Two-Unit Duplex with Screened
For Sale
$499,000
116 Webster Street, Pawtucket, RI 02861
Two distinct residences include separate utility panels, shared basement laundry and storage, and outdoor yard space.
Property Size1,784 SF
Price / SF$279.71
Days on Market11
Property Features for 116 Webster Street
General Information
Standard status
Active
Size
1,784 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
front screened porch
basement laundry
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Redfin Corporation
(877) 973-3346
Listed By:
Alysandra Nemeth · License #RES.0043520
(860) 575-3434
Source:
Lockandkeyre
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 4 at 10:28AM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This 1915 duplex contains 1,784 square feet across two residences. The first apartment has two bedrooms, a living room, kitchen, dining room, full bathroom, and screened front porch. The second offers two bedrooms, a full bathroom, and an open living and dining area. Wood floors are present, and the property also includes separate utility panels and basement laundry and storage.
The building sits in Pawtucket, Rhode Island, and includes yard space.
The building sits in Pawtucket, Rhode Island, and includes yard space.
Key Highlights
- Two residences with a combined 1,784 square feet
- Built in 1915
- First unit has two bedrooms, living room, kitchen, dining room, full bath, and screened front porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,704
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,080
$594.1K
Cap Rate 7%
$424,343
$424.3K
Cap Rate 9%
$330,044
$330.0K
Market Conditions
NOI Build-Up for 1,784 SF
Gross rent
$45.4K $25.44/SF
− Vacancy
−$3.0K −$1.65/SF
EGI
$42.4K $23.79/SF
− OpEx
−$12.7K −$7.14/SF
NOI
$29.7K $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%
$594,080
Cap Rate 7%
$424,343
Cap Rate 9%
$330,044
Alternative Uses
Best Use
Multifamily LT 5
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 4.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
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Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
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 - Two distinct residences include separate utility panels, shared basement laundry and storage, and outdoor yard space.
Where is this duplex located?
The property is located at 116 Webster Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences with a combined 1,784 square feet; Built in 1915; First unit has two bedrooms, living room, kitchen, dining room, full bath, and screened front porch
