Multi-Building Apartment
For Sale
$4,975,000
185 Washington Road, Barrington, RI 02806
Residential Income, Barrington, RI
Property Size18,938 SF
Lot Size1.01 Acres
Price / SF$262.70
Days on Market49
Property Features for 185 Washington Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
28
Bathrooms
28
Full bathrooms
22
Half bathrooms
12
Rooms
Bedroom 20, Bathroom 18, Bedroom 16, Bedroom 2, Bedroom 18, Bedroom 12, Bathroom 14, Bedroom 27, Basement, Bedroom 23, Bathroom 13, Bedroom 19, Bathroom 6, Bedroom 21, Bathroom 1, Bedroom 22, Bedroom 28, Bathroom 7, Bedroom 26, Bathroom 11, Bedroom 3, Bedroom 11, Bathroom 22, Bedroom 10, Bathroom 4, Bedroom 6, Bathroom 2, Bathroom 17, Bedroom 1, Bathroom 9, Bedroom 9, Bathroom 23, Bedroom 24, Bedroom 13, Bedroom 25, Bathroom 12, Bathroom 20, Bathroom 15, Bathroom 8, Bedroom 14, Bathroom 10, Bedroom 5, Bathroom 21, Bedroom 17, Bathroom 19, Bedroom 4, Bedroom 15, Bathroom 3, Bathroom 5, Bedroom 7, Bathroom 16, Bedroom 8
Parking
31
Parking features
None
Interior features
Stairs
Basement
Unfinished, Full
Appliances
Gas Water Heater
Subdivision
Haines Park
Standard status
Active
Size
18,938 SF
Lot size
1.01 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
48750
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Baseboard, Natural Gas
Cooling system
Ductless, Central Air
Amenities
central air/mini-splits
in-unit laundry
high ceilings
dedicated off-street parking
Building Details
Year built
2008
Number of units
3
Flooring type
Laminate, Hardwood, Tile - Ceramic
Building materials
Brick, Vinyl Siding
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Stephen Gaskin · License #RES.0048283
(508) 991-0151
Added: Aug 26
Changed: Sep 13
Last Checked: Oct 13 at 4:06PM
MLS# 1419484
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 apartment property comprises 14 units distributed among six separate buildings on a 1.0106-acre site. The configuration includes a four-unit brick building, a two-family residence, and four townhouse-style duplex buildings. The 18,938-square-foot property was built in 2008 and includes primarily two-bedroom residences, with features that include hardwood, ceramic tile, and laminate flooring, natural-gas heating, central air, ductless systems, and gas water heaters. Public sewer serves the property.
Located at 185 Washington Road in Barrington, the asset is near the town center, waterfront, East Bay Bike Path, schools, and everyday amenities. Its setting provides access to Providence, the greater East Bay, and Southeastern Massachusetts. The multi-building arrangement creates distinct residential structures within one apartment property, including brick and vinyl-sided construction and townhouse-style layouts.
Located at 185 Washington Road in Barrington, the asset is near the town center, waterfront, East Bay Bike Path, schools, and everyday amenities. Its setting provides access to Providence, the greater East Bay, and Southeastern Massachusetts. The multi-building arrangement creates distinct residential structures within one apartment property, including brick and vinyl-sided construction and townhouse-style layouts.
Key Highlights
- 14 units across six separate buildings
- 1.0106‑acre site with 18,938 square feet of property area
- Configuration includes a four‑unit brick building, a two‑family residence, and four duplex buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,241
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,744,820
$5.7M
Cap Rate 7%
$4,103,443
$4.1M
Cap Rate 9%
$3,191,567
$3.2M
Market Conditions
NOI Build-Up for 18,938 SF
Gross rent
$556.8K $29.40/SF
− Vacancy
−$34.5K −$1.82/SF
EGI
$522.3K $27.58/SF
− OpEx
−$235.0K −$12.41/SF
NOI
$287.2K $15.17/SF
Area
Bristol County, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,744,820
Cap Rate 7%
$4,103,443
Cap Rate 9%
$3,191,567
Alternative Uses
Best Use
Apartment 5plus
$4.10M
$3.59M – $4.79M
NOI $287,241 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.34M
$5.54M – $7.39M
NOI $443,506 @ 7.0% cap · market cap 8.91%
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
14
Residential units
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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Business Placement
Demographics for 02806, RI
17,153
Population
6,341
Households
2.7
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
8.2 sq mi
ZIP Area
2,092
Density / Sq Mi
$150,542
Median Household Income
$76,040
Median Earnings
$1,794
Median Rent
$591,700
Median Home Value
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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?
Apartment building - Fourteen residential units across six buildings with varied layouts and a mix of central air and ductless cooling.
Where is this apartment building located?
The property is located at 185 Washington Road Barrington, RI.
What is the asking price?
The asking price for this property is $4,975,000.
What are key features of this property?
This property features: 14 units across six separate buildings; 1.0106‑acre site with 18,938 square feet of property area; Configuration includes a four‑unit brick building, a two‑family residence, and four duplex buildings
