3-Unit Multifamily
For Sale
$470,000
4 Edna St, Johnston, RI 02919
Three-unit residential income property with a yard and on-site parking in Johnston, Rhode Island.
Property Size3,200 SF
Price / SF$146.88
Days on Market86
Property Features for 4 Edna St
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
RE/MAX ADVANTAGE GROUP
Listed By:
Jessica Antonelli
(401) 823-1500
Source:
Alpernandmesenbourg
Added: Jul 21
Changed: Oct 4
Last Checked: Oct 7 at 5:11PM
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 RE/MAX ADVANTAGE GROUP
Investment Insights
Based on property information with market context.
This three-unit multifamily property at 4 Edna St. in Johnston, Rhode Island, provides 2,691 square feet of living space across the units. The property size is listed at 3,200 square feet, and the building dates to 1950. A yard and on-site parking are also included.
The property is located in Johnston, RI 02919, offering a residential setting for a small multifamily asset. Its three-unit configuration may accommodate an owner-occupant arrangement alongside additional residential units, subject to applicable requirements.
The property is located in Johnston, RI 02919, offering a residential setting for a small multifamily asset. Its three-unit configuration may accommodate an owner-occupant arrangement alongside additional residential units, subject to applicable requirements.
Key Highlights
- Three‑unit multifamily property at 4 Edna St., Johnston, RI 02919
- 2,691 square feet of living space across three units
- 3,200‑square‑foot property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,286
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,720
$845.7K
Cap Rate 7%
$604,086
$604.1K
Cap Rate 9%
$469,844
$469.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$81.8K $25.56/SF
− Vacancy
−$4.9K −$1.53/SF
EGI
$76.9K $24.03/SF
− OpEx
−$34.6K −$10.81/SF
NOI
$42.3K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,720
Cap Rate 7%
$604,086
Cap Rate 9%
$469,844
Alternative Uses
Best Use
Multifamily LT 5
$761.2K
$666.0K – $888.0K
NOI $53,282 @ 7.0% cap · market cap 11.34%
Second Best
Apartment 5plus
$604.1K
$528.6K – $704.8K
NOI $42,286 @ 7.0% cap · market cap 9.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Explore this area
Business Placement
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential income property with a yard and on-site parking in Johnston, Rhode Island.
Where is this triplex located?
The property is located at 4 Edna St Johnston, RI.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Three‑unit multifamily property at 4 Edna St., Johnston, RI 02919; 2,691 square feet of living space across three units; 3,200‑square‑foot property size
