Duplex with In-Ground
For Sale
$700,000
189 Danielson Pike, Scituate, RI 02857
Residential Income, Scituate, RI
Property Size3,509 SF
Lot Size0.46 Acres
Price / SF$199.49
Days on Market48
Property Features for 189 Danielson Pike
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Basement, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking
4
Parking features
None
Fireplace
1
Basement
Full, Unfinished
Appliances
Electric Water Heater
Standard status
Active
Size
3,509 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9231
Utilities
Sewer type
Septic Tank
Heating system
Oil, Forced Air
Cooling system
Central Air
Water source
Private
Amenities
pool
Building Details
Year built
1833
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile - Ceramic
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Holly Bellucci · License #RES.0041147
(401) 225-4943
Added: Jul 13
Changed: Aug 20
Last Checked: Aug 29 at 2:06AM
MLS# 1417732
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.
This duplex contains two residential units within a 3509-square-foot property built in 1833. Interior features include hardwood and ceramic tile flooring, central air, fireplaces, and spacious layouts with natural light. Major updates include replacement windows and new heating systems using oil and forced air. The property also includes an in-ground pool and a large private backyard.
A special use permit for short-term rentals is in place. The property is served by a private water source and septic tank, with an electric water heater. It is located near local shops, restaurants, schools, parks, and commuter routes in Scituate, Rhode Island. Tax records reference 6 beds and a 5 bed septic system.
A special use permit for short-term rentals is in place. The property is served by a private water source and septic tank, with an electric water heater. It is located near local shops, restaurants, schools, parks, and commuter routes in Scituate, Rhode Island. Tax records reference 6 beds and a 5 bed septic system.
Key Highlights
- Two‑unit duplex with 3509 square feet of property size
- 0.46‑acre lot with a large private backyard and in‑ground pool
- Special use permit for short‑term rentals is in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,427
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,168,540
$1.2M
Cap Rate 7%
$834,671
$834.7K
Cap Rate 9%
$649,189
$649.2K
Market Conditions
NOI Build-Up for 3,509 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $58,427 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$662.4K
$579.6K – $772.8K
NOI $46,370 @ 7.0% cap · market cap 6.62%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include hardwood flooring, central air, replacement windows, and a private backyard with an in-ground 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 $700,000.
What are key features of this property?
This property features: Two‑unit duplex with 3509 square feet of property size; 0.46‑acre lot with a large private backyard and in‑ground pool; Special use permit for short‑term rentals is in place
