Property summary
This exceptional multifamily investment opportunity presents an 8-unit apartment building situated on a 0.191-acre lot in desirable East Greenwich, Rhode Island. The three-story building, constructed in 1930, boasts 7,034 square feet of gross area, with 5,100 square feet of net rentable space. The unit mix includes two studios, five one-bedroom/one-bathroom units, and one two-bedroom/one-bathroom unit, currently enjoying 100% occupancy. The property features a private deck for one unit and… rear green space, along with off-street parking. Priced at $985,000 ($123,125 per unit), it offers a compelling 7.73% cap rate and a strong NOI of $76,102. Below-market rents present significant value-add potential through strategic unit upgrades. Its prime location, one block from Main Street (US Route 1), provides convenient access to major roadways (including US Route 1, RI Routes 4 & 2, and I-95), public transportation, area schools, and numerous retail amenities. The property is also within close proximity to Greenwich Cove on Greenwich Bay, offering residents access to waterfront recreation. The building is master-metered, with the landlord responsible for electricity, heat, hot water, and domestic water & sewer. Strong rental demographics and high demand in the surrounding area further enhance this investment's appeal. This is a rare opportunity to acquire a well-located, value-add multifamily property with significant upside potential in a thriving Rhode Island community.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
2 properties nearbySimilar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,034 SF
- Year built
- 1930
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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