Building Details

Year Built 1833

Tenancy Multi

Listing Agency: Keller Williams Leading Edge

Listed By: Holly Bellucci · License #RES.0041147 Show Phone

Source: Alpernandmesenbourg

Added: Jul 20 Changed: Oct 26 Last Checked: Oct 7 at 3:54PM

Report an Issue

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 Keller Williams Leading Edge

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This well-maintained 2-family residential income property features hardwood floors, spacious layouts, abundant natural light, and central air in both units. Significant updates include new heating systems and replacement windows. Outdoor space includes a large, private backyard and an in-ground pool.

A special use permit for short-term rentals is already in place, and lead certificates are available for convenience. Tax records indicate 6 beds and a 5-bed septic system.

Key Highlights

• Year built 1833: well‑maintained 2‑family home with hardwood floors and spacious units
• Both units have central air and abundant natural light
• Major improvements include new heating systems and replacement windows

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,427

Cap Rate

8.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,168,540 $1.2M

Cap Rate 7%

$834,671 $834.7K

Cap Rate 9%

$649,189 $649.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,509 SF

Gross rent

$89.3K $25.44/SF

− Vacancy

−$5.8K −$1.65/SF

EGI

$83.5K $23.79/SF

− OpEx

−$25.0K −$7.14/SF

NOI

$58.4K $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%

$1,168,540

Cap Rate 7%

$834,671

Cap Rate 9%

$649,189

Alternative Uses

Best Use

Multifamily LT 5

$834.7K

$730.3K – $973.8K (±1% cap)

NOI $58,427 @ 7.0% cap · market cap 8.66%

Second Best

Apartment 5plus

$662.4K

$579.6K – $772.8K (±1% cap)

NOI $46,370 @ 7.0% cap · market cap 6.87%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

122

Businesses Nearby

Explore this area Business Placement

Demographics for 02857, RI

8,339

Population

3,549

Households

2.3

Avg Household Size

48

Median Age

38%

College-Educated

98%

High-School Grad

43.2 sq mi

ZIP Area

193

Density / Sq Mi

$108,813

Median Household Income

$60,958

Median Earnings

$1,463

Median Rent

$387,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Scituate Commercial Investment Opportunity

80 Jackson Flat Road, Scituate, RI 02831

$899,900

17,000 SF

View details

Restaurant Property with Land

1115 Hartford Pike, Scituate, RI 02857

Contact for pricing

1,748 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Well-maintained 2-family home with hardwood floors, central air, updated heating, and replacement windows, plus a private backyard with pool.

Where is this duplex located?

The property is located at 189 Danielson Pike Scituate, RI.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: Year built 1833: well‑maintained 2‑family home with hardwood floors and spacious units; Both units have central air and abundant natural light; Major improvements include new heating systems and replacement windows