46 E Street, Bristol, RI 02809

Building Details

Year Built 1920 More

Listing Agency: Harborside Realty h***@gmail.com Show Phone

Listed By: Alaina Bruno · License RI REB.0017078 Show Phone

Source: Lockandkeyre

Added: Aug 6 Changed: Nov 8 Last Checked: Nov 10 at 8:35AM

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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 Harborside Realty

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,770

Cap Rate

4.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$775,400 $775.4K

Cap Rate 7%

$553,857 $553.9K

Cap Rate 9%

$430,778 $430.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,296 SF

Gross rent

$59.2K $25.80/SF

− Vacancy

−$3.9K −$1.68/SF

EGI

$55.4K $24.12/SF

− OpEx

−$16.6K −$7.24/SF

NOI

$38.8K $16.89/SF

Area

Bristol County, RI

Vacancy

6.50%

Lease Rate

$25.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$775,400

Cap Rate 7%

$553,857

Cap Rate 9%

$430,778

Alternative Uses

Best Use

Multifamily LT 5

$553.9K

$484.6K – $646.2K (±1% cap)

NOI $38,770 @ 7.0% cap · market cap 4.91%

Second Best

Apartment 5plus

$497.5K

$435.3K – $580.4K (±1% cap)

NOI $34,824 @ 7.0% cap · market cap 4.41%

Theoretical Best

Office A

$768.1K

$672.1K – $896.2K (±1% cap)

NOI $53,770 @ 7.0% cap · market cap 6.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Dental Office Garden Center (Bike/Boat/Book/etc) Store Accounting Firm Plumbing Service Computer & Electronic Repair

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

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

Where is this triplex located?

The property is located at 46 E Street Bristol, RI.

What is the asking price?

The asking price for this property is $789,900.