Air
County Newport
Electric 200+ Amp Service
Garage Spaces 4
Garage Y/N Yes
Heating Forced Air, Gas, Hot Water, Oil
Listing Agent State License REB.0016666
Lot Size Square Feet 36590
Possession Negotiable
Property SubType Multi Family
Property Type Residential Income
Sewer Septic Tank
Standard Status Active
Status Active
Street Name Main
Subdivision Name Business District
Tax Annual Amount 9023
Tax Assessed Value 605600
Tax Lot 116
Tax Year 2023
Total Rooms 1
Total Units 1
Year Built 1780

Interior Features

Above Grade Finished Area 5500
Air Conditioning Y/N Yes
Basement Exterior Entry, Full, Interior Entry, Partially Finished
Basement (Y/N) Yes
Flooring Carpet
Full Baths 1
Heating Y/N Yes
Livingareasource Public Records
Street Suffix Road
Total Baths 1
Total Bedrooms 1

Exterior Features

Building Area Total 5500
Covered Spaces 4
Frontage Length 341
Lot Size Acres 0.84
Lot Size Area 36590
Lot Size Units Square Feet
Number of Buildings 2
Parking Features Detached, Garage
Total Parking 39
Water Source Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 02878

AVG $900K
AVG $6,558
AVG 35
Data Provided by Inside Real Estate®
Year Built
AVG 1830
AVG 52
Data Provided by Walkscore® not using MLS data