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About this home
Excellent investment opportunity! This four-unit multifamily property in Johnston offers strong, established rental income with * * $6,850 per month ($82,200 annually) * * currently being collected. The property features a desirable unit mix consisting of (2) one-bedroom, one-bathroom apartments and (2) two-bedroom, one-bathroom townhouse-style units. Each unit has separate utilities, with tenants responsible for their own gas and electricity. Additional highlights include updated kitchens and bathrooms, fire-code compliance, lead certificates, off-street parking, on-site laundry facilities, and a shared backyard. With established tenants, strong rental income, and an attractive price point, this property presents an excellent opportunity for investors looking to expand their portfolio and generate immediate rental income. Schedule your private showing today!
Multi-familyProperty Type
1915Year Built
4,792 sq ftLot Size
$215Price/Sq.Ft.
4 spacesParking
Listed by Riley White• Keller Williams Leading Edge
Graniteville, located between Smithfield and Providence, is a residential and industrial North Providence neighborhood with mill-era streetscapes and the Woonasquatucket River corridor. The neighborhood’s character concentrates around the stretch of Smith Street near the former mill buildings, where small storefronts, auto shops, and working warehouses set a practical, lived-in tone. Brick industrial blocks and compact side streets mix with mid-century houses, giving the area a layered, utilitarian look. The Woonasquatucket River Greenway traces the edge of the neighborhood with a quieter, outdoorsy counterpoint. Community touchstones nearby include The Steel Yard for hands-on arts, Farm Fresh Rhode Island at the Farmers Market, and the historic Manton Avenue corridor’s local eateries. Daily life here reads as straightforward and connected to the city’s working landscape.
Provided by Walk Score and Local Logic
Offer insights
78 Serrel Sweet Rd · $715,000
$754K and above
75% chance or better to win
Why $754K+ is a strong offer
DAYS ON MARKET
3 days
The average home goes pending in 29 days.
SALE-TO-LIST
100.9%
Most homes are selling 1% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Tub/shower
Storage room
Utility room
Full, unfinished basement with interior entry
Bedrooms
Six bedrooms across four units: two units with two bedrooms each and two units with one bedroom each
Bathrooms
Four full bathrooms
Kitchen
Dishwasher, microwave, oven, range, refrigerator
Laundry & utility
Common-area laundry
Washer, dryer
Flooring
Ceramic tile, hardwood, vinyl
Heating & cooling
Gas baseboard heating
Home design
Three stories
Parking
Four parking spaces
No garage
Construction
Plaster and clapboard construction
Combination foundation
Utilities
Connected water and sewer
100-amp electric service
HOA & community
Highway access, public transportation, and shopping nearby
Financial info
Four units in one building: two two-bedroom units and two one-bedroom units
Gas water heater
Electricity and solar
View estimated energy costs and solar savings for this home
Rare large 4 Unit located in the desirable area of Johnston! 2 1 bedroom, 1 bath units located on the first floor and 2 townhouse style units located on the second floor all with high ceilings and two spacious bedrooms. Parking for up to 4 cars with large back yard! Potential for investors looking for long term income to fix up and rent, also great fix and flip opportunity! Property is vacant and being sold cash, as is, no inspection.
RIS #1343431
Sep 14, 2023
Listing Removed
—
Sep 8, 2023
Listed
$449,000
$135/sq ft
RIS #1303173
Mar 25, 2022
Sold
$370,000
$111/sq ft
Feb 23, 2022
Pending
—
Feb 12, 2022
Listed
$329,900
$99/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,675 (+2.1%)
$103,700 + $259,600
$363,300
2024
$5,558 (−5.9%)
$103,700 + $259,600
$363,300
2018
$5,905 (−9.2%)
$45,700 + $169,100
$214,800
2014
$6,506
$46,200 + $180,100
$226,300
2013
$6,506 (+0.9%)
$46,200 + $180,100
$226,300
2011
$6,447
$60,800 + $199,700
$260,500
Public record
Beds
6
Baths
4
Stories
3
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,328
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,328
Year built
1915
Style
Multi-Family (5+ Unit)
County
Providence County
APN
389349
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 22, 2026.
Historical weather
Johnston, RI • 02919
Average low and high temperatures (°F)
35
21
37
22
52
33
61
42
69
52
81
62
84
66
80
60
76
57
65
47
54
37
40
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Johnston. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 78 Serrel Sweet Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $550,000 and $735,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $550K to $735K.