Duplex with Private
For Sale
$725,000
132 Elm Street, Woonsocket, RI 02895
Two matching homes combine open living areas with private outdoor decks and basement utility space.
Property Size3,312 SF
Price / SF$218.90
Days on Market13
Property Features for 132 Elm Street
General Information
Standard status
Active
Size
3,312 SF
Property subtype
MultiFamily
Building Details
Year Built
2024
Listing Agency:
Residential Properties Ltd.
(401) 245-9600
Listed By:
Collin Marchand · License #RES.0044072
(401) 626-9750
Source:
Lockandkeyre
Added: Sep 23
Changed: Oct 4
Last Checked: Oct 5 at 6:21PM
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 Residential Properties Ltd.
Investment Insights
Based on property information with market context.
Completed in 2024, this 3,312-square-foot duplex contains two matching residences, each with three bedrooms and two full bathrooms. Together, the property offers six bedrooms and four full bathrooms. The kitchen, dining area, and living room share an open arrangement. Kitchen features include granite counters, stainless steel appliances, a double-door refrigerator, and an island with seating. Hardwood flooring runs through the living areas, and each residence has its own deck. Both homes also have HVAC systems and access to a basement with walk-out access, exterior stairs to the yard, and washer and dryer hookups.
Local shops, restaurants, coffee spots, and the YMCA are within walking distance. Route 295 provides access to surrounding communities.
Local shops, restaurants, coffee spots, and the YMCA are within walking distance. Route 295 provides access to surrounding communities.
Key Highlights
- Two residences with matching three‑bedroom, two‑bathroom layouts
- 3,312 square feet; six bedrooms and four full bathrooms combined
- Built in 2024
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.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching homes combine open living areas with private outdoor decks and basement utility space.
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 with matching three‑bedroom, two‑bathroom layouts; 3,312 square feet; six bedrooms and four full bathrooms combined; Built in 2024
