Multi Family at 50 Bills Road, South Kingstown
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29 photos

$860,000

50 Bills Road
South Kingstown, RI 02881
Listed by David Carty
Bedrooms
4
Bathrooms
4
Living area
N/A
Year built
1900

About this home

An absolutely unique property at the heart of URI, steps from the main campus. The property consists of 2 buildings with 6 separate apartments, ample parking and outdoor space. An amazing opportunity for an investor with gross income of $68,000 in 2025 and potential for further in the future. The property has a new roof, a new driveway, a new hot water heater and is fully rented with varying lease dates. Being sold as an LLC.

Property details

MLS #
1423451
Property type
Multi Family
Subdivision
Uri-Kingston
Status
Active
Days on market
10
On market date
September 15, 2026
Stories
2
Total bathrooms
4
Garage spaces
N/A
Parking spaces
6
Lot size
0.32 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

ElementaryCharter
The Compass School
0.6 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
214
Student:teacher ratio
12.6:1
District
The Compass School
Middle
Curtis Corner Middle School
1.85 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
420
Student:teacher ratio
10.8:1
District
South Kingstown
High
South Kingstown High
3.11 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
861
Student:teacher ratio
12.0:1
District
South Kingstown

Walkability

Blended score for South Kingstown's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

79
Walkable
out of 100
EPA National Walkability Index
17.0 / 20 -- Most walkable
Google Places amenity density
70 / 100
Restaurants & cafes20
Grocery stores0
Parks3
Schools4
Transit stops15
Pharmacies0

Market position

How this listing compares to current activity in South Kingstown, from live MLS data.

On the market 10 days -- 43 fewer days than South Kingstown's current average of 53 days.
For reference, the median list price across 241 active listings in South Kingstown right now is $820,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$5,329/mo
$172,000 down
$688,000 loan
Principal & interest$4,462
Property tax (est.)$717
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 9 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.