Two-Unit
For Sale
$329,900
25 Brier Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size1,596 SF
Lot Size0.45 Acres
Price / SF$206.70
Days on Market10
Property Features for 25 Brier Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1
Parking
6
Interior features
Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Wall (Wood), Cathedral Ceilings, Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Ceiling), Insulation (Unknown)
Exterior features
Balcony
Basement
Storage Space, Unfinished, Full
Appliances
Dryer, Oven, Range, Refrigerator, Washer
Subdivision
Fairmount
Lot features
Fenced, Out Building, Paved Driveway
Standard status
Active
Size
1,596 SF
Lot size
0.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3759
Utilities
Sewer type
Septic Tank
Heating system
Steam, Oil
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Hardwood
Building materials
Dry Wall, Paneled, Plaster, Wood Wall(s), Shingles
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Christine Patalano Guarniero · License #1001962
(401) 301-8036
Added: Sep 18
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
MLS# 1423666
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this two-unit duplex contains 1,596 square feet. The first-floor unit has two bedrooms and one bathroom; the second-floor unit has one bedroom and one bathroom. The property is being sold as-is and requires repairs and renovation. Interior features include a basement, hardwood, laminate, and carpet flooring, along with a balcony. Heating is oil-fired steam, and cooling is provided by window units.
The property occupies a 0.45-acre lot and is zoned R4. Water service is public, and the property uses a septic tank for sewer. Appliances include a washer, dryer, oven, range, and refrigerator.
The property occupies a 0.45-acre lot and is zoned R4. Water service is public, and the property uses a septic tank for sewer. Appliances include a washer, dryer, oven, range, and refrigerator.
Key Highlights
- Two‑unit layout: first floor has 2 bedrooms and 1 bathroom; second floor has 1 bedroom and 1 bathroom
- 1,596‑square‑foot property built in 1900
- 0.45‑acre lot with R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,574
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,480
$531.5K
Cap Rate 7%
$379,629
$379.6K
Cap Rate 9%
$295,267
$295.3K
Market Conditions
NOI Build-Up for 1,596 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.6K $25.44/SF
− Vacancy
−$2.6K −$1.65/SF
EGI
$38.0K $23.79/SF
− OpEx
−$11.4K −$7.14/SF
NOI
$26.6K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$531,480
Cap Rate 7%
$379,629
Cap Rate 9%
$295,267
Alternative Uses
Best Use
Multifamily LT 5
$379.6K
$332.2K – $442.9K
NOI $26,574 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$301.3K
$263.6K – $351.5K
NOI $21,090 @ 7.0% cap · market cap 6.39%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The first-floor residence has two bedrooms, while the upper unit has one bedroom.
Where is this duplex located?
The property is located at 25 Brier Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Two‑unit layout: first floor has 2 bedrooms and 1 bathroom; second floor has 1 bedroom and 1 bathroom; 1,596‑square‑foot property built in 1900; 0.45‑acre lot with R4 zoning
