Two-Unit Residential Income
New
For Sale
$474,900
104 Fairview Avenue, Pawtucket, RI 02860
MULTI_FAMILY - Pawtucket, RI
Property Size2,915 SF
Lot Size0.12 Acres
Price / SF$162.92
Days on Market3
Property Features for 104 Fairview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 1, Basement, Bedroom 2
Parking
1
Basement
Unfinished, Full, Storage Space
Appliances
Gas Water Heater
Standard status
Active
Size
2,915 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4546
Utilities
Heating system
Electric (Heating), Oil
Building Details
Year built
1930
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Shingles
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
My Greene Team
(401) 495-4663
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 1419065
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 well-maintained two-family duplex includes updated electrical and plumbing and additional building improvements such as added insulation. Recent exterior and service updates include a new house roof in 2024 and a new garage roof in 2025, along with replacement of the private water main and a new city water service connection in 2025. Each unit has a separate electric meter plus a dedicated house meter, and water heaters were replaced in 2019 and 2025. A new gas meter was installed in 2026.
The first-floor unit features an updated kitchen and bath, refreshed walls and ceilings, and hardwood floors. The second-floor unit offers a spacious layout with a large bedroom, a bonus room that could function as additional living space, and an eat-in kitchen plus a full bath.
Outside, the property offers a detached garage for off-street parking and storage, along with a large fenced backyard and bluestone patio.
The first-floor unit features an updated kitchen and bath, refreshed walls and ceilings, and hardwood floors. The second-floor unit offers a spacious layout with a large bedroom, a bonus room that could function as additional living space, and an eat-in kitchen plus a full bath.
Outside, the property offers a detached garage for off-street parking and storage, along with a large fenced backyard and bluestone patio.
Key Highlights
- Two‑family home built in 1930 with separate electric meters for each unit plus a dedicated house meter
- Improvements include updated electrical and plumbing, added insulation, and replacement of the private water main
- Newer utilities and components: city water service connection (2025), new gas meter (2026), gas water heater, and water heaters replaced (2019 and 2025)
Financial Insights For Apartment 5plus
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 | $74.5k | $25.56 |
| − Vacancy | −$4.5k | −$1.53 |
| EGI | $70.0k | $24.03 |
| − OpEx | −$31.5k | −$10.81 |
| NOI | $38.5k | $13.21 |
2,915 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.4K
$606.7K – $808.9K
NOI $48,536 @ 7.0% cap · market cap 10.22%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,520 @ 7.0% cap · market cap 8.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
712
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family duplex with separate electric meters, updated systems, and a detached garage.
Where is this duplex located?
The property is located at 104 Fairview Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two‑family home built in 1930 with separate electric meters for each unit plus a dedicated house meter; Improvements include updated electrical and plumbing, added insulation, and replacement of the private water main; Newer utilities and components: city water service connection (2025), new gas meter (2026), gas water heater, and water heaters replaced (2019 and 2025)
