Multifamily Renovation
For Sale
$360,000
Pending
25 Richmond Street, Bristol, RI 02809
Bristol multifamily asset offered as-is with renovation work required before occupancy or repositioning.
Property Size2,160 SF
Days on Market81
Property Features for 25 Richmond Street
General Information
Standard status
Pending
Size
2,160 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
will require renovations
Building Details
Year Built
1900
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Source:
Foreverhomesrealestate
Added: Jul 30
Changed: Oct 6
Last Checked: Oct 16 at 5:54AM
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
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Investment Insights
Based on property information with market context.
This multifamily property includes 1,440 square feet of living space and dates to 1900. The building is being offered in its current condition and requires renovations, creating a project-oriented acquisition for a buyer prepared to complete the necessary work.
Located at 25 Richmond Street in Bristol, Rhode Island, the property is offered for sale with cash or hard money financing required. The scheduled showing is Saturday, 8/1, from 10AM to 12PM.
Located at 25 Richmond Street in Bristol, Rhode Island, the property is offered for sale with cash or hard money financing required. The scheduled showing is Saturday, 8/1, from 10AM to 12PM.
Key Highlights
- 1,440 square feet of living space
- 1900 construction year
- Property is being sold as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,762
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,240
$655.2K
Cap Rate 7%
$468,029
$468.0K
Cap Rate 9%
$364,022
$364.0K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$63.5K $29.40/SF
− Vacancy
−$3.9K −$1.82/SF
EGI
$59.6K $27.58/SF
− OpEx
−$26.8K −$12.41/SF
NOI
$32.8K $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%
$655,240
Cap Rate 7%
$468,029
Cap Rate 9%
$364,022
Alternative Uses
Best Use
Apartment 5plus
$468.0K
$409.5K – $546.0K
NOI $32,762 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$722.6K
$632.3K – $843.1K
NOI $50,585 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
610
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Bristol multifamily asset offered as-is with renovation work required before occupancy or repositioning.
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: 1,440 square feet of living space; 1900 construction year; Property is being sold as‑is
