Three-Unit Ocean View
For Sale
$1,450,000
5443 Post Rd, Charlestown, RI 02813
Three separate residential units with decks, circular driveway parking, and ocean and salt pond views.
Property Size3,560 SF
Price / SF$407.30
Days on Market93
Property Features for 5443 Post Rd
General Information
Standard status
Active
Size
3,560 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
3
Building Details
Year Built
1950
Listing Agency:
Ocean Roads Realty LLC
Listed By:
Marie Theriault
(401) 789-2255
Source:
Alpernandmesenbourg
Added: Jul 20
Changed: Oct 8
Last Checked: Oct 7 at 3:35PM
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 Ocean Roads Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit triplex offers three separate residences with multiple decks and strong water-facing sightlines. Unit 1 is currently owner occupied with two bedrooms and one full bath, with views from the kitchen, family room, and sunroom; the sunroom opens to an outdoor deck and patio area. Unit 2 features three bedrooms and one full bath and includes family-room access to a large shaded deck. Unit 3 is a one-bedroom, one-bath apartment with direct deck access via the common hallway and backyard.
The property includes a full unfinished basement, plus a storage room that leads to an attached two-car garage. Each unit has its own electrical panel. The OWTS is a high-tech 6-bed denitrification system installed in 2013, along with a new oil furnace for Units 1 and 2 and a roof replacement in 2013. Electric hot water tanks for Units 1 and 2 were installed in 2017/2018.
Set up with a large backyard and circular driveway for parking and gatherings, the home is positioned for access to nearby beaches and South County destinations, with easy routes to URI, Providence, Boston, and New York.
The property includes a full unfinished basement, plus a storage room that leads to an attached two-car garage. Each unit has its own electrical panel. The OWTS is a high-tech 6-bed denitrification system installed in 2013, along with a new oil furnace for Units 1 and 2 and a roof replacement in 2013. Electric hot water tanks for Units 1 and 2 were installed in 2017/2018.
Set up with a large backyard and circular driveway for parking and gatherings, the home is positioned for access to nearby beaches and South County destinations, with easy routes to URI, Providence, Boston, and New York.
Key Highlights
- 3‑family home (built 1950) with ocean and salt pond views extending to Block Island
- Unit mix: Unit 1 (2 beds/1 full bath), Unit 2 (3 beds/1 full bath), Unit 3 (1 bed/1 bath)
- OWTS high‑tech 6‑bed denitrification system installed in 2013 plus new oil furnace (Units 1 & 2) and roof in 2013
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,941
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,820
$858.8K
Cap Rate 7%
$613,443
$613.4K
Cap Rate 9%
$477,122
$477.1K
Market Conditions
NOI Build-Up for 3,560 SF
Gross rent
$64.1K $18.00/SF
− Vacancy
−$2.7K −$0.77/SF
EGI
$61.3K $17.23/SF
− OpEx
−$18.4K −$5.17/SF
NOI
$42.9K $12.06/SF
Area
Washington County, RI
Vacancy
4.27%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$858,820
Cap Rate 7%
$613,443
Cap Rate 9%
$477,122
Alternative Uses
Best Use
Multifamily LT 5
$613.4K
$536.8K – $715.7K
NOI $42,941 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$535.3K
$468.4K – $624.6K
NOI $37,473 @ 7.0% cap · market cap 2.58%
Theoretical Best
Healthcare Medical
$711.3K
$622.4K – $829.8K
NOI $49,790 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Explore this area
Business Placement
Demographics for 02813, RI
8,021
Population
5,334
Households
1.5
Avg Household Size
53
Median Age
42%
College-Educated
94%
High-School Grad
36.7 sq mi
ZIP Area
219
Density / Sq Mi
$103,147
Median Household Income
$53,783
Median Earnings
$1,499
Median Rent
$467,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residential units with decks, circular driveway parking, and ocean and salt pond views.
Where is this triplex located?
The property is located at 5443 Post Rd Charlestown, RI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 3‑family home (built 1950) with ocean and salt pond views extending to Block Island; Unit mix: Unit 1 (2 beds/1 full bath), Unit 2 (3 beds/1 full bath), Unit 3 (1 bed/1 bath); OWTS high‑tech 6‑bed denitrification system installed in 2013 plus new oil furnace (Units 1 & 2) and roof in 2013
