Seven-Unit Apartment
80 Briarwood Avenue, Middletown, RI 02842
For Sale
$2,500,000
Commercial/Business,Commercial Sale, Middletown, RI
Property Size5,993 SF
Lot Size0.46 Acres
Price / SF$417.15
Days on Market54
Property Features for 80 Briarwood Avenue
General Information
Property type
Property subtype
Zoning
Rooms
Parking
Interior features
Basement
Subdivision
Lot features
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Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Number of units
Listing Agency:
Williams & Stuart Real Estate
(401) 847-4800
Listed By:
Barbara Jagolinzer · License #REB.0013531
(401) 345-6666
Added: Sep 17
Changed: Oct 27
Last Checked: Nov 9 at 6:06AM
MLS# 1423293
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.
This 7-unit multifamily property comprises a four-bedroom townhouse-style apartment, one studio, three one-bedroom apartments, and two two-bedroom apartments. The 5,993-square-foot property includes basement space, window-unit cooling, central and zoned natural-gas heating, and ceiling heights ranging from 7 to 9 feet. Public water and sewer serve the building, which was constructed in 1880.
The property occupies two adjoining lots totaling 0.46 acres at 80 Briarwood Avenue in Middletown. It offers off-street parking and elevated views toward the beach, with Easton's Beach nearby and St. George's School within walking distance. The site is zoned R-10 and is located in Newport County.
The property occupies two adjoining lots totaling 0.46 acres at 80 Briarwood Avenue in Middletown. It offers off-street parking and elevated views toward the beach, with Easton's Beach nearby and St. George's School within walking distance. The site is zoned R-10 and is located in Newport County.
Key Highlights
- 7‑unit multifamily property with a four‑bedroom townhouse, studio, three one‑bedroom units, and two two‑bedroom units
- 5,993 square feet on two adjoining lots totaling 0.46 acres
- R‑10 zoning at 80 Briarwood Avenue, Middletown, RI 02842
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.
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Property Analytics
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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
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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 public water and sewer service.
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 four‑bedroom townhouse, studio, three one‑bedroom units, and two two‑bedroom units; 5,993 square feet on two adjoining lots totaling 0.46 acres; R‑10 zoning at 80 Briarwood Avenue, Middletown, RI 02842
