Duplex with Screened
181 Saratoga Avenue, Pawtucket, RI 02861
For Sale
$649,900
Two residential units feature hardwood floors, updated heating and hot water systems, and sunrooms.
Property Size2,648 SF
Price / SF$245.43
Days on Market151
Property Features for 181 Saratoga Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Paved Driveway
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
CENTURY 21 Stachurski Agency
(401) 725-1115
Listed By:
Nancy Denelle
(617) 803-7998
Source:
Caldwellrealtyri
Added: Jun 12
Changed: Nov 7
Last Checked: Nov 9 at 5:01PM
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 CENTURY 21 Stachurski Agency
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Investment Insights
Based on property information with market context.
This 1926 duplex in Pawtucket contains 2,648 square feet. The first-floor unit has seven rooms, including two bedrooms, a living room, dining room, kitchen, sitting room, and sunroom. The second-floor unit offers six rooms, with two bedrooms, a living room, dining room, kitchen, and sunroom. Both apartments have hardwood flooring and newer heating and hot water systems. The property also includes an oversized yard, a detached two-car garage, and a screened porch.
The second-floor apartment is leased through November 1, 2026. Highways, train service, and schools are described as minutes away.
The second-floor apartment is leased through November 1, 2026. Highways, train service, and schools are described as minutes away.
Key Highlights
- 2,648‑square‑foot duplex built in 1926
- Two units, each with two bedrooms and a sunroom
- First‑floor apartment has seven rooms; second‑floor apartment has six
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,090
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,800
$881.8K
Cap Rate 7%
$629,857
$629.9K
Cap Rate 9%
$489,889
$489.9K
Market Conditions
NOI Build-Up for 2,648 SF
Gross rent
$67.4K $25.44/SF
− Vacancy
−$4.4K −$1.65/SF
EGI
$63.0K $23.79/SF
− OpEx
−$18.9K −$7.14/SF
NOI
$44.1K $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 Rate 5%
$881,800
Cap Rate 7%
$629,857
Cap Rate 9%
$489,889
Alternative Uses
Best Use
Multifamily LT 5
$629.9K
$551.1K – $734.8K
NOI $44,090 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$499.9K
$437.4K – $583.2K
NOI $34,992 @ 7.0% cap · market cap 5.38%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
776
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
$285,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pawtucket, RI
Properties on Market for Duplexes in Pawtucket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature hardwood floors, updated heating and hot water systems, and sunrooms.
Where is this duplex located?
The property is located at 181 Saratoga Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,648‑square‑foot duplex built in 1926; Two units, each with two bedrooms and a sunroom; First‑floor apartment has seven rooms; second‑floor apartment has six
