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Caldwell Realty

Caldwell Realty

North Kingston, RI 02852

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Listing 6 out of 152
Sold for $558,450 Sold

63 Shady Lea Rd
North Kingstown, RI 02852

4 units | Multi Family Home
14780 sq ft lot - MLS# 1223404
Property Photo


Sold for $558,450 on Jul 1, 2019


Exceptional and rare 4-Unit Multifamily residential building in a great NK location on Shady Lea Rd. All four units are currently occupied with quality long term tenants. This property is a great investment opportunity for immediate cash flow with lots of room to increase rents going forward. ($53,100.00 annual rental income currently). All tenants are on month-to-month leases. The building is mostly turn key as three of the four units have already been updated. Completed in the last few years: new roof, new vinyl siding, hardwood floors refinished, new double-pane double-hung energy efficient windows, chimney re-pointed, etc. Rare offering in North Kingstown!


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Sold
  • Listing Price: $569,000
  • County/Area: Washington County
  • Zip Code: 02852
  • Year Built: 1850
  • Subdivision/Neighborhood: Shady Lea
  • Style: Side/Side,Up/Down
  • Total Rooms: 21
  • Units: 4 units
  • Bedrooms: 9
  • Full Baths: 4
  • Basement: Interior and Exterior, Unfinished, Full
  • Lot Size: 14780 sq ft lot
  • Baths: 4
  • Approx Lot Square Foot: 14782.0000
  • Bath Description: Bath W Tub & Shower
  • Electric: 200 Amps
  • Equipment: Alarm Owned, Oven/Range, Refrigerator
  • Exterior: Vinyl Siding
  • Finished Floor: Hardwood, Parquet
  • Foundation Type: Mixed
  • Heat Paid By: Tenant
  • Heating Fuel: Oil
  • Heating Fuel Usage: 400 - 800 Gals
  • Heating System: Forced Air, Forced Water
  • Hot Water: Gas
  • Insulation: Ceiling, Walls
  • Last Change Type: Sold
  • Laundry: Yes
  • Main Type: 2-4 Units Multi Family
  • Near: Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Marina, Private School, Public School, Railroad
  • Num Basement Rooms: 4
  • Number Of Buildings: 1
  • Number Of Heat Systems: 4
  • Number Of Levels: 3
  • Onsite Parking Spaces: 10
  • Owner Annual Expenses: 8710.0000
  • Owner Annual Income: 53100
  • Plumbing: Mixed
  • Selling Agent: Ryan Hazinakis
  • Selling Office: Keller Williams Rlty Newport
  • Sewer: Septic System
  • Total Parking Spaces: 10
  • Unit Count: 4
  • Unit Ttl Bedrms MFM: 9
  • Unit Ttl Full Baths MFM: 4
  • Unit Ttl Rent MFM: 4425
  • Wall: Plaster
  • Water Supply: Connected
  • Sold Price: 558450.00
  • Sold Date: 2019-07-01
Listed by: Keller Williams N. Kingstown

Caldwell Realty
6500 Port Rd.
North Kingstown, RI 02852
Phone: 401-837-2518


Nathan help my wife and I through multiple real estate transactions, Nate is professional with a true genuine concern to provide the best possible service to his clients. Always available to assist with questions and concerns. His in debt knowledge of home values, legal issues, financing and  complex multiple real estate action coordination far exceed my expectations. Highly recommend Nathan you will not be disappointed.  pwc02915
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