Two-Unit Duplex with
New
For Sale
$565,000
135 Marlborough Street, East Greenwich, RI 02818
Residential Income, East Greenwich, RI
Property Size1,644 SF
Lot Size0.06 Acres
Price / SF$343.67
Days on Market2
Property Features for 135 Marlborough Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Basement, Bedroom 3, Bathroom 2, Bedroom 4
Parking
2
Window features
Skylight(s)
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Exterior features
Deck
Basement
Unfinished, Partial
Appliances
Dryer, Refrigerator, Washer
Subdivision
Hill & Harbor
Lot features
Local Historic District, Fenced
Standard status
Active
Size
1,644 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6948
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Amenities
in-unit laundry
hardwoods
deck
yard
Building Details
Year built
1850
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Dry Wall, Clapboard, Shingles, Wood
Listing Agency:
Re/Max Professionals · RE/MAX International
(401) 884-6050
Listed By:
Dean Benjamin · License #B16536
(401) 965-0225
Added: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 1426210
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.
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Investment Insights
Based on property information with market context.
This 1,644-square-foot duplex contains two apartments, each with two bedrooms and one bathroom. The first-floor unit has high ceilings, a double parlor, an updated kitchen, and in-unit laundry. Upstairs, the second apartment features an open layout, hardwood floors, and a deck. Both units have updated forced-air systems and hot water tanks, along with separate 100-amp electrical service. Lead certificates are in place.
The 0.06-acre property includes off-street parking, a two-car garage, and a small shared yard. Main Street shops, restaurants, and parks are one block away.
The 0.06-acre property includes off-street parking, a two-car garage, and a small shared yard. Main Street shops, restaurants, and parks are one block away.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,644 square feet on a 0.06‑acre lot
- Two‑car garage plus off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,887
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,740
$477.7K
Cap Rate 7%
$341,243
$341.2K
Cap Rate 9%
$265,411
$265.4K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$36.5K $22.20/SF
− Vacancy
−$2.4K −$1.44/SF
EGI
$34.1K $20.76/SF
− OpEx
−$10.2K −$6.23/SF
NOI
$23.9K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,740
Cap Rate 7%
$341,243
Cap Rate 9%
$265,411
Alternative Uses
Best Use
Multifamily LT 5
$341.2K
$298.6K – $398.1K
NOI $23,887 @ 7.0% cap · market cap 4.23%
Second Best
Apartment 5plus
$313.5K
$274.3K – $365.7K
NOI $21,944 @ 7.0% cap · market cap 3.88%
Theoretical Best
Specialty Retail
$411.8K
$360.3K – $480.4K
NOI $28,823 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 02818, RI
19,907
Population
8,623
Households
2.3
Avg Household Size
45
Median Age
63%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
939
Density / Sq Mi
$120,952
Median Household Income
$72,985
Median Earnings
$1,384
Median Rent
$564,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments provide two bedrooms and one bath, with separate 100-amp electrical service.
Where is this duplex located?
The property is located at 135 Marlborough Street East Greenwich, RI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,644 square feet on a 0.06‑acre lot; Two‑car garage plus off‑street parking
