4-Unit Multifamily
New
For Sale
$715,000
78 Serrel Sweet Road, Johnston, RI 02919
Residential Income, Johnston, RI
Property Size3,328 SF
Lot Size0.11 Acres
Price / SF$214.84
Days on Market6
Property Features for 78 Serrel Sweet Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Basement, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4
Parking
4
Parking features
None
Interior features
Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Storage Space, Unfinished
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Standard status
Active
Size
3,328 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Tax Year
206
Tax Annual Amount
7532
Utilities
Heating system
Natural Gas, Baseboard
Amenities
off-street parking
on-site laundry facilities
shared backyard
Building Details
Year built
1915
Floors in Building
3
Number of units
4
Flooring type
Vinyl, Hardwood, Tile - Ceramic
Building materials
Plaster, Clapboard
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Riley White
(401) 575-1285
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 25 at 1:06AM
MLS# 1426454
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.
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Investment Insights
Based on property information with market context.
Built in 1915, this 3,328-square-foot multifamily property contains four apartments on a 0.11-acre lot. The layout includes two one-bedroom, one-bathroom units and two two-bedroom, one-bathroom townhouse-style units. Kitchens and bathrooms have been updated, and the property has fire-code compliance and lead certificates.
Gas and electricity are separately metered, with tenants responsible for those utilities. On-site laundry and a shared backyard serve the residents. The property is located in Johnston, Rhode Island.
Gas and electricity are separately metered, with tenants responsible for those utilities. On-site laundry and a shared backyard serve the residents. The property is located in Johnston, Rhode Island.
Key Highlights
- Four apartments: two one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom townhouse‑style units
- 3,328 square feet on a 0.11‑acre lot
- Built in 1915; updated kitchens and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,413
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,260
$1.1M
Cap Rate 7%
$791,614
$791.6K
Cap Rate 9%
$615,700
$615.7K
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$84.7K $25.44/SF
− Vacancy
−$5.5K −$1.65/SF
EGI
$79.2K $23.79/SF
− OpEx
−$23.7K −$7.14/SF
NOI
$55.4K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,260
Cap Rate 7%
$791,614
Cap Rate 9%
$615,700
Alternative Uses
Best Use
Multifamily LT 5
$791.6K
$692.7K – $923.6K
NOI $55,413 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$628.3K
$549.7K – $733.0K
NOI $43,978 @ 7.0% cap · market cap 6.15%
Theoretical Best
—
—
same as Best Use
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
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Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Separate utility service and shared laundry support the building’s four-apartment configuration.
Where is this quadplex located?
The property is located at 78 Serrel Sweet Road Johnston, RI.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Four apartments: two one‑bedroom, one‑bathroom units and two two‑bedroom, one‑bathroom townhouse‑style units; 3,328 square feet on a 0.11‑acre lot; Built in 1915; updated kitchens and bathrooms
