7-Unit Apartment
New
For Sale
$2,500,000
80 Briarwood Avenue, Middletown, RI 02842
Residential Income, Middletown, RI
Property Size5,993 SF
Lot Size0.46 Acres
Price / SF$417.15
Days on Market2
Property Features for 80 Briarwood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-10
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 1, Basement, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 3, Bathroom 4, Bedroom 1, Bedroom 6
Parking
14
Parking features
None
Patio and Porch features
Deck
Interior features
Plumbing (Mixed), Insulation (Unknown)
Exterior features
Deck
Basement
Unfinished, Full
Appliances
Microwave, Oven, Range, Refrigerator, Gas Water Heater
Subdivision
Easton's Point
Lot features
Paved
View
Water
Standard status
Active
Size
5,993 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
17845
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Central, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1880
Number of units
4
Flooring type
Vinyl, Carpet, Laminate, Tile - Ceramic
Listing Agency:
Williams & Stuart Real Estate
(401) 847-4800
Listed By:
Barbara Jagolinzer
(401) 345-6666
Added: Oct 27
Last Checked: Oct 28 at 3:06AM
MLS# 1427109
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 apartment property contains a townhouse-style four-bedroom unit, one studio, three one-bedroom apartments, and two two-bedroom apartments. The building measures 5,993 square feet and dates to 1880. R-10 zoning, a deck, natural gas heating, town water, and public sewer are among its recorded features.
The 0.46-acre property at 80 Briarwood Avenue is near Easton's Beach and within walking distance of St. George's School. Its Middletown setting also provides access to Newport-area attractions.
The 0.46-acre property at 80 Briarwood Avenue is near Easton's Beach and within walking distance of St. George's School. Its Middletown setting also provides access to Newport-area attractions.
Key Highlights
- Seven apartments: one four‑bedroom townhouse, one studio, three one‑bedroom units, and two two‑bedroom units
- 5,993‑square‑foot building constructed in 1880
- 0.46‑acre property zoned R‑10
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
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied apartment mix occupies a 0.46-acre Middletown property served by natural gas heat, town water, and public sewer.
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: Seven apartments: one four‑bedroom townhouse, one studio, three one‑bedroom units, and two two‑bedroom units; 5,993‑square‑foot building constructed in 1880; 0.46‑acre property zoned R‑10
