CCertihomes
651 Main Rd, Tiverton, RI 02878

$990,000

2 beds 3 baths 5,550 sqft Built 17804 days on marketActive

About this home

Exceptional commercial opportunity on one of Tiverton, RI's busiest thoroughfares, ideal for visibility and accessibility. This property features 1 residential unit, 3 versatile office spaces, and a large garage unit—each offering potential for rental income. Contractors will appreciate the ample parking for vehicles and equipment, plus a climate-controlled lower walk-out unit perfect for storing materials and housing operations. Professionals such as accountants, lawyers, counselors and dentists will benefit from the high-traffic location, ensuring a steady flow of clients. Each of the 3 offices offers its own parking and separate entrances allowing 3 separate businesses to thrive without interfering with each other. Situated near vital amenities and business districts, this property combines convenience with investment potential, making it a prime choice for expanding operations and maximizing returns.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$7,939/mo

Real estate (PITI + HOA + PMI)
$6,728
Principal + interest$4,490
Property tax + insurance$1,867
PMI / 2nd mortgage$371
Utilities
$2,729
Heating + cooling$1,218
Internet + TV + phone$127
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$127
$7,939/mo TLC
Budget$8,439/mo
Remaining after TLC$500/mo
Purchase price
$990,000
Down payment
$49,500 (5%)
Loan amount
$940,500
APR
4%

Quick facts

Type
4 Family
Style
Year built
1780
Lot size
0.84 ac
Stories
6
Heating
Cooling
Water
Public
HOA
Annual tax
$9,023
MLS #
73230313
County
Newport

At a glance

Basement
Garage (1)

Home features

Interior
Office/Den
Parking
Off StreetDriveway
Sewer
Private Sewer

Lot features

Corner Lot

Neighborhood — 02878

MetricThis ZIPCountyUSA
Population15,3781,095,423299,088,112
Population Change Since19907.00%9.00%20.00%
Population Density498994
Male7,442529,266147,432,321
Female7,873566,157151,655,844
Never Married2,704266,40463,775,926
Married7,702435,678123,120,365
Separated40643,64212,639,686
Widowed1,04066,66815,467,586
Divorced93783,84323,075,029
Number Of House Hold5,620410,399111,826,380
Average House Hold Size2.722.562.60
Medial Age43.0537.2735.46
Median House Hold Income$56,780$47,553$48,276
Average House Hold Income$65,361$61,609$63,629
P C I$24,042$23,965$24,529
M D I$47,612$40,634$41,133
A T H E$52,499$49,940$50,898
S T R7.00%7.00%
W C J75.88%78.02%77.74%
(Zip) Code
2878

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 4/30/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.