$1,399,000

42 Main Rd Tiverton, RI 02878

$10,000
Closing credit¹
6 beds
2 full, 2 partial
0.6 acres
Multi-Family

Property details

About 42 Main Rd

42-46 Main Road offers a rare opportunity to acquire a large, mixed-use commercial and residential building located in the heart of Tiverton, RI. Boasting a total usable space of approximately 20,000 square feet, including an oversized basement with high ceilings, this property offers significant potential for both investors and owner-occupiers. The building includes two commercial units on the first floor (currently vacant) and three spacious residential apartments on the upper floors. With numerous updates underway and new roofing being delivered at sale, the property is primed for immediate use or further development. Property Details: Total Square Footage (Including Basement): ~22,000 SF Total leasable square footage (GLA) 20,000 SF Residential Units: 3 (1) Oversized 4-bedroom apartment (2) Large 2-bedroom apartments Commercial Units: 2 (First Floor, Vacant) Lot Size: 0.601 Acres Ceiling Heights: Oversized throughout, including basement Zoning: General Commercial / Mixed Use Recent & Planned Updates New/Updated Roofing to be completed prior to sale Existing fire alarm system rough-in completed Ongoing cleanup and cosmetic improvements Strong Upside Potential: Nearby comparable properties are listed at $110-$213/SF. This property is currently priced at just $98/SF, offering room for appreciation.

Highlights

Home typeMulti Family
HeatingCentral, Natural Gas
StatusActive
CoolingHeat Pump
BasementYes
Lot size0.6 Acres
Year built1949
ParkingNo Garage
MLS #1384692

Summary

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Appliances: Dryer, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Carpet
  • Interior: Attic, Bathtub, Cathedral Ceiling(s), High Ceilings, Stall Shower, Tub Shower, Vaulted Ceiling(s), Cable TV
  • Total Bedroom Count: 6
  • Parking: No Garage
  • Heating: Central, Natural Gas
  • Cooling: Heat Pump
  • List Price: $1,399,000
  • Annual Tax Amount: $9,357
  • Tax Year: 2024
  • Year Built: 1949
  • Lot Size: 0.6 Acres
  • MLS Number: 1384692
  • MLS Name: RIS
  • Office Name: The Greene Realty Group
  • Office Phone: (860) 560-1006

Disclaimer: The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than this broker are marked with the MLS logo and detailed information about them includes the name of the listing brokers. The purchase price of housing stock as shown on this website may vary depending on factors such as fees, commissions, price negotiations, home inspection results, market conditions, etc. This website in no way warrants or represents that submitting an offer to purchase a property for the list price will result in a sale at that price. Please consult with your REALTOR® to discuss how these variations may affect your real estate transaction. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable, but is neither guaranteed nor independently verified. Interested parties must make their own inquiries. Copyright © 2025 State-Wide MLS, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2025, 10:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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42 Main Rd, Tiverton, RI 02878 - view of front of home featuring brick siding

$1,399,000

42 Main Rd

$10,000

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jan 11, 1995
Home Sold
$75,000

Tax history

YearAssessmentProperty Tax
2024$846,800$9,357
2023$483,900$7,210
2022$483,900$6,479
2021$483,900$6,305
2020$247,200$4,002
2019$247,200$3,903

History based on county public records data.

Nearby schools

8

Pocasset Elementary school

Public District KG-4

0.4 mi

242 Main Rd

3

Carlton M. Viveiros Elementary School

Public District KG-5

1.1 mi

525 Slade St

3

Letourneau Elementary School

Public District PK-5

1.5 mi

323 Anthony St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $45,650. Typical income of Tiverton, RI residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

36%
<35k
48%
35k-100k
13%
100k-200k
3%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

45%
Single, No Kids
16%
Single, with Kids
23%
Married, No Kids
16%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
7%
12-17 yrs old
21%
18-34 yrs old
40%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • Figure SkatingFigure Skating
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Chico'sChico's
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Bob EvansBob Evans
  • White CastleWhite Castle

What do the neighbors drive?

  • MazdaMazda
  • OldsmobileOldsmobile
  • BuickBuick

What do the neighbors listen to?

  • RockRock
  • NewsNews
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Tiverton, RI

Transportation in Tiverton includes a combination of private vehicle use and public transit options, with local bus services connecting residents to key areas within the town and neighboring communities. The town's layout encourages driving, with well-maintained roads and easy access to major highways for commuting. While ride-sharing services are available, the town also supports a modest level of walkability in its more densely populated areas, with efforts to improve pedestrian pathways.

The community is served by a network of public schools, including several elementary schools, a middle school, and a high school, as well as a few private educational institutions. Healthcare services are accessible, with local clinics and nearby hospitals providing a range of medical care. The town also features a public library, and residents enjoy a variety of local shops and restaurants that reflect the coastal New England cuisine and culture.

Tiverton maintains a serene, small-town atmosphere with a strong sense of community. The town is celebrated for its scenic coastal views and access to outdoor activities, including boating and fishing. Local events, such as the annual arts festival, highlight the town's cultural vibrancy and community engagement. Tiverton prides itself on its tranquil environment and the preservation of its historical charm.

Tiverton's housing market is characterized by a mix of residential options, with single-family homes being the most prevalent, reflecting a blend of colonial, cape cod, and contemporary architectural styles. The market is balanced with a selection of condominiums and townhouses, offering alternatives to traditional detached homes. The area's construction history is diverse, with many homes dating back to the mid-20th century, while newer developments offer modern amenities.

About 42 Main Rd

This home is located at 42 Main Rd in Tiverton, RI and zip code 02878. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $1,399,000.

In April 2025 more than 6 listings in Tiverton, RI were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 12 were sold below. The number of listings in Tiverton, RI increased by 9.6% between March and April 2025. In April 2025 median list price was $482,500 and the average listing age was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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