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Barrington Multifamily Investment Opportunity
For Sale
$5,500,000

187 Washington Road, Barrington, RI 02806

14-unit residential complex in desirable Barrington location.

Lot Size0.98 Acres
Days on Market384

Property Features for 187 Washington Road

General Information

Standard status Active
Lot size 0.98 Acres
Property subtype Commercial

Building Details

Year Built 2008
Listing Agency: Residential Properties Ltd.
Listed By: Eddie Rayden
Source: Liongatere
Added: Jul 15, 2025 Changed: Jul 10 Last Checked: Aug 1 at 11:58AM

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 Residential Properties Ltd.

Investment Insights

Based on property information with market context.

This 14-unit residential complex is located in Barrington, Rhode Island. The property is situated on nearly an acre and consists of four newer buildings, each containing eight high-end units. These units feature two bedrooms and 2.5 baths. An additional well-maintained building houses two units, each with two bedrooms and one bath. A recently converted brick building includes four high-end two-bedroom units; two with one bath and two with 1.5 baths. Many units have soaring ceilings, central air, in-unit washer and dryer, and off-street parking. The property is centrally located with proximity to the East Bay, Providence, and Southeastern Massachusetts, near beaches, the bike path, schools, and the town center.

Key Highlights

  • High income‑generating investment property.
  • 14‑unit residential complex in highly desirable Barrington, RI.
  • Proximity to beaches, bike path, schools, and town center.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Restaurant Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - 14-unit residential complex in desirable Barrington location.
Where is this apartment building located?
The property is located at 187 Washington Road Barrington, RI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: High income‑generating investment property.; 14‑unit residential complex in highly desirable Barrington, RI.; Proximity to beaches, bike path, schools, and town center.
More about this property
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