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33 Halsey Street 33 Halsey St 4 Unit Apartment Building $975,000 ($243,750/Unit) 6.64% Cap Rate Newport, RI 02840
Investment Highlights
- Access and Connectivity
- Historic and Attractive Newport Location
- Separately Metered Utilities
- Area Amenities and Demand Drivers
- Nearby Higher Education
- Strong Rental Demographics and Demand
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 33 Halsey Street in Newport, RI (the “Property”). The two-story building contains four (4) 1-Bedroom/1-Bathroom units with 2,992 square feet of gross living area in 3,209 square feet of gross area. The Property is situated upon a 0.23-acre parcel and features five (5) off-street parking spaces.
33 Halsey Street is well-positioned in the residential core of Newport, offering convenient access to the city’s vibrant downtown waterfront, historic districts, and neighborhood retail corridors. The property benefits from strong connectivity to key local thoroughfares including Broadway and Memorial Boulevard, with close proximity to Rhode Island Routes 138 and 114, providing efficient access throughout Aquidneck Island and to the mainland via the Claiborne Pell Newport Bridge.
33 Halsey Street is well-positioned in the residential core of Newport, offering convenient access to the city’s vibrant downtown waterfront, historic districts, and neighborhood retail corridors. The property benefits from strong connectivity to key local thoroughfares including Broadway and Memorial Boulevard, with close proximity to Rhode Island Routes 138 and 114, providing efficient access throughout Aquidneck Island and to the mainland via the Claiborne Pell Newport Bridge.
Property Facts
| Price | $975,000 | Building Class | C |
| Price Per Unit | $243,750 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,209 SF |
| Cap Rate | 6.64% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 1.56/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R10 | ||
| Price | $975,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,209 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 1.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R10 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | NEWP-000009-000000-000165 | Improvements Assessment | $631,800 |
| Land Assessment | $265,500 | Total Assessment | $897,300 |
Property Taxes
Parcel Number
NEWP-000009-000000-000165
Land Assessment
$265,500
Improvements Assessment
$631,800
Total Assessment
$897,300
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33 Halsey Street | 33 Halsey St