Renovated Eight-Unit Apartment
23 Melrose Street, East Greenwich, RI 02818
For Sale
Contact for pricing
Updated apartments include in-unit mini-split air conditioning, stainless steel appliances, and quartz countertops.
Property Size5,100 SF
Lot Size0.19 Acres
Price / SF$558.82
Days on Market25
Property Features for 23 Melrose Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
laundry facilities
Building Details
Buildings
Stories
Listing Agency:
Horvath & Tremblay
Listed By:
Sean McHale · License RI #9584433
(401) 600-4224
Source:
Crexi
Added: Oct 19
Changed: Nov 10
Last Checked: Nov 12 at 5:48AM
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 Horvath & Tremblay
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Investment Insights
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This three-story apartment property contains eight units: one two-bedroom/two-bathroom apartment, three one-bedroom/one-bathroom apartments, and four studios. The building offers 4,550 square feet of gross living area within 5,100 square feet of gross area on a 0.19-acre parcel. A comprehensive renovation included electrical wiring, plumbing, electric heating systems, laundry machines, stairs, and flooring. Units have stainless steel appliances, quartz countertops, updated cabinetry, renovated bathrooms, and individual mini-split air conditioning. Shared features include tenant laundry facilities and two off-street parking spaces.
The property is in downtown East Greenwich, one block from Main Street (U.S. Route 1). RI Route 4 is approximately 0.6 miles away, and Interstate 95 is approximately 2.5 miles away. The location is also near Greenwich Cove and surrounding residential neighborhoods.
The property is in downtown East Greenwich, one block from Main Street (U.S. Route 1). RI Route 4 is approximately 0.6 miles away, and Interstate 95 is approximately 2.5 miles away. The location is also near Greenwich Cove and surrounding residential neighborhoods.
Key Highlights
- Eight apartments: one 2‑bedroom/2‑bathroom unit, three 1‑bedroom/1‑bathroom units, and four studios
- Three‑story building with 4,550 square feet of gross living area and 5,100 square feet of gross area
- 0.19‑acre parcel with two off‑street parking spaces
Property Analytics
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Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
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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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Market
Properties on Market for Apartment buildings in Kent County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments include in-unit mini-split air conditioning, stainless steel appliances, and quartz countertops.
Where is this apartment building located?
The property is located at 23 Melrose Street East Greenwich, RI.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Eight apartments: one 2‑bedroom/2‑bathroom unit, three 1‑bedroom/1‑bathroom units, and four studios; Three‑story building with 4,550 square feet of gross living area and 5,100 square feet of gross area; 0.19‑acre parcel with two off‑street parking spaces
