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    1014 Victory Hwy North Smithfield, RI 02896

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    For Sale
    $395,000

    Two-unit property on 3.61 acres with development potential.

    Property size:
    3,144 SF
    Lot size:
    3.61 Acres

    Property Features for 1014 Victory Hwy

    General Information

    Size
    3,144 SF
    Lot size
    3.61 Acres

    Building Details

    Year built
    1930

    Source: Keller Williams Realty Leading Edge Agent Christopher Whitten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Slatersville Two-Unit on Large Lot

    This two-unit property is situated on 3.61 acres in Slatersville. Unit 1, located on the first and second floors, features 1,892 square feet of living space, including a living room, dining room, sunroom, large kitchen, family room, full bath, and laundry on the first floor. The second floor of Unit 1 contains four bedrooms and a half bath. Unit 2, located in the lower level, includes a family room, kitchen, living room, bedroom, and full bath. The property is heated by a recent oil boiler installed around 2022. It has town sewer and a private well. There is ample off-street parking available. The two-unit building is positioned closer to the street, leaving the back of the lot open for development. The property is being sold 'as-is' and may not qualify for all types of financing due to its condition. The property offers profitable options and potential for a retreat lot for new construction or a detached ADU.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Smithfield
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.5899416
    Latitude
    42.0036895

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    FAQs

    What type of property is this?
    Duplex - Two-unit property on 3.61 acres with development potential.
    Where is this duplex located?
    The property is located at 1014 Victory Hwy North Smithfield, RI.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Large 3.61-acre lot offers development potential for a retreat lot, new construction, or ADU.; - Two-unit property provides immediate income potential.; - Unit 1 features a spacious 1,892 sqft layout with 4 bedrooms.
    Request Owner's contact information
    1014 Victory Hwy North Smithfield, RI 02896
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    North Smithfield, RI 02896
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1014 Victory Hwy North Smithfield, RI 02896
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