Two-Unit Duplex with Private
New
For Sale
$569,000
140 Hamilton Street, Woonsocket, RI 02895
Both three-bedroom apartments are leased and include separate front and rear entrances.
Property Size2,352 SF
Price / SF$241.92
Days on Market3
Property Features for 140 Hamilton Street
General Information
Standard status
Active
Size
2,352 SF
Property subtype
MultiFamily
Occupancy
100%
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
private porches
laundry room
walk-up attic
fenced-in backyard
large shed
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Gold Door Realty
(401) 343-7007
Listed By:
Tom Keith · License #RES.0040306
(401) 529-6468
Source:
Lockandkeyre
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:54AM
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 Gold Door Realty
Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex, built in 1920, contains two three-bedroom apartments with comparable layouts. Each unit has its own front and rear entrance and a private porch with composite decking. Interior details include stone kitchen countertops, stainless steel appliances, wood trim, and a mix of ceramic tile and LVP flooring; one apartment also has natural wood floors in the formal dining room. The full basement accommodates laundry, mechanical equipment, and storage, with additional space in the walk-up attic.
The property occupies a fenced corner lot in Woonsocket’s Bernon neighborhood. Two driveways provide separate parking areas, while the fenced backyard includes a large storage shed and an operating sprinkler system. Energy-efficiency upgrades were completed through RISE, and the property has lead certificates.
The property occupies a fenced corner lot in Woonsocket’s Bernon neighborhood. Two driveways provide separate parking areas, while the fenced backyard includes a large storage shed and an operating sprinkler system. Energy-efficiency upgrades were completed through RISE, and the property has lead certificates.
Key Highlights
- 2,352‑square‑foot duplex built in 1920
- Two leased apartments, each with three bedrooms
- Separate front and rear entrances and private composite‑deck porches for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,162
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,240
$783.2K
Cap Rate 7%
$559,457
$559.5K
Cap Rate 9%
$435,133
$435.1K
Market Conditions
NOI Build-Up for 2,352 SF
Gross rent
$59.8K $25.44/SF
− Vacancy
−$3.9K −$1.65/SF
EGI
$55.9K $23.79/SF
− OpEx
−$16.8K −$7.14/SF
NOI
$39.2K $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%
$783,240
Cap Rate 7%
$559,457
Cap Rate 9%
$435,133
Alternative Uses
Best Use
Multifamily LT 5
$559.5K
$489.5K – $652.7K
NOI $39,162 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$444.0K
$388.5K – $518.0K
NOI $31,081 @ 7.0% cap · market cap 5.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
518
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 - Both three-bedroom apartments are leased and include separate front and rear entrances.
Where is this duplex located?
The property is located at 140 Hamilton Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 1920; Two leased apartments, each with three bedrooms; Separate front and rear entrances and private composite‑deck porches for both units
