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400 Thames St - 400-406 Thames Street, Bristol 4 Unit Apartment Building Offered at $1,195,000 Bristol, RI 02809
Executive Summary
Rare investment or owner-occupant opportunity in the heart of Bristol's vibrant, walkable downtown district! Located at 400 & 406 Thames Street, this unique property features two separate multi-family houses situated on a single lot, with each building containing two rental units. Whether you are looking for a lucrative addition to your real estate portfolio or an owner occupied property, this versatile compound delivers unmatched potential. Step out your front door and look directly across the street at the waterfront views and Independence Park. Walk or ride down the street to instantly hop onto the scenic East Bay Bike Path. Tenants and owners alike will love the exceptional day-to-day convenience, being just steps away from Bristol’s historic downtown boutique shopping, seaside cafes, and top-tier coastal restaurants.With steady rental demand driven by the downtown location and proximity to Roger Williams University, this multi-unit property is a cash-flowing powerhouse. Don't miss out on securing a significant piece of Bristol real estate right where everyone wants to live, work, and play!
Property Facts
| Price | $1,195,000 | Building Size | 3,748 SF |
| Price Per Unit | $298,750 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1890 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,748 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 624 |
| 2+1 | 2 | - | 336 |
| 2+1 | 3 | - | 924 |
| 3+1 | 4 | - | 987 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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Contact the Sale Advisor
400 Thames St - 400-406 Thames Street, Bristol