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400-406 Thames Street, Bristol 400 Thames St 4 Unit Apartment Building $1,195,000 ($298,750/Unit) Bristol, RI 02809
Investment Highlights
- River front property.
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 Class | C |
| Price Per Unit | $298,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,748 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | W | ||
| Price | $1,195,000 |
| Price Per Unit | $298,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,748 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Parking Ratio | 0.5/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | W |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 336 - 924 |
| 3+1 | 4 | - | 987 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | BRIS-000009-000000-000009 | Improvements Assessment | $359,400 |
| Land Assessment | $209,100 | Total Assessment | $568,500 |
Property Taxes
Parcel Number
BRIS-000009-000000-000009
Land Assessment
$209,100
Improvements Assessment
$359,400
Total Assessment
$568,500
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Contact the Sale Advisor
400-406 Thames Street, Bristol | 400 Thames St