Well-Maintained Two-Family
18 Jackson Avenue Johnston, RI 02919
18 Jackson Avenue, Johnston, RI, 02919
$549,900
Pending
For Sale
$549,900
Pending
Two 2-bedroom units with separate forced hot air systems in a well-maintained duplex.
Property Size2,916 SF
Days on Market15
Property Features for 18 Jackson Avenue
General Information
- Standard status
- Pending
- Size
- 2,916 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1937
Listing agency
Mako Realty
(401) 301-8488
Listed by
Kiersten Luis
Source
Lockandkeyre
Added: Jul 7 Updated: Jul 21 at 1:30PM Checked: Jul 21 at 1:30PM
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 Mako Realty
Investment Insights
Based on property information with market context.
Welcome to 18–20 Jackson Ave, a well-maintained two-family duplex in Johnston. The property is configured as two independent units, and each features 2 bedrooms and 1 bathroom, supported by separate forced hot air systems for individual comfort control.
The exterior includes a large driveway, a 2-car detached garage, and an easy-to-maintain backyard. The home is located close to shopping and major commuter routes, with convenient access to highways.
This is a for-sale property offered with conventional financing due to a 90-day flip rule.
The exterior includes a large driveway, a 2-car detached garage, and an easy-to-maintain backyard. The home is located close to shopping and major commuter routes, with convenient access to highways.
This is a for-sale property offered with conventional financing due to a 90-day flip rule.
Key Highlights
- Well‑maintained 2‑family home built in 1937 at 18‑20 Jackson Ave in Johnston
- Two units, each with 2 bedrooms and 1 bathroom
- Each unit has separate forced hot air for independent heating control
Local 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 | $74.2k | $25.44 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.4k | $23.79 |
| − OpEx | −$20.8k | −$7.14 |
| NOI | $48.6k | $16.65 |
2,916 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.6K
$606.9K – $809.2K
NOI $48,553 @ 7.0% cap · market cap 8.83%
Second Best
Apartment 5plus
$550.5K
$481.7K – $642.2K
NOI $38,534 @ 7.0% cap · market cap 7.01%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom units with separate forced hot air systems in a well-maintained duplex.
Where is this duplex located?
The property is located at 18 Jackson Avenue Johnston, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1937 at 18‑20 Jackson Ave in Johnston; Two units, each with 2 bedrooms and 1 bathroom; Each unit has separate forced hot air for independent heating control
