Renovated Two-Building
For Sale
$1,350,000
153 Marlborough St, East Greenwich, RI 02818
Four residential units across two structures offer a mix of multi-level and single-level layouts with shared outdoor space.
Property Size4,517 SF
Price / SF$298.87
Days on Market78
Property Features for 153 Marlborough St
General Information
Standard status
Active
Size
4,517 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
shared stone patio
Building Details
Year Built
1850
Year Renovated
2012
Buildings
2
Listing Agency:
RE/MAX Professionals
Listed By:
Dean Benjamin · License #B16536
(401) 884-6050
Source:
Alpernandmesenbourg
Added: Jul 21
Changed: Sep 5
Last Checked: Oct 5 at 11:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Professionals
Investment Insights
Based on property information with market context.
This quadplex includes four residential units distributed between two buildings on one lot. The property measures 4,517 square feet and dates to 1850, with renovations completed in 2012. Improvements included updated kitchens, bathrooms, and replacement windows; upper-level units also feature hardwood flooring. Each structure combines a multi-level townhouse-style residence with a single-level unit below, creating varied layouts within the property. Lead certificates are in place.
A shared stone patio, small yard, and off-street parking serve the property. Main Street shops, restaurants, and parks are located approximately one block away. The property has a documented lease history and is positioned for a new ownership transition.
A shared stone patio, small yard, and off-street parking serve the property. Main Street shops, restaurants, and parks are located approximately one block away. The property has a documented lease history and is positioned for a new ownership transition.
Key Highlights
- 4,517 SF quadplex with 4 residential units
- Two buildings situated on 1 lot
- Renovated in 2012 with updated kitchens, bathrooms, and replacement windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,632
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,640
$1.3M
Cap Rate 7%
$937,600
$937.6K
Cap Rate 9%
$729,244
$729.2K
Market Conditions
NOI Build-Up for 4,517 SF
Gross rent
$100.3K $22.20/SF
− Vacancy
−$6.5K −$1.44/SF
EGI
$93.8K $20.76/SF
− OpEx
−$28.1K −$6.23/SF
NOI
$65.6K $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%
$1,312,640
Cap Rate 7%
$937,600
Cap Rate 9%
$729,244
Alternative Uses
Best Use
Multifamily LT 5
$937.6K
$820.4K – $1.09M
NOI $65,632 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$861.3K
$753.7K – $1.00M
NOI $60,293 @ 7.0% cap · market cap 4.47%
Theoretical Best
Specialty Retail
$1.13M
$989.9K – $1.32M
NOI $79,192 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units across two structures offer a mix of multi-level and single-level layouts with shared outdoor space.
Where is this quadplex located?
The property is located at 153 Marlborough St East Greenwich, RI.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 4,517 SF quadplex with 4 residential units; Two buildings situated on 1 lot; Renovated in 2012 with updated kitchens, bathrooms, and replacement windows
