Duplex with Hardwood
New
For Sale
$749,900
133 Roger Williams Avenue, East Providence, RI 02916
Each of the two residences has three bedrooms and two bathrooms, with a private yard and garden area on the property.
Property Size5,118 SF
Price / SF$146.52
Days on Market5
Property Features for 133 Roger Williams Avenue
General Information
Standard status
Active
Size
5,118 SF
Property subtype
MultiFamily
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
private yard and garden area
Building Details
Year Built
1900
Listing Agency:
Coldwell Banker Realty
(401) 351-2017
Listed By:
Matthew Pita · License #RES.0042385
(401) 226-3478
Source:
Lockandkeyre
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 3:16PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 5,118-square-foot duplex, built in 1900, contains two residential units. Each unit has three bedrooms and two bathrooms, along with hardwood flooring and recently painted walls. The property also includes a private yard and garden area.
At 133 Roger Williams Avenue in East Providence, the property is across the street from the Rumford waterfront and near Omega Pond. Dining and shopping are nearby, as are major highways and the Boston commuter rail.
At 133 Roger Williams Avenue in East Providence, the property is across the street from the Rumford waterfront and near Omega Pond. Dining and shopping are nearby, as are major highways and the Boston commuter rail.
Key Highlights
- Two residential units, each with three bedrooms and two bathrooms
- 5,118 SF property built in 1900
- Hardwood floors and recently painted walls in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,632
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,352,640
$1.4M
Cap Rate 7%
$966,171
$966.2K
Cap Rate 9%
$751,467
$751.5K
Market Conditions
NOI Build-Up for 5,118 SF
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.
Gross rent
$130.8K $25.56/SF
− Vacancy
−$7.8K −$1.53/SF
EGI
$123.0K $24.03/SF
− OpEx
−$55.3K −$10.81/SF
NOI
$67.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,352,640
Cap Rate 7%
$966,171
Cap Rate 9%
$751,467
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,217 @ 7.0% cap · market cap 11.36%
Second Best
Apartment 5plus
$966.2K
$845.4K – $1.13M
NOI $67,632 @ 7.0% cap · market cap 9.02%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
199
Businesses Nearby
Explore this area
Business Placement
Demographics for 02916, RI
8,350
Population
3,941
Households
2.1
Avg Household Size
46
Median Age
43%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
3,093
Density / Sq Mi
$96,293
Median Household Income
$60,155
Median Earnings
$1,267
Median Rent
$360,400
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 - Each of the two residences has three bedrooms and two bathrooms, with a private yard and garden area on the property.
Where is this duplex located?
The property is located at 133 Roger Williams Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two residential units, each with three bedrooms and two bathrooms; 5,118 SF property built in 1900; Hardwood floors and recently painted walls in both units
