Three-Unit Multifamily with Ocean
5443 Post Road Charlestown, RI 02813
New
5443 Post Road, Charlestown, RI, 02813
$1,500,000
For Sale
$1,500,000
MULTI_FAMILY - Charlestown, RI
Property Size3,560 SF
Lot Size1.59 Acres
Price / SF$421.35
Days on Market4
Property Features for 5443 Post Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3A
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Basement, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2
- Parking
- 10
- Patio and Porch features
- Patio, Deck
- Interior features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Ceiling), Insulation (Unknown), Insulation (Walls)
- Exterior features
- Deck, Patio
- Fireplace
- 1
- Basement
- Full, Unfinished
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 3,560 SF
- Lot size
- 1.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4140
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard, Oil, Electric (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Plaster, Clapboard, Shingles, Wood
Listing Agency
Ocean Roads Realty Llc
(401) 447-4148
238 Robinson Street, Wakefield, RI
Listed by
Marie Theriault
(401) 447-4148
Added: Jul 15 Checked: Jul 18 at 12:06 am
MLS# 1416738
Listing URL
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily property offers three separate residences. Unit 1 is currently owner occupied and features 2 bedrooms and 1 full bath. The kitchen, family room, and sunroom connect to a deck and patio area. Unit 2 is a second-floor layout with 3 bedrooms and 1 full bath, including a shaded deck off the family room. Unit 3 is a 1 bed, 1 bath apartment on the first level that is all electric with its own hot water tank, with deck access via the common hallway to the backyard. Each unit has a separate electrical panel.
Set on a 1.59-acre lot, the property includes a large backyard and circular driveway with space for parking and outdoor use. The home also has an attached two-car garage, along with a full unfinished basement and a storage room.
Systems and improvements noted include an OWTS high-tech 6-bed denitrification system installed in 2013, a new oil furnace for Units 1 and 2 in 2013, a roof replacement in 2013, and electric hot water tanks for Units 1 and 2 installed in 2017/2018. The property is zoned R3A.
Set on a 1.59-acre lot, the property includes a large backyard and circular driveway with space for parking and outdoor use. The home also has an attached two-car garage, along with a full unfinished basement and a storage room.
Systems and improvements noted include an OWTS high-tech 6-bed denitrification system installed in 2013, a new oil furnace for Units 1 and 2 in 2013, a roof replacement in 2013, and electric hot water tanks for Units 1 and 2 installed in 2017/2018. The property is zoned R3A.
Key Highlights
- 3‑family home (Unit 1, Unit 2, Unit 3) with ocean and salt pond views extending toward Block Island
- Each unit has a separate electrical panel; Unit 3 is all‑electric with its own hot water tank
- OWTS denitrification system installed in 2013 plus new oil furnace for Units 1 & 2 and roof replacement in 2013
Local Financial Insights For Multifamily LT 5
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 | $64.1k | $18.00 |
| − Vacancy | −$2.7k | −$0.77 |
| EGI | $61.3k | $17.23 |
| − OpEx | −$18.4k | −$5.17 |
| NOI | $42.9k | $12.06 |
3,560 SF · lease $18.00/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$613.4K
$536.8K – $715.7K
NOI $42,941 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$535.3K
$468.4K – $624.6K
NOI $37,473 @ 7.0% cap · market cap 2.50%
Theoretical Best
Healthcare Medical
$711.3K
$622.4K – $829.8K
NOI $49,790 @ 7.0% cap · market cap 3.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Destination Athlete of New ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three residential units with multiple decks and separate electric panels, plus basement space and an attached two-car garage.
Where is this triplex located?
The property is located at 5443 Post Road Charlestown, RI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3‑family home (Unit 1, Unit 2, Unit 3) with ocean and salt pond views extending toward Block Island; Each unit has a separate electrical panel; Unit 3 is all‑electric with its own hot water tank; OWTS denitrification system installed in 2013 plus new oil furnace for Units 1 & 2 and roof replacement in 2013
