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Two-Unit Residential Income Property

193 Harrison Street Pawtucket, RI 02860

193 Harrison Street, Pawtucket, RI, 02860
$679,900
Pending
For Sale
Claim this Listing
$679,900
Pending

MULTI_FAMILY - Pawtucket, RI

Property Size3,500 SF
Lot Size0.10 Acres
AddedNov 8, 2025
Days on Market250
Last RefreshJul 16 at 2:06 am

Property Features for 193 Harrison Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
5
Rooms
Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 7, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 1, Bedroom 2, Basement
Parking
5
Parking features
None
Interior features
Wall (Dry Wall), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
Basement
Full, Finished
Appliances
Gas Water Heater
Standard status
Pending
Size
3,500 SF
Lot size
0.10 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
7399

Utilities

Heating system
Natural Gas, Baseboard

Building Details

Year built
2021
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Dry Wall, Vinyl Siding

Listing agent Bryan Quinlan

Listing office Keller Williams Leading Edge 28 Thurber Boulevard, Lincoln, RI

Listing date Nov 8, 2025

MLS# 1399766 Listing URL

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 turnkey two-family residential income property was built in 2021 and offers two separate units with open-concept living and contemporary kitchens. The first-floor unit is expanded to a 5-bedroom, 3-bath layout and includes exclusive access to a fully finished, legal basement with egress windows. The lower level features a kitchenette, two flexible bedrooms or office spaces, shared laundry, and heated floors. A separate electric meter supports the units, and interior updates include fresh paint and new bedroom flooring, along with updated exterior finishes.

The second-floor unit mirrors the main level’s layout and finishes, offering 3 bedrooms and 2 baths. Off-street parking is available for 4+ vehicles, and the property includes a new vinyl privacy fence and energy-efficient systems.

Located at 193 Harrison Street in Pawtucket, this property is presented for sale with attention to modern, move-in-ready condition.

Key Highlights

  • Built in 2021, 8‑bedroom two‑family home with a first‑floor unit and a second‑floor unit.
  • First‑floor unit: expanded to 5 bedrooms and 3 bathrooms with access to a fully finished, legal basement with egress windows.
  • Basement includes a kitchenette, two additional bedrooms or office spaces, a shared laundry area, and heated floors.

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 $89.0k $25.44
− Vacancy −$5.8k −$1.65
EGI $83.3k $23.79
− OpEx −$25.0k −$7.14
NOI $58.3k $16.65
3,500 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$832.5K
$728.5K – $971.3K (±1% cap)
NOI $58,277 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$660.7K
$578.1K – $770.9K (±1% cap)
NOI $46,251 @ 7.0% cap · market cap 6.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Florist Home Appliance Store Pet Grooming Service Pet Store Law Firm Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Turnkey two-family home built in 2021 with 8 bedrooms, a finished legal basement, and off-street parking.
Where is this duplex located?
The property is located at 193 Harrison Street Pawtucket, 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: Built in 2021, 8‑bedroom two‑family home with a first‑floor unit and a second‑floor unit.; First‑floor unit: expanded to 5 bedrooms and 3 bathrooms with access to a fully finished, legal basement with egress windows.; Basement includes a kitchenette, two additional bedrooms or office spaces, a shared laundry area, and heated floors.
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More about this property
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