Renovated Two-Unit Duplex with
104 Fairview Avenue Pawtucket, RI 02860
104 Fairview Avenue, Pawtucket, RI, 02860
$499,900
For Sale
$499,900
MULTI_FAMILY - Pawtucket, RI
Property Size2,915 SF
Lot Size0.12 Acres
Price / SF$171.49
Days on Market58
Property Features for 104 Fairview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2
- Parking
- 1
- Basement
- Full, Unfinished, 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
- Oil, Electric (Heating)
Building Details
- Year built
- 1930
- Number of units
- 2
- Flooring type
- Hardwood, Vinyl
- Building materials
- Shingles
Listing Agency
Keller Williams Leading Edge
(401) 333-4900
28 Thurber Boulevard, Lincoln, RI
Listed by
My Greene Team
(401) 333-4900
Added: May 22 Checked: Jul 18 at 12:06 am
MLS# 1413304
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.
Investment Insights
Based on property information with market context.
104 Fairview Avenue is a well-maintained two-family duplex with extensive updates to major building systems and thoughtful unit layouts. The property has updated electrical and plumbing, insulation upgrades, and multiple recent exterior improvements, including a new house roof in 2024 and a new garage roof in 2025. The seller has also addressed utility infrastructure with a replacement of the private water main to the street and a new city water service connection in 2025, along with a new gas meter in 2026. Each unit has separate electric meters plus a dedicated house meter, and water heaters were replaced in 2019 and 2025. The first-floor unit includes a renovated kitchen and bath, refreshed walls and ceilings, and hardwood floors with abundant natural light. The second-floor unit provides a spacious, flexible layout with a large bedroom, an additional room that can serve multiple uses, an eat-in kitchen, and a full bath.
The home is located in Pawtucket, RI, with convenient access to shopping, restaurants, parks, schools, major highways, and commuter routes. A detached garage adds valuable off-street parking and storage, and the expansive fenced backyard features a bluestone patio suitable for outdoor entertaining or relaxing.
This duplex is a strong fit for owner-occupants and investors because either unit can be delivered vacant at closing, allowing the buyer to select the best arrangement for their needs. With updated building systems and well-defined unit spaces, the property offers a practical combination of day-to-day comfort and straightforward two-unit living.
The home is located in Pawtucket, RI, with convenient access to shopping, restaurants, parks, schools, major highways, and commuter routes. A detached garage adds valuable off-street parking and storage, and the expansive fenced backyard features a bluestone patio suitable for outdoor entertaining or relaxing.
This duplex is a strong fit for owner-occupants and investors because either unit can be delivered vacant at closing, allowing the buyer to select the best arrangement for their needs. With updated building systems and well-defined unit spaces, the property offers a practical combination of day-to-day comfort and straightforward two-unit living.
Key Highlights
- Two‑family built in 1930 with separate electric meters for each unit plus a dedicated house meter
- Improvements include updated electrical and plumbing, insulation upgrades, and replacement private water main to the street
- New city water service connection (2025) plus new gas meter (2026); water heaters replaced in 2019 and 2025
Local 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 9.71%
Second Best
Apartment 5plus
$550.3K
$481.5K – $642.0K
NOI $38,520 @ 7.0% cap · market cap 7.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-improved two-family duplex with updated systems, separate electric meters, and a detached garage for off-street parking and storage.
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 $499,900.
What are key features of this property?
This property features: Two‑family built in 1930 with separate electric meters for each unit plus a dedicated house meter; Improvements include updated electrical and plumbing, insulation upgrades, and replacement private water main to the street; New city water service connection (2025) plus new gas meter (2026); water heaters replaced in 2019 and 2025
