Renovated
New
For Sale
$574,999
112 Bellingham Street, Woonsocket, RI 02895
The existing two-unit configuration may offer a path to adding a third unit.
Property Size2,775 SF
Price / SF$207.21
Days on Market5
Property Features for 112 Bellingham Street
General Information
Standard status
Active
Size
2,775 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Listing Agency:
Keller Williams Coastal
(401) 845-9200
Listed By:
Dylan Tirocchi · License #RES.0046088
(401) 300-7697
Source:
Lockandkeyre
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 6:01AM
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 Keller Williams Coastal
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Investment Insights
Based on property information with market context.
This 2,775-square-foot duplex was built in 1925 and has undergone recent renovation, with updated living areas. The property currently contains two units, and the layout is described as having potential for conversion to a third unit.
Key Highlights
- 2,775‑square‑foot duplex built in 1925
- Two existing units with potential for conversion to a third
- Recently renovated with updated living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,205
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,100
$924.1K
Cap Rate 7%
$660,071
$660.1K
Cap Rate 9%
$513,389
$513.4K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$70.6K $25.44/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.0K $23.79/SF
− OpEx
−$19.8K −$7.14/SF
NOI
$46.2K $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%
$924,100
Cap Rate 7%
$660,071
Cap Rate 9%
$513,389
Alternative Uses
Best Use
Multifamily LT 5
$660.1K
$577.6K – $770.1K
NOI $46,205 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$523.9K
$458.4K – $611.2K
NOI $36,670 @ 7.0% cap · market cap 6.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The existing two-unit configuration may offer a path to adding a third unit.
Where is this duplex located?
The property is located at 112 Bellingham Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $574,999.
What are key features of this property?
This property features: 2,775‑square‑foot duplex built in 1925; Two existing units with potential for conversion to a third; Recently renovated with updated living areas
