7-Unit Apartment
80 Briarwood Avenue, Middletown, RI 02842
For Sale
$2,500,000
Multifamily property with varied apartment layouts, off-street parking, and coastal views near Easton's Beach.
Property Size5,993 SF
Lot Size0.50 Acres
Price / SF$417.15
Days on Market54
Property Features for 80 Briarwood Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Building Details
Year Built
Listing Agency:
Williams & Stuart Real Estate
(401) 847-4800
Listed By:
Barbara Jagolinzer · License #REB.0013531
(401) 345-6666
Source:
Lockandkeyre
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 Williams & Stuart Real Estate
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 7-unit multifamily property includes a four-bedroom townhouse-style apartment, one studio, three one-bedroom apartments, and two two-bedroom apartments. The approximately 5,993-square-foot property was built in 1880 and is arranged across two adjoining lots totaling approximately 0.5 acres. Generous off-street parking and elevated views toward the beach add practical and physical appeal.
Located at 80 Briarwood Avenue in Middletown, the property is near Newport's Easton's Beach and within walking distance of St. George's School. Building services include natural gas heat, town water, and town sewer, supporting an established residential income property configuration with a broad unit mix.
Located at 80 Briarwood Avenue in Middletown, the property is near Newport's Easton's Beach and within walking distance of St. George's School. Building services include natural gas heat, town water, and town sewer, supporting an established residential income property configuration with a broad unit mix.
Key Highlights
- 7‑unit multifamily property with a varied apartment mix
- Unit mix includes one 4‑bedroom townhouse, one studio, three 1‑bedroom, and two 2‑bedroom apartments
- Approximately 5,993 square feet on two adjoining lots totaling approximately 0.5 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,020
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,400
$1.8M
Cap Rate 7%
$1,271,714
$1.3M
Cap Rate 9%
$989,111
$989.1K
Market Conditions
NOI Build-Up for 5,993 SF
Gross rent
$174.0K $29.04/SF
− Vacancy
−$12.2K −$2.03/SF
EGI
$161.9K $27.01/SF
− OpEx
−$72.8K −$12.15/SF
NOI
$89.0K $14.85/SF
Area
Newport County, RI
Vacancy
7.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,780,400
Cap Rate 7%
$1,271,714
Cap Rate 9%
$989,111
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $89,020 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $100,096 @ 7.0% cap · market cap 4.00%
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
Open Analytics
Lease Details
7
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 02842, RI
17,115
Population
8,255
Households
2.1
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
12.5 sq mi
ZIP Area
1,369
Density / Sq Mi
$97,650
Median Household Income
$47,307
Median Earnings
$1,906
Median Rent
$536,600
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?
Apartment building - Multifamily property with varied apartment layouts, off-street parking, and coastal views near Easton's Beach.
Where is this apartment building located?
The property is located at 80 Briarwood Avenue Middletown, RI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 7‑unit multifamily property with a varied apartment mix; Unit mix includes one 4‑bedroom townhouse, one studio, three 1‑bedroom, and two 2‑bedroom apartments; Approximately 5,993 square feet on two adjoining lots totaling approximately 0.5 acres
