188 Greene Lane Middletown, RI 02842
MULTI_FAMILY - Middletown, RI
- Added:
- May 7, 2026
- Days on Market:
- 66
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 188 Greene Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Basement, Bedroom 2
- Parking
- 7
- Basement
- Unfinished, Full
- Appliances
- Electric Water Heater
- Standard status
- Pending
- Size
- 2,536 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6888
Utilities
- Sewer type
- Septic Tank
- Heating system
- Forced Air, Oil
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Year built
- 1936
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date May 7, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Fully remodeled 2‑family home with modern finishes and updated interiors.
- Brand new roof, windows, siding, decking, garage, HVAC, plumbing, and electrical systems.
- Ideally located on Aquidneck Island, minutes from Sachuest Beach and Easton's Beach.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $25.56 |
| − Vacancy | −$4.3k | −$1.70 |
| EGI | $60.5k | $23.86 |
| − OpEx | −$18.2k | −$7.16 |
| NOI | $42.4k | $16.70 |
