Duplex with Private
For Sale
$674,900
179 Shun Pike, Johnston, RI 02919
Two separate driveways and outdoor areas support independent access and use for each residence.
Property Size2,223 SF
Price / SF$303.60
Days on Market9
Property Features for 179 Shun Pike
General Information
Standard status
Active
Size
2,223 SF
Property subtype
MultiFamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Benjamin Antonelli · License #RES.0043100
(401) 578-8901
Source:
Lockandkeyre
Added: Oct 29
Changed: Nov 5
Last Checked: Nov 4 at 4:34PM
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
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Investment Insights
Based on property information with market context.
This 1970 duplex contains two residences, each with 3 bedrooms, 1.5 baths, and a private basement. The property totals 2,223 square feet, with a newer roof and septic system serving the building. Separate driveways and outdoor areas provide each residence with distinct access and exterior space.
The property is less than five minutes from the interstate and 12 minutes from Providence, with dining, shopping, and entertainment accessible nearby.
The property is less than five minutes from the interstate and 12 minutes from Providence, with dining, shopping, and entertainment accessible nearby.
Key Highlights
- Two units, each with 3 bedrooms and 1.5 baths
- Private basement serving each residence
- 2,223 square feet total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,014
Cap Rate
5.48%
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 5.48%
Second Best
Apartment 5plus
$419.7K
$367.2K – $489.6K
NOI $29,376 @ 7.0% cap · market cap 4.35%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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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
$326,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Providence County, RI
Properties on Market for Duplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate driveways and outdoor areas support independent access and use for each residence.
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 $674,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1.5 baths; Private basement serving each residence; 2,223 square feet total
