4-Unit Two-Building
For Sale
$1,350,000
Pending
153 Marlborough Street, East Greenwich, RI 02818
Residential Income, East Greenwich, RI
Property Size4,517 SF
Lot Size0.14 Acres
Days on Market145
Property Features for 153 Marlborough Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 6, Bathroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 8, Bedroom 2, Bedroom 9, Bedroom 1, Bedroom 10, Basement, Bedroom 4, Bathroom 4
Parking
4
Patio and Porch features
Porch, Patio
Interior features
Wall (Dry Wall), Cathedral Ceilings, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Patio, Porch
Basement
Storage Space, Unfinished, Partial
Appliances
Dryer, Oven, Range, Refrigerator, Washer
Subdivision
Hill & Harbor
Lot features
Local Historic District
Standard status
Pending
Size
4,517 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10871
Utilities
Heating system
Natural Gas
Cooling system
Window Unit(s)
Amenities
shared stone patio
Building Details
Year built
1850
Floors in Building
3
Number of units
4
Flooring type
Hardwood
Building materials
Dry Wall, Clapboard, Shingles
Listing Agency:
Re/Max Professionals · RE/MAX International
(401) 884-6050
Listed By:
Dean Benjamin · License #B16536
(401) 965-0225
Added: May 22
Changed: Sep 26
Last Checked: Oct 13 at 11:06AM
MLS# 1413149
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.
This 4,517-square-foot quadplex comprises two buildings on a 0.14-acre lot. Each building pairs a multi-level townhouse-style unit with a single-level unit below, for four units overall. Renovations completed in 2012 included updated kitchens and bathrooms, along with replacement windows; the upper units also have hardwood floors. Lead certificates are in place. The property was built in 1850 and has a shared stone patio, a small yard, and porches.
Key Highlights
- Four units in two separate buildings on one 0.14‑acre lot
- 4,517 square feet; built in 1850
- Each building has a multi‑level unit and a single‑level unit below
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.
How Realmo checks its estimates
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 - Two structures share a parcel near Main Street shops, restaurants, and parks.
Where is this quadplex located?
The property is located at 153 Marlborough Street 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: Four units in two separate buildings on one 0.14‑acre lot; 4,517 square feet; built in 1850; Each building has a multi‑level unit and a single‑level unit below
