$1,650,000

About this home

Located in the heart of East Greenwich’s vibrant downtown district, this mixed-use investment offering presents a rare opportunity in one of Rhode Island’s most sought-after markets. Known for its strong demographics and consistent demand for both residential and commercial space, East Greenwich continues to attract a diverse tenant base and long-term investment interest. The property consists of 2 parcels(one zoned residential, the other zoned mixed commercial) with four separate structures totaling eight units, providing a blend of residential and commercial uses: Two multifamily buildings, each with three residential units One commercial garage structure One commercial building, currently leased to a retail tenant Six of the eight units are currently leased, offering immediate income with a mix of residential and commercial tenancy. The existing rent roll provides a solid foundation, while the remaining units and commercial spaces may offer potential for future leasing or repositioning, subject to buyer due diligence. This property is being offered as-is. Buyers are encouraged to perform their own independent verification of all income, expenses, and property details. With its central downtown location, mixed-use configuration, and multiple income streams, this asset may appeal to investors seeking a property with both current cash flow and potential for future optimization. For additional information, please inquire directly.

Property details

MLS #

1410266

Property type

Multi Family

Subdivision

N/A

Status

Active

Days on market

74

On market date

N/A

Stories

N/A

Garage spaces

7

Lot size

0.5051 acres

Nearby schools

Within 10 miles · public school directory data (NCES)