Mixed-Use Property with
82 East Main Road, Middletown, RI 02842
For Sale
$850,000
A two-bedroom residence and rear parking complement the commercial area in this mixed-use building.
Property Size2,932 SF
Price / SF$289.90
Days on Market12
Property Features for 82 East Main Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
RE/MAX Professionals
(401) 884-6050
Listed By:
Hilary Marshall · License #RES.0043599
(401) 787-4354
Source:
Lockandkeyre
Added: Oct 27
Changed: Nov 6
Last Checked: Nov 6 at 9:41AM
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 RE/MAX Professionals
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.
At 82 East Main Road, this 2,932-square-foot mixed-use property combines commercial space with a two-bedroom apartment. The commercial area has a layout that previously served a restaurant, while finished basement space adds additional interior area. The building was constructed in 1950.
Ten dedicated parking spaces sit behind the building. The property is on East Main Road in Middletown, with access to Newport, Portsmouth, Naval Station, nearby businesses, shopping, and residential neighborhoods.
Ten dedicated parking spaces sit behind the building. The property is on East Main Road in Middletown, with access to Newport, Portsmouth, Naval Station, nearby businesses, shopping, and residential neighborhoods.
Key Highlights
- 2,932‑square‑foot mixed‑use property
- Commercial space with a layout previously used for a restaurant
- Two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,687
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,740
$593.7K
Cap Rate 7%
$424,100
$424.1K
Cap Rate 9%
$329,856
$329.9K
Market Conditions
NOI Build-Up for 2,932 SF
Gross rent
$52.8K $18.00/SF
− Vacancy
−$5.3K −$1.80/SF
EGI
$47.5K $16.20/SF
− OpEx
−$17.8K −$6.07/SF
NOI
$29.7K $10.13/SF
Area
Newport County, RI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,740
Cap Rate 7%
$424,100
Cap Rate 9%
$329,856
Alternative Uses
Best Use
Mixed Use
$424.1K
$371.1K – $494.8K
NOI $29,687 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$699.6K
$612.1K – $816.2K
NOI $48,971 @ 7.0% cap · market cap 5.76%
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
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
716
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom residence and rear parking complement the commercial area in this mixed-use building.
Where is this mixed-use property located?
The property is located at 82 East Main Road Middletown, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,932‑square‑foot mixed‑use property; Commercial space with a layout previously used for a restaurant; Two‑bedroom apartment
