Two-Unit Duplex
For Sale
$440,000
Pending
11 Seymour Avenue, Cranston, RI 02910
Two-story residential income property with matching one-bedroom, one-bathroom floor plans.
Property Size1,536 SF
Days on Market64
Property Features for 11 Seymour Avenue
General Information
Standard status
Pending
Size
1,536 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1929
Listing Agency:
J. Christopher Real Estate Grp
(401) 830-6906
Listed By:
Larissa Truppa · License #RES.0040092
(401) 464-1545
Source:
Lockandkeyre
Added: Aug 13
Changed: Oct 15
Last Checked: Oct 15 at 1:05AM
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 J. Christopher Real Estate Grp
Investment Insights
Based on property information with market context.
This two-unit duplex at 11 Seymour Avenue in Cranston, Rhode Island, contains 1,536 square feet and was built in 1929. Each floor provides a separate one-bedroom, one-bathroom residential layout, creating a straightforward two-family configuration.
The property is located in the 02910 ZIP code. Its unit arrangement and established construction offer a clear residential income property profile.
The property is located in the 02910 ZIP code. Its unit arrangement and established construction offer a clear residential income property profile.
Key Highlights
- Two‑family duplex configuration
- One bedroom and one bathroom on each floor
- 1,536 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,575
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$511,500
$511.5K
Cap Rate 7%
$365,357
$365.4K
Cap Rate 9%
$284,167
$284.2K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$39.1K $25.44/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.5K $23.79/SF
− OpEx
−$11.0K −$7.14/SF
NOI
$25.6K $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%
$511,500
Cap Rate 7%
$365,357
Cap Rate 9%
$284,167
Alternative Uses
Best Use
Multifamily LT 5
$365.4K
$319.7K – $426.3K
NOI $25,575 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$290.0K
$253.7K – $338.3K
NOI $20,298 @ 7.0% cap · market cap 4.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 02910, RI
21,907
Population
9,319
Households
2.4
Avg Household Size
39
Median Age
30%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,443
Density / Sq Mi
$85,909
Median Household Income
$47,538
Median Earnings
$1,385
Median Rent
$302,400
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 - Two-story residential income property with matching one-bedroom, one-bathroom floor plans.
Where is this duplex located?
The property is located at 11 Seymour Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two‑family duplex configuration; One bedroom and one bathroom on each floor; 1,536 square feet
