5-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY - STRONG CASH FLOW + VALUE-ADD UPSIDE!!! INVESTOR ALERT: 5 Unit value add opportunity with immediate cash flow and a clear path to double-digit returns. This well-maintained multifamily generates $87, 900 in current gross income (9.2% cap rate) with separate utilities, off-street parking, and a detached 2-car garage. Four of five units are fully updated and rent-ready; one unit is below market and needs updated heating system plus light cosmetic work, representing straightforward renovation play. Bringing all units to market rent pushes gross income to roughly $103, 200/year and the cap rate to approximately 11.3% - a build in value add story rare at this price point. Conveniently located near major highways, shopping and public transportation. Property is being sold as-is; porches require repair, offering an additional opportunity to force appreciation. An ideal acquisition for 1031 exchange buyers or investors seeking a stabilized asset with organic upside already identified. Investor Group Tour - Wednesday, July 1, 5:00pm-6:30pm.
Sold for $715,000
Street View
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2026 | Sold | $715,000-1.4%$164/sqft |
Source: eXp Realty #214221334 Report a problem | ||
| 7/16/2026 | Pending sale | $725,000$166/sqft |
Source:  StateWide MLS RI #1416359 Report a problem | ||
| 6/29/2026 | Listed for sale | $725,000+88.3%$166/sqft |
Source: StateWide MLS RI #1416359 Report a problem | ||
| 6/8/2026 | Listing removed | $1,550 |
Source: Zillow Rentals Report a problem | ||
| 1/16/2026 | Price change | $1,550-3.1% |
Source: Zillow Rentals Report a problem | ||
| 11/11/2025 | Listed for rent | $1,600 |
Source: Zillow Rentals Report a problem | ||
| 3/30/2021 | Sold | $385,000$88/sqft |
Source: StateWide MLS RI #1273987 Report a problem | ||
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Estimated market value
$719,800
