Historic Two-Family
60 Colwell Road, Smithfield, RI 02828
MULTI_FAMILY - Smithfield, RI
Property size:
2,497 SFLot size:
1.84 AcresPrice / SF:
$200/SF- Added:
- Jun 5, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 13 at 5:06 am
Property Features for 60 Colwell Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bedroom 2
- Parking
- 4
- Parking features
- Garage
- Window features
- Storm Window(s)
- Interior features
- Wall (Plaster), Attic, Attic Stairs, Attic Storage, Stairs, Plumbing (Mixed), Insulation (Unknown)
- Fireplace
- 1
- Basement
- Unfinished, Full, Storage Space
- Appliances
- Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,497 SF
- Lot size
- 1.84 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6069
Utilities
- Sewer type
- Cesspool
- Heating system
- Baseboard, Oil
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1830
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Pine, Carpet, Tile - Ceramic
- Building materials
- Plaster, Shingles, Wood
- Additional Structures
- Storage
Listing agent Jo-Ann Carlton (401) 232-3900
Listing office Re/Max Properties 696 Douglas Pike, SMITHFIELD, RI (401) 232-3900
Listing date Jun 5, 2026
MLS# 1414555
Listing URL
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.
HighLights
- Historic 2‑family home built in 1830 on a 1.84‑acre corner lot
- 1st‑floor unit: 3 bedrooms, 2 fireplaces, large eat‑in kitchen, updated full bath and laundry area
- 2nd‑floor unit: 2 bedrooms, updated eat‑in kitchen, sitting room and generous living room
- Multiple fireplaces, wide pine plank flooring, and plaster construction; window A/C units included
- Full walk‑up attic plus a full basement for additional storage
- Private well water and cesspool sewer; sold "AS IS" (estate sale)
Overview
This historic two-family home was built in 1830 and offers a blend of period details and modern improvements. Inside, you’ll find multiple fireplaces, wide pine plank flooring, and thoughtful updates throughout the residences. The first-floor unit includes more than 1,300 square feet with three bedrooms, two fireplaces, a spacious living room, a large eat-in kitchen, an updated full bath, and a convenient laundry area. The second-floor unit provides more than 1,100 square feet with two bedrooms, an updated eat-in kitchen, a cozy sitting room, and a generous-sized living room. Additional storage is available in a full walk-up attic and a full basement.
The property sits on a 1.84-acre corner lot in Smithfield, Rhode Island.
This home is well suited for buyers seeking an owner-occupied setup or an income-producing residential property, with two separate units that each have defined living spaces and kitchen facilities. Storage capacity is supported by both the walk-up attic and full basement, which can help accommodate household needs. Please note the estate sale is being offered “AS IS.”
The property sits on a 1.84-acre corner lot in Smithfield, Rhode Island.
This home is well suited for buyers seeking an owner-occupied setup or an income-producing residential property, with two separate units that each have defined living spaces and kitchen facilities. Storage capacity is supported by both the walk-up attic and full basement, which can help accommodate household needs. Please note the estate sale is being offered “AS IS.”
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.5k | $25.44 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.4k | $23.79 |
| − OpEx | −$17.8k | −$7.14 |
| NOI | $41.6k | $16.65 |
2,497 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$593.9K
$519.7K – $692.9K
NOI $41,576 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Smithfield
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.5664607
- Latitude
- 41.87894
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-preserved 1830s two-family with updated interiors, fireplaces, attic storage, and basement space on a corner lot.
Where is this duplex located?
The property is located at 60 Colwell Road Smithfield, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Historic 2‑family home built in 1830 on a 1.84‑acre corner lot; 1st‑floor unit: 3 bedrooms, 2 fireplaces, large eat‑in kitchen, updated full bath and laundry area; 2nd‑floor unit: 2 bedrooms, updated eat‑in kitchen, sitting room and generous living room
