Two-Family Duplex with Separate
For Sale
$599,900
126 Clay Street, Pawtucket, RI 02860
Vinyl siding, replacement windows, gas heat, and parking are among the existing improvements.
Property Size3,599 SF
Price / SF$166.69
Days on Market50
Property Features for 126 Clay Street
General Information
Standard status
Active
Size
3,599 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
Mateus Realty
Listed By:
Luis Mateus · License #5124
(401) 434-8399
Source:
Westcottproperties
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 4 at 6:53AM
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.
This 1900-built duplex contains two residential units, each with 2 bedrooms and a dining area. Four additional attic rooms offer possible second-floor townhouse-style space. The property also includes a partially finished lower level with its own entrance, vinyl siding, replacement windows, gas heat, separate utilities, and parking. The roof is described as young.
The property is located on Clay Street in Pawtucket, with convenient highway access and proximity to Pawtucket Train Station. Restaurants, schools, and shopping are also nearby, adding a range of established services and transportation options to the surrounding area.
The property is located on Clay Street in Pawtucket, with convenient highway access and proximity to Pawtucket Train Station. Restaurants, schools, and shopping are also nearby, adding a range of established services and transportation options to the surrounding area.
Key Highlights
- Two‑family duplex with 2 bedrooms and a dining area in each unit
- Four additional attic rooms with possible second‑floor townhouse unit configuration
- Partially finished lower level with separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,559
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,180
$951.2K
Cap Rate 7%
$679,414
$679.4K
Cap Rate 9%
$528,433
$528.4K
Market Conditions
NOI Build-Up for 3,599 SF
Gross rent
$92.0K $25.56/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$86.5K $24.03/SF
− OpEx
−$38.9K −$10.81/SF
NOI
$47.6K $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%
$951,180
Cap Rate 7%
$679,414
Cap Rate 9%
$528,433
Alternative Uses
Best Use
Multifamily LT 5
$856.1K
$749.1K – $998.8K
NOI $59,925 @ 7.0% cap · market cap 9.99%
Second Best
Apartment 5plus
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 7.93%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,729
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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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 - Vinyl siding, replacement windows, gas heat, and parking are among the existing improvements.
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 $599,900.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms and a dining area in each unit; Four additional attic rooms with possible second‑floor townhouse unit configuration; Partially finished lower level with separate entrance
