Waterfront Multifamily
For Sale
Contact for pricing
4 LAKE AVE, Tiverton, RI 02878
Waterfront setting near local beaches, marinas, dining, and coastal attractions.
Property Size1,906 SF
Price / SF$309.02
Days on Market166
Property Features for 4 LAKE AVE
General Information
Standard status
Active
Size
1,906 SF
Property subtype
Multifamily
Zoning
R-60
Building Details
Year Built
1930
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Coastal - Warwick
Listed By:
Isabel Garcia · License #RES.0035813
(401) 845-9200
Source:
Crexi
Added: May 5
Changed: Oct 2
Last Checked: Oct 16 at 8:18AM
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 Keller Williams Coastal - Warwick
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Investment Insights
Based on property information with market context.
This multifamily property at 4 Lake Ave in Tiverton, Rhode Island, offers a waterfront setting with access to the area’s coastal amenities. The property was built in 1930 and carries R-60 zoning.
Local beaches, marinas, dining, and major coastal attractions are identified nearby, combining a residential setting with access to established waterfront destinations.
Local beaches, marinas, dining, and major coastal attractions are identified nearby, combining a residential setting with access to established waterfront destinations.
Key Highlights
- Waterfront multifamily property at 4 Lake Ave, Tiverton, RI
- Built in 1930
- R‑60 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,312
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,240
$566.2K
Cap Rate 7%
$404,457
$404.5K
Cap Rate 9%
$314,578
$314.6K
Market Conditions
NOI Build-Up for 1,906 SF
Gross rent
$55.4K $29.04/SF
− Vacancy
−$3.9K −$2.03/SF
EGI
$51.5K $27.01/SF
− OpEx
−$23.2K −$12.15/SF
NOI
$28.3K $14.85/SF
Area
Newport County, RI
Vacancy
7.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,240
Cap Rate 7%
$404,457
Cap Rate 9%
$314,578
Alternative Uses
Best Use
Apartment 5plus
$404.5K
$353.9K – $471.9K
NOI $28,312 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$454.8K
$397.9K – $530.6K
NOI $31,834 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 02878, RI
16,359
Population
7,747
Households
2.1
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
29.1 sq mi
ZIP Area
562
Density / Sq Mi
$99,542
Median Household Income
$49,228
Median Earnings
$1,228
Median Rent
$367,400
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 - Waterfront setting near local beaches, marinas, dining, and coastal attractions.
Where is this multifamily property located?
The property is located at 4 LAKE AVE Tiverton, RI.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Waterfront multifamily property at 4 Lake Ave, Tiverton, RI; Built in 1930; R‑60 zoning
