Duplex with Private
New
For Sale
$679,900
181 Shun Pike, Johnston, RI 02919
Residential Income, Johnston, RI
Property Size2,223 SF
Lot Size0.31 Acres
Price / SF$305.85
Days on Market3
Property Features for 181 Shun Pike
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Basement, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Parking
5
Interior features
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Breezeway
Basement
Full, Unfinished, Storage Space
Appliances
Oven, Range, Refrigerator, Electric Water Heater
Subdivision
Bishop Heights
Standard status
Active
Size
2,223 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6352
Utilities
Sewer type
Septic Tank
Heating system
Baseboard, Oil
Water source
Public
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Vinyl, Carpet
Building materials
Dry Wall, Brick, Vinyl Siding
Listing Agency:
Real Broker, Llc
(855) 450-0442
Listed By:
Benjamin Antonelli
(401) 578-8901
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 9 at 7:06AM
MLS# 1425280
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1970, this duplex contains two residences, each with three bedrooms, one and a half bathrooms, and a private basement. The 2,223-square-foot building sits on a 0.3121-acre lot. A breezeway, dual driveways, and separate outdoor areas add to the property’s divided configuration. The homes are served by public water and a septic system; the roof and septic system are described as newer.
Key Highlights
- Two residences, each with 3 bedrooms and 1.5 bathrooms
- 2,223 square feet on a 0.3121‑acre lot
- Private basement serving 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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 separate residences provide independent living space and dedicated storage below grade.
Where is this duplex located?
The property is located at 181 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 bathrooms; 2,223 square feet on a 0.3121‑acre lot; Private basement serving each residence
