Side-by-Side Two-Family
129 Liberty Street Central Falls, RI 02863
For Sale
$499,000
Pending
Spacious two-unit multifamily with four off-street parking spots and two bedrooms plus two full bathrooms per unit.
Property Size2,068 SF
Days on Market15
Property Features for 129 Liberty Street
General Information
- Standard status
- Pending
- Size
- 2,068 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing Agency:
REALPRO by The Water
(401) 600-4100
Listed By:
The Realpro Group
Source:
Lockandkeyre
Added: Jul 13
Changed: Jul 25
Last Checked: Jul 26 at 2:09PM
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 REALPRO by The Water
Investment Insights
Based on property information with market context.
This side-by-side two-family property was previously configured as two separate condominiums and is now combined into one multifamily home. The layout provides two units, with each unit offering two bedrooms and two full bathrooms, tall ceilings, and generous natural light.
The property includes four dedicated off-street parking spots for resident convenience.
Overall, the building offers a straightforward duplex-style configuration with modern, comfortable layouts designed to function well as a multi-unit rental or as an owner-occupant arrangement.
The property includes four dedicated off-street parking spots for resident convenience.
Overall, the building offers a straightforward duplex-style configuration with modern, comfortable layouts designed to function well as a multi-unit rental or as an owner-occupant arrangement.
Key Highlights
- Side‑by‑side two‑family multifamily property formerly two separate condominiums, now combined into one home
- Year built 2007
- Each unit features 2 bedrooms and 2 full bathrooms
Financial Insights For Multifamily LT 5
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 | $52.6k | $25.44 |
| − Vacancy | −$3.4k | −$1.65 |
| EGI | $49.2k | $23.79 |
| − OpEx | −$14.8k | −$7.14 |
| NOI | $34.4k | $16.65 |
2,068 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.9K
$430.4K – $573.9K
NOI $34,433 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$390.4K
$341.6K – $455.5K
NOI $27,328 @ 7.0% cap · market cap 5.48%
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-unit multifamily with four off-street parking spots and two bedrooms plus two full bathrooms per unit.
Where is this duplex located?
The property is located at 129 Liberty Street Central Falls, 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: Side‑by‑side two‑family multifamily property formerly two separate condominiums, now combined into one home; Year built 2007; Each unit features 2 bedrooms and 2 full bathrooms
