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Two-Building Multi-Family Compound
For Sale
$1,195,000

400 Thames Street, Bristol, RI 02809

Single-lot compound with two separate buildings, each containing two rental units in Bristol’s downtown.

Property SizeContact for details
Days on Market55

Property Features for 400 Thames Street

General Information

Standard status Active
Property subtype Multi-family

Additional Details

Multifamily Units 4

Building Details

Year Built 1890
Tenancy Multi
Listing Agency: Keller Williams Coastal
Listed By: The Chris Woodard Team · License #no data
Source: Milburyre
Added: Jul 12 Changed: Sep 3 Last Checked: Sep 4 at 10:39AM

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

Investment Insights

Based on property information with market context.

This sale features a two-building multi-family compound set on a single lot, with each building containing two rental units. The property is configured as two separate multifamily houses, providing four total residential rental units within the compound.

Located in Bristol’s walkable downtown district at 400 & 406 Thames Street, the public remarks note waterfront views and Independence Park directly across the street. The same remarks also indicate convenient access to the East Bay Bike Path and close proximity to historic downtown shopping, seaside cafes, and coastal restaurants.

For buyers seeking either an investment property or an owner-occupant approach, the key functional takeaway is the split configuration of two buildings, each with two units, all assembled on one lot.

Key Highlights

  • Built in 1890 with two separate multi‑family houses on a single lot at 400 & 406 Thames Street
  • Each building has 2 rental units, for a total of 4 rental units on one property
  • Located in Bristol’s downtown area, with walkable access to historic downtown shopping and dining

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Accounting Firm Garden Center Parking Lot & Garage (Bike/Boat/Book/etc) Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

626
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Single-lot compound with two separate buildings, each containing two rental units in Bristol’s downtown.
Where is this duplex located?
The property is located at 400 Thames Street Bristol, RI.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Built in 1890 with two separate multi‑family houses on a single lot at 400 & 406 Thames Street; Each building has 2 rental units, for a total of 4 rental units on one property; Located in Bristol’s downtown area, with walkable access to historic downtown shopping and dining
More about this property
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