Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Four-Ranch Quadplex for Rehab Title is generated by Realmo AI

    8 Buona Vista Avenue, Johnston, RI 02919

    View on Map
    Claim this Listing
    New
    For Sale
    $459,900

    MULTI_FAMILY - Johnston, RI

    Property size:
    3,708 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $124/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 1:06 am

    Property Features for 8 Buona Vista Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 9, Basement, Bathroom 1, Bedroom 8, Bedroom 7
    Parking
    10
    Parking features
    Garage
    Basement
    Partial, Unfinished
    Appliances
    Electric Water Heater
    Standard status
    Active
    Size
    3,708 SF
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    8447

    Utilities

    Sewer type
    Cesspool
    Heating system
    Oil, Baseboard, Forced Air, Natural Gas, Electric (Heating)
    Water source
    Well

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    4
    Building materials
    Aluminum Siding

    We can help!

    Listing Contact
    Robert Rinn

    Listing agent Robert Rinn License #RES0044179

    Listing office Re/Max Professionals 655 Main Street, East Greenwich, RI

    Listing date Jun 3, 2026

    MLS# 1414339 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.

    HighLights

    • 4 separate ranches on one lot, in need of complete rehab
    • 8‑bedroom septic approval listed (cash only per remarks)
    • 9 bedrooms total across the home, plus multiple bathrooms
    • Built in 1945
    • Water source: well; sewer: cesspool
    • Garage parking; aluminum siding exterior

    Overview

    This quadplex includes four separate ranch residences on a single lot. The property is in need of complete rehab, offering a comprehensive renovation scope for an investor or contractor-led buyer. The listing indicates the property has an 8-bedroom septic approval, supporting the planned capacity for the combined uses on the site.

    The asset is offered for sale in Johnston, Rhode Island at 8 Buona Vista Avenue (Providence County). The lot size is 0.6556 acres, and the total building size is listed as 3,708 square feet. The property is described as a single-lot configuration containing four distinct ranch homes.

    This is a cash-only sale, making it a fit for buyers prepared to move quickly and self-fund the required rehabilitation. With four separate ranch units under one ownership, the property may appeal to investors looking to restore and reintroduce multiple income-producing residential layouts on one site, subject to renovation and local requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.505562
    Latitude
    41.842834

    Nearby Similar for Sale

    • $769,900
      2,736 SF

      Updated Multi-Family Property in Johnston

      Meticulously maintained 3-unit property with updates and income potential.
      129 Simmonsville Avenue, Johnston, RI 02919
      View Details
    • $439,999
      3,740 SF

      Spacious Duplex with Rental Potential

      Side-by-side duplex with strong rental potential in Johnston, RI.
      5 Mill Street, Johnston, RI 02919
      View Details
    • $575,000
      5,292 SF

      Johnston, RI Commercial Building

      Well-maintained 5,292 SF manufacturing/industrial space near major highways.
      10 Alcazar Avenue, Johnston, RI 02919
      View Details
    • $25
      1,600 SF

      Renovated Flex Space Available

      1,600 SF renovated flex space with drive-in door.
      8 Dyerville Avenue, Johnston, RI 02919
      View Details
    • $575,000
      5,292 SF

      Versatile Manufacturing/Industrial Building For Sale

      5,292 SF manufacturing/industrial space near major highways.
      10 Alcazar Avenue, Johnston, RI 02919
      View Details
    • $25
      1,900 SF

      Furnished Professional Offices For Sale

      Ready-to-operate, fully furnished offices with shared amenities in Johnston, RI.
      1312 Atwood Avenue, Johnston, RI 02919
      View Details
    • $1,000
      800 SF

      Well-Maintained Office Space For Sale

      800 sq. ft. office space in Johnston, Rhode Island.
      968 Plainfield Street, Johnston, RI 02919
      View Details
    • $949,000
      4,617 SF

      Remodeled Office Building on 1.43 Acres

      Spacious, remodeled office building with expansion potential on 1.43 acres.
      225 Putnam Pike, Johnston, RI 02919
      View Details
    • $2,000,000
      13,927 SF

      Johnston Warehouse For Sale

      13,927 sqft warehouse/industrial property in Johnston, RI.
      74 Railroad, Johnston, RI 02919
      View Details
    • $1,584,000
      5,920 SF

      NN Leased Advance Auto Parts

      NN leased Advance Auto Parts investment property in Johnston, Rhode Island.
      10 Putnam Pike, Johnston, RI 02919
      View Details
    • $999,000
      1,080 SF

      Commercial Property Near Amazon Facility

      Prime location near new Amazon and medical facilities.
      2128 Hartford Avenue, Johnston, RI 02919
      View Details
    • $225,000
      2,967 SF

      Medical Office Condo For Sale

      Medical office condominium unit with ample parking for sale.
      1524 Atwood Ave, Johnston, RI
      View Details

    FAQs

    What type of property is this?
    Quadplex - Investor quadplex on one lot, comprising four separate ranch units with an 8-bedroom septic approval.
    Where is this quadplex located?
    The property is located at 8 Buona Vista Avenue Johnston, RI.
    What is the asking price?
    The asking price for this property is $459,900.
    What are key features of this property?
    This property features: 4 separate ranches on one lot, in need of complete rehab; 8‑bedroom septic approval listed (cash only per remarks); 9 bedrooms total across the home, plus multiple bathrooms
    (401) 884-6050
    We can help!
    Listing Contact
    Robert Rinn
    Real Estate License ID: RES0044179
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 Buona Vista Avenue, Johnston, RI 02919
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!