Two-Family Home with Rental
New
For Sale
$449,900
55 Rebekah Street, Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
Property Size2,072 SF
Lot Size0.10 Acres
Price / SF$217.13
Days on Market7
Property Features for 55 Rebekah Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Parking
5
Parking features
None
Interior features
Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Gas Water Heater, Microwave, Oven/Range, Refrigerator
Standard status
Active
Size
2,072 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4207
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1913
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile - Ceramic, Vinyl
Building materials
Plaster, Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Riley White · License #REB.0019467
(401) 575-1285
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 12 at 12:06AM
MLS# 1420020
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.
This two-family property contains 2,072 square feet across two residential units. The first-floor residence includes 3 bedrooms, 1 full bath, and direct basement access. Above, the second-floor apartment provides 2 bedrooms and 1 full bath and is currently tenant-occupied. Interior finishes include hardwood, ceramic tile, vinyl, and plaster, with vinyl siding on the exterior. The home was built in 1913 and is heated by natural gas steam systems.
Located at 55 Rebekah Street in Woonsocket, the property sits on a 0.1-acre lot near schools, shopping, restaurants, and major highways. The basement offers additional functional space, while the existing two-unit arrangement supports continued residential use with an occupied apartment already in place.
Located at 55 Rebekah Street in Woonsocket, the property sits on a 0.1-acre lot near schools, shopping, restaurants, and major highways. The basement offers additional functional space, while the existing two-unit arrangement supports continued residential use with an occupied apartment already in place.
Key Highlights
- Two‑family property with 2,072 square feet
- First‑floor unit includes 3 bedrooms, 1 full bath, and direct basement access
- Second‑floor unit has 2 bedrooms and 1 full bath and is tenant‑occupied
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
$34,500
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
7.67%
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%
$690,000
$690.0K
Cap Rate 7%
$492,857
$492.9K
Cap Rate 9%
$383,333
$383.3K
Market Conditions
NOI Build-Up for 2,072 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
$52.7K $25.44/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.3K $23.79/SF
− OpEx
−$14.8K −$7.14/SF
NOI
$34.5K $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%
$690,000
Cap Rate 7%
$492,857
Cap Rate 9%
$383,333
Alternative Uses
Best Use
Multifamily LT 5
$492.9K
$431.3K – $575.0K
NOI $34,500 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$391.1K
$342.3K – $456.3K
NOI $27,380 @ 7.0% cap · market cap 6.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
602
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
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 - Two-unit property with a larger lower-level residence and an occupied upper apartment.
Where is this duplex located?
The property is located at 55 Rebekah Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑family property with 2,072 square feet; First‑floor unit includes 3 bedrooms, 1 full bath, and direct basement access; Second‑floor unit has 2 bedrooms and 1 full bath and is tenant‑occupied
