Two-Family Residential Income
126 Clay Street Pawtucket, RI 02860
For Sale
$649,900
Spacious two-family home with separate utilities, gas heat, and a partially finished lower level.
Property Size3,599 SF
Price / SF$180.58
Days on Market9
Property Features for 126 Clay Street
General Information
- Standard status
- Active
- Size
- 3,599 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency:
Mateus Realty
(401) 434-8399
Listed By:
Luis Mateus
Source:
Lockandkeyre
Added: Jul 19
Changed: Jul 25
Last Checked: Jul 27 at 5:48AM
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 Mateus Realty
Investment Insights
Based on property information with market context.
Spacious two-family residential income property offering two 2-bedroom units with dining areas, and additional room space in the attic that may allow for a second-floor townhome-style setup. A partially finished lower level includes a separate entrance. Improvements noted include a young roof, vinyl siding, and replacement windows.
The property features separate utilities and parking, along with gas heat. Public remarks indicate easy highway access and proximity to restaurants, schools, and shopping.
Overall, the configuration supports independent day-to-day operations for both units, with added finished space in the lower level and potential flexibility in the upper attic area.
The property features separate utilities and parking, along with gas heat. Public remarks indicate easy highway access and proximity to restaurants, schools, and shopping.
Overall, the configuration supports independent day-to-day operations for both units, with added finished space in the lower level and potential flexibility in the upper attic area.
Key Highlights
- Two‑family home built in 1900 with 2 bedrooms and dining plus additional rooms in attic space
- Attic area includes potential for a 2nd‑floor townhouse‑style unit with additional rooms
- Partially finished lower level with a separate entrance
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $25.56 |
| − Vacancy | −$5.5k | −$1.53 |
| EGI | $86.5k | $24.03 |
| − OpEx | −$38.9k | −$10.81 |
| NOI | $47.6k | $13.21 |
3,599 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$856.1K
$749.1K – $998.8K
NOI $59,925 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 7.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Spacious two-family home with separate utilities, gas heat, and a partially finished lower level.
Where is this duplex located?
The property is located at 126 Clay Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑family home built in 1900 with 2 bedrooms and dining plus additional rooms in attic space; Attic area includes potential for a 2nd‑floor townhouse‑style unit with additional rooms; Partially finished lower level with a separate entrance
