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8 Highview Ave 5 Unit Apartment Building $833,000 ($166,600/Unit) 7% Cap Rate Hope Valley, RI 02832
Investment Highlights
- Five-unit multifamily residential property in Hope Valley, Rhode Island
- Convenient access to local services, retail amenities, and regional transportation routes.
- Situated on a 0.80-acre parcel (34,848 SF).
Executive Summary
Exceptional investment opportunity! This well-maintained 5-unit multifamily residential property is located in a desirable suburban setting on a generous 34,848 sq. ft. lot, offering outstanding income potential with room for future expansion. The property is Lead Certified and Hardwired Fire Code compliant for added peace of mind. Two of the five units have been completely refurbished, featuring modern updates throughout. Additional improvements include vinyl siding, replacement windows, updated electrical service with a common meter, and a durable architectural roof. Strong rental history and solid income-producing property make this an ideal addition to any investment portfolio. Tenants will appreciate the ample off-street parking, while investors will value the property's strong rental appeal, low-maintenance exterior, and potential for future growth. Whether you're looking to expand your portfolio, own a quality income-producing property or possible owner occupied property, this is an opp
Property Facts
| Price | $833,000 | Property Subtype | Apartment |
| Price Per Unit | $166,600 | Lot Size | 0.80 AC |
| Sale Type | Investment | Building Size | 3,482 SF |
| Cap Rate | 7% | No. Stories | 3 |
| No. Units | 5 | Year Built | 1840 |
| Property Type | Multifamily | Parking Ratio | 3.45/1,000 SF |
| Price | $833,000 |
| Price Per Unit | $166,600 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.80 AC |
| Building Size | 3,482 SF |
| No. Stories | 3 |
| Year Built | 1840 |
| Parking Ratio | 3.45/1,000 SF |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | HOPK-000027-000000-000206 | Improvements Assessment | $386,300 |
| Land Assessment | $107,200 | Total Assessment | $493,500 |
Property Taxes
Parcel Number
HOPK-000027-000000-000206
Land Assessment
$107,200
Improvements Assessment
$386,300
Total Assessment
$493,500
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8 Highview Ave