Two-Family Duplex with Fenced
For Sale
$489,900
Pending
147 Tweed St, Pawtucket, RI 02861
Two residential units provide three-bedroom layouts, full bathrooms, off-street parking, and a private outdoor area.
Property Size2,110 SF
Days on Market75
Property Features for 147 Tweed St
General Information
Standard status
Pending
Size
2,110 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,753
Amenities
fenced yard
off-street parking
Building Details
Buildings
1
Listing Agency:
Compass
(401) 744-2692
Listed By:
The Modern Collective Group · License #BK3153120
(401) 744-2692
Source:
Exprealty
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 29 at 7:25PM
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 Compass
Investment Insights
Based on property information with market context.
Located at 147 Tweed St in Pawtucket, this two-family duplex contains 2,110 square feet of residential space. Each unit is arranged with 3 bedrooms and 1 full bathroom, offering a consistent layout across both residences. The property also includes a fenced yard and off-street parking for residents and visitors.
The home is near shopping, dining, schools, public transportation, an MBTA station, and major highways. Its two-unit configuration and matching bedroom-and-bathroom layouts provide a straightforward multifamily format for an owner-occupant or residential investor, with room for future personal updates.
The home is near shopping, dining, schools, public transportation, an MBTA station, and major highways. Its two-unit configuration and matching bedroom-and-bathroom layouts provide a straightforward multifamily format for an owner-occupant or residential investor, with room for future personal updates.
Key Highlights
- Two‑family duplex with 2,110 square feet of residential space
- Each unit includes 3 bedrooms and 1 full bathroom
- Fenced yard provides private outdoor space
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
$35,133
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
7.17%
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%
$702,660
$702.7K
Cap Rate 7%
$501,900
$501.9K
Cap Rate 9%
$390,367
$390.4K
Market Conditions
NOI Build-Up for 2,110 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
$53.7K $25.44/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.2K $23.79/SF
− OpEx
−$15.1K −$7.14/SF
NOI
$35.1K $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 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%
$702,660
Cap Rate 7%
$501,900
Cap Rate 9%
$390,367
Alternative Uses
Best Use
Multifamily LT 5
$501.9K
$439.2K – $585.6K
NOI $35,133 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$398.3K
$348.5K – $464.7K
NOI $27,883 @ 7.0% cap · market cap 5.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
Explore this area
Business Placement
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
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 - Two residential units provide three-bedroom layouts, full bathrooms, off-street parking, and a private outdoor area.
Where is this duplex located?
The property is located at 147 Tweed St Pawtucket, RI.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two‑family duplex with 2,110 square feet of residential space; Each unit includes 3 bedrooms and 1 full bathroom; Fenced yard provides private outdoor space
