Three-Unit Residential Income
4 Edna Street Johnston, RI 02919
4 Edna Street, Johnston, RI, 02919
$470,000
For Sale
$470,000
Three-unit multifamily property in good condition with ample parking and yard.
Property Size2,691 SF
Price / SF$174.66
Days on Market16
Property Features for 4 Edna Street
General Information
- Standard status
- Active
- Size
- 2,691 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1950
Listing agency
RE/MAX ADVANTAGE GROUP
Listed by
Jessica Antonelli
(401) 619-8222
Source
Teridegnan
Added: Jul 6 Updated: Jul 19 at 1:57AM Checked: Jul 20 at 6:11AM
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 residential income property is offered for sale in good condition. The building provides approximately 2,691 square feet of living space distributed among three units.
The home includes a yard and ample parking. The property configuration also allows for flexible occupancy, including the option for an owner to occupy one unit while the other units contribute rental income.
As a triplex-style multifamily investment, it presents a straightforward layout with three separate units under one property.
The home includes a yard and ample parking. The property configuration also allows for flexible occupancy, including the option for an owner to occupy one unit while the other units contribute rental income.
As a triplex-style multifamily investment, it presents a straightforward layout with three separate units under one property.
Key Highlights
- Three‑unit multifamily property built in 1950
- 2691 SF of living space across three units
- Home is described as being in good condition
Local 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 | $68.8k | $25.56 |
| − Vacancy | −$4.1k | −$1.53 |
| EGI | $64.7k | $24.03 |
| − OpEx | −$29.1k | −$10.81 |
| NOI | $35.6k | $13.21 |
2,691 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$640.1K
$560.1K – $746.8K
NOI $44,806 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$508.0K
$444.5K – $592.7K
NOI $35,560 @ 7.0% cap · market cap 7.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily property in good condition with ample parking and yard.
Where is this triplex located?
The property is located at 4 Edna Street 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 built in 1950; 2691 SF of living space across three units; Home is described as being in good condition
