Two-Unit
New
For Sale
$550,000
101 Johnson Street, Pawtucket, RI 02860
Both residences include hardwood floors, with off-street parking and a full basement serving the property.
Property Size2,344 SF
Price / SF$234.64
Days on Market5
Property Features for 101 Johnson Street
General Information
Standard status
Active
Size
2,344 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
laundry hookups
Building Details
Year Built
1920
Listing Agency:
C. Walsh Realty, Inc.
Listed By:
Cheryl Walsh · License #REB.0015215
(508) 695-3500
Source:
Lockandkeyre
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C. Walsh Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two residences, each with three bedrooms and one full bathroom. Hardwood flooring and vinyl siding are among the property’s features. A full basement remains unfinished, and off-street parking is available. The building also has two separate laundry hookups; occupants supply their own washers and dryers.
The Pawtucket property is near shopping, restaurants, schools, recreational facilities, and highway access.
The Pawtucket property is near shopping, restaurants, schools, recreational facilities, and highway access.
Key Highlights
- Two residences, each with 3 bedrooms and 1 full bath
- Built in 1920
- Hardwood flooring and vinyl siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,029
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$780,580
$780.6K
Cap Rate 7%
$557,557
$557.6K
Cap Rate 9%
$433,656
$433.7K
Market Conditions
NOI Build-Up for 2,344 SF
Gross rent
$59.6K $25.44/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$55.8K $23.79/SF
− OpEx
−$16.7K −$7.14/SF
NOI
$39.0K $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 Rate 5%
$780,580
Cap Rate 7%
$557,557
Cap Rate 9%
$433,656
Alternative Uses
Best Use
Multifamily LT 5
$557.6K
$487.9K – $650.5K
NOI $39,029 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$442.5K
$387.2K – $516.3K
NOI $30,975 @ 7.0% cap · market cap 5.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include hardwood floors, with off-street parking and a full basement serving the property.
Where is this duplex located?
The property is located at 101 Johnson Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 full bath; Built in 1920; Hardwood flooring and vinyl siding
