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    1 Greystone Ave North Providence, RI 02911

    For Sale
    $1,595,000

    Eleven-unit apartment building, North Providence, RI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional multifamily investment opportunity presents an 11-unit apartment building situated on a substantial 18,643 square foot lot in North Providence, Rhode Island. The property is zoned MG and boasts a total of 20+ parking spaces, a significant advantage for residents. The complex comprises two buildings. Building one houses nine units, a mix of five one-bedroom, one-bathroom units and four three-bedroom, one-bathroom units. Building two features two additional three-bedroom, one-bathroom units. This Class C property is conveniently located along a bus line, offering easy access to public transportation. Residents also enjoy proximity to the Woonasquatucket River and a local cricket field. The asking price for this eleven-unit portfolio is $1,595,000, representing a price per unit of $145,000. The three-story building presents a solid investment opportunity in a desirable location. The property's size and unit configuration provide a strong foundation for future growth and rental income. This is a rare opportunity to acquire a well-located multifamily property in a growing Rhode Island market. The property's convenient location and ample parking make it highly attractive to tenants.

    Property Features for 1 Greystone Ave

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Stories
    3
    Units
    11

    HighLights

    • 11‑unit multifamily investment opportunity in North Providence, RI.
    • Sits on an 18,643 sq ft lot with MG zoning and 20+ parking spaces.
    • Two buildings: nine units in one (five 1BR/1BA, four 3BR/1BA), and two 3BR/1BA units in the other.
    • Class C property, conveniently located near public transportation (bus line), Woonasquatucket River, and a cricket field.
    • Asking price: $1,595,000 ($145,000 per unit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.491448605145
    Latitude
    41.865789734466

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    FAQs

    What type of property is this?
    Multifamily property - Eleven-unit apartment building, North Providence, RI.
    Where is this multifamily property located?
    The property is located at 1 Greystone Ave North Providence, RI.
    What is the asking price?
    The asking price for this property is $1,595,000.
    What are key features of this property?
    This property features: 11-unit multifamily investment opportunity in North Providence, RI.; Sits on an 18,643 sq ft lot with MG zoning and 20+ parking spaces.; Two buildings: nine units in one (five 1BR/1BA, four 3BR/1BA), and two 3BR/1BA units in the other.
    Request Owner's contact information
    1 Greystone Ave North Providence, RI 02911
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    North Providence, RI 02911
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Greystone Ave North Providence, RI 02911
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