Duplex with Private
For Sale
$679,900
179 Shun Pike, Johnston, RI 02919
Separate driveways and basement areas give each residence its own distinct spaces.
Property Size2,223 SF
Price / SF$305.85
Days on Market11
Property Features for 179 Shun Pike
General Information
Standard status
Active
Size
2,223 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private basement
Building Details
Year Built
1970
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Benjamin Antonelli · License #RES.0043100
(401) 578-8901
Source:
Lockandkeyre
Added: Oct 7
Changed: Oct 16
Last Checked: Oct 16 at 9:51AM
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 Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Johnston duplex contains two residences, each with three bedrooms, one and a half baths, and a private basement. The building totals 2,223 square feet. A newer roof and septic system are among the property’s updates, and each residence has a separate driveway.
Interstate 295 is less than five minutes away, while Providence is a 12-minute drive from the property. The location provides access to both the interstate and the city by car.
Interstate 295 is less than five minutes away, while Providence is a 12-minute drive from the property. The location provides access to both the interstate and the city by car.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 baths
- 2,223 square feet
- A private basement for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,014
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$740,280
$740.3K
Cap Rate 7%
$528,771
$528.8K
Cap Rate 9%
$411,267
$411.3K
Market Conditions
NOI Build-Up for 2,223 SF
Gross rent
$56.6K $25.44/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$52.9K $23.79/SF
− OpEx
−$15.9K −$7.14/SF
NOI
$37.0K $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%
$740,280
Cap Rate 7%
$528,771
Cap Rate 9%
$411,267
Alternative Uses
Best Use
Multifamily LT 5
$528.8K
$462.7K – $616.9K
NOI $37,014 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$419.7K
$367.2K – $489.6K
NOI $29,376 @ 7.0% cap · market cap 4.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate driveways and basement areas give each residence its own distinct spaces.
Where is this duplex located?
The property is located at 179 Shun Pike Johnston, RI.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1.5 baths; 2,223 square feet; A private basement for each residence
