Two-Family Home with Spacious
For Sale
$424,999
Pending
106 Samuel Avenue, Pawtucket, RI 02860
Well-maintained two-family home with three bedrooms and a spacious backyard near schools, shopping, and major highways.
Property Size1,882 SF
Days on Market81
Property Features for 106 Samuel Avenue
General Information
Standard status
Pending
Size
1,882 SF
Property subtype
MultiFamily
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Wasserman Homes & Properties
(401) 965-3806
Listed By:
Mark Atkinson · License #RES.0040080
(401) 640-1138
Source:
Lockandkeyre
Added: Jul 27
Changed: Oct 15
Last Checked: Oct 15 at 12:53AM
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 Wasserman Homes & Properties
Investment Insights
Based on property information with market context.
Well-maintained two-family home built in 1900 with a total of three bedrooms and a functional layout. The property is set up for either owner-occupancy or rental use, with a spacious backyard that offers room for outdoor activities, gardening, or entertaining. Total property size is 1,882 SF.
The home is conveniently located near schools, shopping, restaurants, and major highways, supporting day-to-day accessibility for residents and tenants.
With its two-family configuration, this property can be a practical fit for buyers looking for a versatile residential income option paired with outdoor space.
The home is conveniently located near schools, shopping, restaurants, and major highways, supporting day-to-day accessibility for residents and tenants.
With its two-family configuration, this property can be a practical fit for buyers looking for a versatile residential income option paired with outdoor space.
Key Highlights
- 1,882 SF two‑family home built in 1900
- Total of three bedrooms across the two‑family layout
- Spacious backyard for outdoor activities, gardening, or entertaining
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,336
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,720
$626.7K
Cap Rate 7%
$447,657
$447.7K
Cap Rate 9%
$348,178
$348.2K
Market Conditions
NOI Build-Up for 1,882 SF
Gross rent
$47.9K $25.44/SF
− Vacancy
−$3.1K −$1.65/SF
EGI
$44.8K $23.79/SF
− OpEx
−$13.4K −$7.14/SF
NOI
$31.3K $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%
$626,720
Cap Rate 7%
$447,657
Cap Rate 9%
$348,178
Alternative Uses
Best Use
Multifamily LT 5
$447.7K
$391.7K – $522.3K
NOI $31,336 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$355.3K
$310.9K – $414.5K
NOI $24,870 @ 7.0% cap · market cap 5.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
628
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
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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 - Well-maintained two-family home with three bedrooms and a spacious backyard near schools, shopping, and major highways.
Where is this duplex located?
The property is located at 106 Samuel Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $424,999.
What are key features of this property?
This property features: 1,882 SF two‑family home built in 1900; Total of three bedrooms across the two‑family layout; Spacious backyard for outdoor activities, gardening, or entertaining
