Two-Family Ranch with Accessory
120 Grange Avenue, Woonsocket, RI 02895
MULTI_FAMILY - Woonsocket, RI
Property size:
1,892 SFLot size:
0.45 AcresPrice / SF:
$282/SF- Added:
- May 14, 2026
- Days on Market:
- 8
- Last Refresh:
- May 21 at 5:06 pm
Property Features for 120 Grange Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Basement
- Parking
- 6
- Patio and Porch features
- Patio
- Interior features
- Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Walls)
- Exterior features
- Patio, Screened Pch/Patio/Dck/Brzwy
- Fireplace
- 1
- Basement
- Partial, Storage Space, Partially Finished
- Appliances
- Dishwasher, Dryer, Range Hood, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,892 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5714
Utilities
- Heating system
- Oil, Baseboard, Zoned
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Laminate, Tile - Ceramic, Carpet
- Building materials
- Plaster, Brick, Vinyl Siding
Listing agent LP Home Team (401) 439-7705
Listing office Residential Properties Ltd. 2370 Diamond Hill Rd., RI (401) 333-9333
Listing date May 14, 2026
MLS# 1411607
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.
HighLights
- Unique two‑family ranch with lower level accessory unit, offering flexible living arrangements.
- Located on a quiet dead‑end street in a desirable neighborhood.
- Main level features comfortable ranch‑style living with 3 bedrooms, kitchen, dining room with fireplace, and enclosed porch.
- Lower‑level unit with private entrance includes a kitchen, living room, 1 bedroom, full bathroom, and laundry.
- Includes a 2‑car garage and ample parking.
- Easy access to shopping, restaurants, and highways.
Overview
This two-family ranch, located on a dead-end street in a desirable neighborhood, offers the appearance and feel of a single-family residence while providing the flexibility of additional living space. The main level features ranch-style living with a kitchen, a dining room with a fireplace, a living room, three bedrooms, and one full bathroom with laundry. An enclosed porch provides additional space. The lower-level unit, with its own private entrance, includes a kitchen, a living room, one bedroom, a full bathroom, and laundry. The property is suitable for multi-generational living or added income opportunities. Additional features include a 2-car garage and ample parking. The property has easy access to shopping, restaurants, and highways. The lot size is 0.45 acres and the property size is 1892 square feet. The property is located in Woonsocket, Rhode Island.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$350.0K
NOI $31,503 @ 9.00% cap · cautious / downside scenario
Moderate
$450.0K
NOI $31,503 @ 7.00% cap · market / base-case scenario
Aggressive
$630.1K
NOI $31,503 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.1k | $25.44 |
| − Vacancy | −$3.1k | −$1.65 |
| EGI | $45.0k | $23.79 |
| − OpEx | −$13.5k | −$7.14 |
| NOI | $31.5k | $16.65 |
1,892 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$450.0K
$393.8K – $525.1K
NOI $31,503 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$357.2K
$312.5K – $416.7K
NOI $25,002 @ 7.0% cap · market cap 4.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Woonsocket
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.483635
- Latitude
- 42.014891
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Unique two-family ranch with accessory unit in desirable neighborhood.
Where is this duplex located?
The property is located at 120 Grange Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Unique two‑family ranch with lower level accessory unit, offering flexible living arrangements.; Located on a quiet dead‑end street in a desirable neighborhood.; Main level features comfortable ranch‑style living with 3 bedrooms, kitchen, dining room with fireplace, and enclosed porch.
