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Two-Unit Duplex with Separate Utilities
For Sale
$399,900

147 Bloodgood Street, Pawtucket, RI 02861

Two residential units feature separate utilities and hardwood flooring.

Property Size1,366 SF
Price / SF$292.75
Days on Market19

Property Features for 147 Bloodgood Street

General Information

Standard status Active
Size 1,366 SF
Property subtype MultiFamily

Property Condition

Severity Repairs Needed
Evidence needs updating

Units

Unit Mix 1 x 2BR, 1 x 1BR
Multifamily Units 2

Building Details

Year Built 1930
Listing Agency: Mateus Realty
Listed By: Jeffrey Mateus · License #REB.0018097
Source: Lockandkeyre
Added: Sep 17 Changed: Oct 4 Last Checked: Oct 5 at 6:08PM

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 Mateus Realty

Investment Insights

Based on property information with market context.

This duplex contains two residential units within a 1930-built property. The first-floor residence has two bedrooms, while the upper-level residence has one bedroom. Hardwood flooring and separately metered utilities are existing features, and the layout provides distinct living spaces for each unit.

Located at 147 Bloodgood Street in Pawtucket’s Darlington area, the property requires updating. The condition and existing configuration should be evaluated alongside renovation plans. The property will not qualify for FHA financing.

Key Highlights

  • Two‑unit duplex with a 2‑bedroom first‑floor unit and 1‑bedroom second‑floor unit
  • Separate utilities for the residential units
  • Hardwood flooring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$22,745
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,900 $454.9K
Cap Rate 7%
$324,929 $324.9K
Cap Rate 9%
$252,722 $252.7K
Market Conditions
NOI Build-Up for 1,366 SF
Gross rent
$34.8K $25.44/SF
− Vacancy
−$2.3K −$1.65/SF
EGI
$32.5K $23.79/SF
− OpEx
−$9.7K −$7.14/SF
NOI
$22.7K $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%
$454,900
Cap Rate 7%
$324,929
Cap Rate 9%
$252,722

Alternative Uses

Best Use
Multifamily LT 5
$324.9K
$284.3K – $379.1K (±1% cap)
NOI $22,745 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$257.9K
$225.6K – $300.9K (±1% cap)
NOI $18,051 @ 7.0% cap · market cap 4.51%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Food Market Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

439
Businesses Nearby

Demographics for 02861, RI

27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two residential units feature separate utilities and hardwood flooring.
Where is this duplex located?
The property is located at 147 Bloodgood Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom first‑floor unit and 1‑bedroom second‑floor unit; Separate utilities for the residential units; Hardwood flooring
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