Two-Unit Duplex with Private
For Sale
$725,000
132 Elm Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size3,312 SF
Lot Size0.26 Acres
Price / SF$218.90
Days on Market34
Property Features for 132 Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 1
Parking
4
Parking features
None
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Stairs, Plumbing (Copper), Plumbing (Galvanized), Plumbing (Mixed), Plumbing (PVC)
Exterior features
Deck
Basement
Full, Storage Space, Unfinished
Appliances
Exhaust Fan, Microwave, Oven, Range, Gas Water Heater
Subdivision
Cass Ave/Blackstone Ave
Lot features
Corner Lot, Fenced, Paved Driveway
Standard status
Active
Size
3,312 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3371
Utilities
Heating system
Central, Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Dry Wall
Listing Agency:
Residential Properties Ltd.
(401) 245-9600
Listed By:
Collin Marchand
(401) 626-9750
Added: Sep 23
Changed: Oct 25
Last Checked: Oct 26 at 9:06AM
MLS# 1424194
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.
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Investment Insights
Based on property information with market context.
This 3,312-square-foot duplex on a 0.26-acre lot contains two matching residences, each with three bedrooms and two full bathrooms. The open kitchen, dining, and living spaces connect in each unit. Kitchens feature granite counters, stainless steel appliances, a double-door refrigerator, and an island with seating. Hardwood flooring, central air conditioning, and natural gas forced-air heat are also included. Each residence has a private deck. A walk-out basement provides washer and dryer hookups and exterior access to the yard.
The property is within walking distance of shops, restaurants, coffee shops, and the YMCA. Route 295 offers access to surrounding communities. The property is zoned R4.
The property is within walking distance of shops, restaurants, coffee shops, and the YMCA. Route 295 offers access to surrounding communities. The property is zoned R4.
Key Highlights
- Two residences, each with 3 bedrooms and 2 full bathrooms
- 3,312 square feet on a 0.26‑acre lot
- R4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,146
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,920
$1.1M
Cap Rate 7%
$787,800
$787.8K
Cap Rate 9%
$612,733
$612.7K
Market Conditions
NOI Build-Up for 3,312 SF
Gross rent
$84.3K $25.44/SF
− Vacancy
−$5.5K −$1.65/SF
EGI
$78.8K $23.79/SF
− OpEx
−$23.6K −$7.14/SF
NOI
$55.1K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,102,920
Cap Rate 7%
$787,800
Cap Rate 9%
$612,733
Alternative Uses
Best Use
Multifamily LT 5
$787.8K
$689.3K – $919.1K
NOI $55,146 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$625.2K
$547.1K – $729.4K
NOI $43,766 @ 7.0% cap · market cap 6.04%
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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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence pairs an open kitchen, dining, and living area with a primary suite and central HVAC.
Where is this duplex located?
The property is located at 132 Elm Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 full bathrooms; 3,312 square feet on a 0.26‑acre lot; R4 zoning
