Well-Maintained Two-Family
For Sale
$525,000
146 Sterry Street, Pawtucket, RI 02860
Well-maintained two-family property with functional layouts and owner-occupant flexibility, priced for multifamily buyers.
Property Size2,099 SF
Price / SF$250.12
Days on Market9
Property Features for 146 Sterry Street
General Information
Standard status
Active
Size
2,099 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1880
Listing Agency:
Century 21 Envoy
(401) 681-8738
Listed By:
Axel Correia
Source:
Lockandkeyre
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 30 at 5:47AM
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 Century 21 Envoy
Investment Insights
Based on property information with market context.
This well-maintained two-family residential property offers functional layouts across two units and the flexibility to live in one unit while renting the other. The building is marketed as an investment with an owner-occupant option, supported by comfortable, practical unit configurations.
Located at 146 Sterry Street in Pawtucket, the property is described as convenient to schools, parks, shopping, restaurants, major highways, and the Massachusetts border. Commuting to Providence and Boston is presented as straightforward due to nearby access routes, and public transportation and everyday amenities are noted as minutes away.
With approximately 2,099 square feet of total area, this duplex-style income property is positioned for buyers seeking a straightforward two-unit layout in a location with broad day-to-day convenience.
Located at 146 Sterry Street in Pawtucket, the property is described as convenient to schools, parks, shopping, restaurants, major highways, and the Massachusetts border. Commuting to Providence and Boston is presented as straightforward due to nearby access routes, and public transportation and everyday amenities are noted as minutes away.
With approximately 2,099 square feet of total area, this duplex-style income property is positioned for buyers seeking a straightforward two-unit layout in a location with broad day-to-day convenience.
Key Highlights
- 1880‑built well‑maintained 2‑family property at 146 Sterry Street
- Two‑family setup offers owner‑occupant flexibility with rental income potential
- Functional unit layouts designed for comfortable living in both units
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 | $53.4k | $25.44 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $49.9k | $23.79 |
| − OpEx | −$15.0k | −$7.14 |
| NOI | $34.9k | $16.65 |
2,099 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.3K
$436.9K – $582.5K
NOI $34,949 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$396.2K
$346.7K – $462.3K
NOI $27,737 @ 7.0% cap · market cap 5.28%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family property with functional layouts and owner-occupant flexibility, priced for multifamily buyers.
Where is this duplex located?
The property is located at 146 Sterry Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1880‑built well‑maintained 2‑family property at 146 Sterry Street; Two‑family setup offers owner‑occupant flexibility with rental income potential; Functional unit layouts designed for comfortable living in both units
