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Historic Tavern with Apartment Income

91 Duke East Greenwich, RI 02818

91 Duke, East Greenwich, RI, 02818

$1,750,000

For Sale

$1,750,000

East Greenwich investment property featuring a tavern and apartments.

Property Size5,557 SF

Price / SF$314.92

AddedMay 27

Days on Market50

Last RefreshMay 27 at 7:22 am

Property Features for 91 Duke

General Information

Standard status: Active
Size: 5,557 SF
Property subtype: Commercial

Building Details

Year Built: 1890

Listing office BHHS COMMONWEALTH REAL ESTATE

Listing date May 27, 2026

Source Corcoran

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 BHHS COMMONWEALTH REAL ESTATE

Investment Insights

Based on property information with market context.

This investment property features two buildings, including a tavern that has been part of East Greenwich since 1896. The offering includes the business, fixtures, and five fully rented apartments. Located on the corner of Duke and Queen streets in the Historic Hill and Harbor district, the property also includes a rentable detached two-car garage. The property size is 5557 square feet. Possible redevelopment or larger scale hospitality opportunity.

Key Highlights

Historic Tavern Business: Includes The Oaks Tavern, a well‑established business operating since 1896.
Prime Location: Situated in the highly desirable Historic Hill and Harbor district of East Greenwich.
Income‑Generating Apartments: Features five fully rented apartments across two buildings.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$133.4k	$24.00
− Vacancy	−$3.5k	−$0.62
EGI	$129.9k	$23.38
− OpEx	−$32.5k	−$5.84
NOI	$97.4k	$17.53

5,557 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$1.39M

$1.22M – $1.62M (±1% cap)

NOI $97,425 @ 7.0% cap · market cap 5.57%

Second Best

Apartment 5plus

$1.06M

$927.2K – $1.24M (±1% cap)

NOI $74,175 @ 7.0% cap · market cap 4.24%

Theoretical Best

—

same as Best Use

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Bars & Pubs

Suggested Use

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Similar Off Market Nearby

The Oaks Tavern — 103 Duke St, East Greenwich, RI 02818
The Oaks — 103 Duke St, East Greenwich, RI 02818
LowKey — 205 Main St, East Greenwich, RI 02818
Besos Tapas & Wine Bar — 378 Main St, East Greenwich, RI 02818
Raise the Bar Nutrition — 333 Main St, East Greenwich, RI 02818

What type of property is this?

Bar & Pub - East Greenwich investment property featuring a tavern and apartments.

Where is this bar & pub located?

The property is located at 91 Duke East Greenwich, RI.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Historic Tavern Business: Includes The Oaks Tavern, a well‑established business operating since 1896.; Prime Location: Situated in the highly desirable Historic Hill and Harbor district of East Greenwich.; Income‑Generating Apartments: Features five fully rented apartments across two buildings.