Two-Unit Duplex with Updated
New
For Sale
$499,000
122 Oriole Avenue, Pawtucket, RI 02860
Separate electric meters serve the two residences, with driveway parking for up to four vehicles.
Property Size3,332 SF
Lot Size0.09 Acres
Price / SF$149.76
Days on Market7
Property Features for 122 Oriole Avenue
General Information
Standard status
Active
Size
3,332 SF
Total Parking Spaces
4
Lot size
0.09 Acres
Property subtype
MultiFamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
backyard
patio
skylight
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Coldwell Banker Realty
(401) 351-2017
Listed By:
Alexander Parmenidez · License #REB.0202861
(401) 425-6957
Source:
Lockandkeyre
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:56PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This Pawtucket duplex contains two separate residences: a first-floor unit with two bedrooms and one full bath, and an upper-level unit with one bedroom and one full bath. The first-floor kitchen has wood cabinetry, quartz counters, stainless steel appliances, laminate flooring, and recessed lighting. The second-floor unit has a private entrance and skylight. Each unit is separately metered for electricity.
Built in 1940, the property occupies a 4,000-square-foot lot at 122 Oriole Avenue. Outdoor features include a patio and artificial turf in the backyard, while the driveway accommodates up to four vehicles. Nearby destinations and connections include neighborhood shopping, Fairlawn Veterans Memorial Park, I-95, Route 146, and RIPTA/MBTA service at the Pawtucket-Central Falls Transit Center.
Built in 1940, the property occupies a 4,000-square-foot lot at 122 Oriole Avenue. Outdoor features include a patio and artificial turf in the backyard, while the driveway accommodates up to four vehicles. Nearby destinations and connections include neighborhood shopping, Fairlawn Veterans Memorial Park, I-95, Route 146, and RIPTA/MBTA service at the Pawtucket-Central Falls Transit Center.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bath first‑floor unit and a 1‑bedroom, 1‑bath upper‑level unit
- Updated first‑floor kitchen with wood cabinetry, quartz counters, stainless steel appliances, and recessed lighting
- Separate electric meters for each unit; the upstairs residence has a private entrance and skylight
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,031
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,620
$880.6K
Cap Rate 7%
$629,014
$629.0K
Cap Rate 9%
$489,233
$489.2K
Market Conditions
NOI Build-Up for 3,332 SF
Gross rent
$85.2K $25.56/SF
− Vacancy
−$5.1K −$1.53/SF
EGI
$80.1K $24.03/SF
− OpEx
−$36.0K −$10.81/SF
NOI
$44.0K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,620
Cap Rate 7%
$629,014
Cap Rate 9%
$489,233
Alternative Uses
Best Use
Multifamily LT 5
$792.6K
$693.5K – $924.7K
NOI $55,479 @ 7.0% cap · market cap 11.12%
Second Best
Apartment 5plus
$629.0K
$550.4K – $733.9K
NOI $44,031 @ 7.0% cap · market cap 8.82%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
683
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters serve the two residences, with driveway parking for up to four vehicles.
Where is this duplex located?
The property is located at 122 Oriole Avenue 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: a 2‑bedroom, 1‑bath first‑floor unit and a 1‑bedroom, 1‑bath upper‑level unit; Updated first‑floor kitchen with wood cabinetry, quartz counters, stainless steel appliances, and recessed lighting; Separate electric meters for each unit; the upstairs residence has a private entrance and skylight
