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144-145 Railroad St 7 Unit Apartment Building $1,500,000 ($214,286/Unit) Manville, RI 02838
EXECUTIVE SUMMARY
Investors take note! This income-generating 7 unit offers plenty of cashflow with updated market rent. Five units include 3 spacious bedrooms, dine-in kitchens and open living room area. One unit offers 2 bedrooms with the same layout and the last unit is a spacious studio. 6 of the 7 units have been completely renovated and offer access to a shared front balcony. Off-street parking for up to 10 cars (each unit has one parking spot) with plenty of street parking as well. Property is up to fire code and complete with new electrical, boilers, and hot water heaters. $9500/monthly income. Do not miss out on this fully-occupied opportunity. Schedule a showing today!
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$126,000
|
$15.28
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$20,885
|
$2.53
|
| Net Operating Income |
$105,115
|
$12.75
|
FINANCIAL SUMMARY (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $126,000 |
| Annual Per SF | $15.28 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $20,885 |
| Annual Per SF | $2.53 |
| Net Operating Income | |
|---|---|
| Annual | $105,115 |
| Annual Per SF | $12.75 |
PROPERTY FACTS
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $214,286 | Lot Size | 7.14 AC |
| Sale Type | Investment | Building Size | 8,247 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Low-Rise | Parking Ratio | 1.21/1,000 SF |
| Zoning | BL05 - Business | ||
| Price | $1,500,000 |
| Price Per Unit | $214,286 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 7.14 AC |
| Building Size | 8,247 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | BL05 - Business |
AMENITIES
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | LINC-000037-002100-000000 | Improvements Assessment | $437,900 (2025) |
| Land Assessment | $112,000 (2025) | Total Assessment | $549,900 (2025) |
PROPERTY TAXES
Parcel Number
LINC-000037-002100-000000
Land Assessment
$112,000 (2025)
Improvements Assessment
$437,900 (2025)
Total Assessment
$549,900 (2025)
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144-145 Railroad St
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