32 Harris Avenue

Kent County RI 02893

2979 sq. ft.

17424 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Fully occupied, lead-certified four-unit investment property generating approximately $7,700 per month ($92,400 annually) in gross rental income. All four units feature 2 bedrooms and 1 bathroom, offering a strong and consistent unit mix with established in-place income. Designed for efficient ownership, tenants are responsible for their own heating expenses, while minimal common areas maximize rentable square footage. Significant recent capital improvements include a new roof, two new driveways, new rear porches, four new hot water heaters, updated kitchens and bathrooms, and replacement windows, helping reduce near-term capital needs. The property is also equipped with a recently tested and certified commercial fire alarm system. Heating systems include a combination of forced hot air and boiler heat. Set on a large lot with ample off-street parking, this property offers an attractive combination of strong current income, low-maintenance ownership and long-term upside. Conveniently located near shopping, dining, highways and area amenities, with continued investment and development occurring nearby. A turnkey opportunity to acquire a stabilized four-unit asset with strong cash flow and substantial improvements already completed.

Features

8 bedrooms

4 bathrooms

8 carspaces

2979 sq. ft. floor area

17424 sq. ft. lot size

Multi-Family

Property history for 32 Harris Avenue

2025

Rented

Undisclosed

21 Feb 2025 by RI Real Estate Services

2024

Sold

$530,000

27 Nov 2024 by Stephen Antoni, of Mott & Chace Sotheby's Intl.

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