Three-Unit Triplex with Separate
New
For Sale
$1,300,000
79 Franklin Street, Bristol, RI 02809
Each residence has in-unit laundry and separate utilities, including water.
Property Size3,051 SF
Price / SF$426.09
Days on Market7
Property Features for 79 Franklin Street
General Information
Standard status
Active
Size
3,051 SF
Property subtype
MultiFamily
Units
Unit Mix
1 x 5BR/2BA, 2 x 2BR/1BA
Multifamily Units
3
Amenities
in-unit laundry
Building Details
Year Built
1873
Buildings
1
Listing Agency:
Harborside Realty
(401) 253-0009
Listed By:
Deb Cordeiro-Guyette · License #REB.0016268
(401) 640-1825
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 5 at 7:13PM
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
Investment Insights
Based on property information with market context.
At 79 Franklin Street in Bristol, this 3,051-square-foot triplex contains three residences. One townhouse-style unit has five bedrooms, two full baths, and two living rooms; the other townhouse-style unit has two bedrooms and one full bath. A first-floor apartment adds two bedrooms and one bath. Laundry is provided within each unit, and utilities, including water, are separate by residence.
The 1873 property has replacement windows and updated kitchens and baths. The roof is approximately five years old. The address is described as moments from downtown Bristol restaurants, shops, the waterfront, and parks.
The 1873 property has replacement windows and updated kitchens and baths. The roof is approximately five years old. The address is described as moments from downtown Bristol restaurants, shops, the waterfront, and parks.
Key Highlights
- Three units totaling 3,051 square feet
- Unit mix: 5 bedrooms and 2 full baths; 2 bedrooms and 1 full bath; 2 bedrooms and 1 bath
- Separate utilities, including water, and in‑unit laundry for all three residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,519
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,380
$1.0M
Cap Rate 7%
$735,986
$736.0K
Cap Rate 9%
$572,433
$572.4K
Market Conditions
NOI Build-Up for 3,051 SF
Gross rent
$78.7K $25.80/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$73.6K $24.12/SF
− OpEx
−$22.1K −$7.24/SF
NOI
$51.5K $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%
$1,030,380
Cap Rate 7%
$735,986
Cap Rate 9%
$572,433
Alternative Uses
Best Use
Multifamily LT 5
$736.0K
$644.0K – $858.7K
NOI $51,519 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$661.1K
$578.5K – $771.3K
NOI $46,276 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.02M
$893.1K – $1.19M
NOI $71,451 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
686
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence has in-unit laundry and separate utilities, including water.
Where is this triplex located?
The property is located at 79 Franklin Street Bristol, RI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three units totaling 3,051 square feet; Unit mix: 5 bedrooms and 2 full baths; 2 bedrooms and 1 full bath; 2 bedrooms and 1 bath; Separate utilities, including water, and in‑unit laundry for all three residences
