As-Is Multifamily
New
For Sale
$360,000
25 Richmond Street, Bristol, RI 02809
As-is multifamily property built in 1900 requiring renovations for investors.
Property Size1,440 SF
Price / SF$250
Days on Market7
Property Features for 25 Richmond Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1900
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth
(401) 619-8222
Source:
Teridegnan
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 1 at 5:12AM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
As-is multifamily property built in 1900, offering 1,440 sq ft of living space. The property is being sold as-is and will require renovations, making it a fit for investors looking for a value-add project.
The investor package is set up for buyers using cash or hard money only. An open house/showing is scheduled for Saturday 8/1 from 10AM-12PM.
The investor package is set up for buyers using cash or hard money only. An open house/showing is scheduled for Saturday 8/1 from 10AM-12PM.
Key Highlights
- As‑is multifamily property with 1,440 sq ft of living space
- Built in 1900
- Will require renovations
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.3k | $29.40 |
| − Vacancy | −$2.6k | −$1.82 |
| EGI | $39.7k | $27.58 |
| − OpEx | −$17.9k | −$12.41 |
| NOI | $21.8k | $15.17 |
1,440 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$312.0K
$273.0K – $364.0K
NOI $21,841 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$481.8K
$421.5K – $562.1K
NOI $33,723 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
Explore this area
Business Placement
Demographics for 02809, RI
22,493
Population
9,670
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,295
Density / Sq Mi
$96,005
Median Household Income
$41,266
Median Earnings
$1,352
Median Rent
$447,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - As-is multifamily property built in 1900 requiring renovations for investors.
Where is this multifamily property located?
The property is located at 25 Richmond Street Bristol, RI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: As‑is multifamily property with 1,440 sq ft of living space; Built in 1900; Will require renovations
