Duplex With Natural Gas
New
For Sale
$360,000
25 Richmond Street, Bristol, RI 02809
MULTI_FAMILY - Bristol, RI
Property Size2,160 SF
Lot Size0.06 Acres
Price / SF$166.67
Days on Market6
Property Features for 25 Richmond Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Basement
Parking features
None
Basement
Unfinished, Full
Appliances
Gas Water Heater
Standard status
Active
Size
2,160 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3526
Utilities
Heating system
Steam, Natural Gas
Building Details
Year built
1900
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Added: Jul 28
Changed: Aug 1
Last Checked: Aug 2 at 4:06AM
MLS# 1419050
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 duplex at 25 Richmond Street in Bristol is built in 1900 and includes approximately 2,160 square feet of living space on a 0.06-acre lot. The interior layout features four bedrooms and two bathrooms, along with a basement. Utilities and systems include a gas water heater, and heating is provided by natural gas steam.
The property is constructed with vinyl siding. Parking is listed as none, and the home is being sold as-is, with renovations required.
Ideal for investors seeking a renovation project, this duplex is configured for residential income use and can be considered for a cash or hard money purchase.
The property is constructed with vinyl siding. Parking is listed as none, and the home is being sold as-is, with renovations required.
Ideal for investors seeking a renovation project, this duplex is configured for residential income use and can be considered for a cash or hard money purchase.
Key Highlights
- Duplex on 0.06‑acre lot at 25 Richmond Street, Bristol, RI 02809
- Approximately 2,160 SF of living space
- Four bedrooms and two bathrooms plus basement
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 | $63.5k | $29.40 |
| − Vacancy | −$3.9k | −$1.82 |
| EGI | $59.6k | $27.58 |
| − OpEx | −$26.8k | −$12.41 |
| NOI | $32.8k | $15.17 |
2,160 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$521.1K
$455.9K – $607.9K
NOI $36,474 @ 7.0% cap · market cap 10.13%
Second Best
Apartment 5plus
$468.0K
$409.5K – $546.0K
NOI $32,762 @ 7.0% cap · market cap 9.10%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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?
Duplex - Bristol duplex built in 1900 with 2 bathrooms, 4 bedrooms, a basement, and natural gas steam heat.
Where is this duplex 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: Duplex on 0.06‑acre lot at 25 Richmond Street, Bristol, RI 02809; Approximately 2,160 SF of living space; Four bedrooms and two bathrooms plus basement
