2-Unit Duplex with
20 Judy Terrace, West Warwick, RI 02893
For Sale
$475,000
Pending
Separate entrances and laundry areas provide distinct living spaces for both households.
Property Size1,981 SF
Days on Market24
Property Features for 20 Judy Terrace
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Building Details
Year Built
Listing Agency:
SERHANT.
(401) 382-0600
Listed By:
Dina Karousos/Nicole Lucenti Team
(401) 451-6461
Source:
Lockandkeyre
Added: Oct 20
Changed: Nov 12
Last Checked: Nov 12 at 7:58AM
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 SERHANT.
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Investment Insights
Based on property information with market context.
Built in 1966, this 1,981-square-foot duplex contains two residences. The upper home has three bedrooms, hardwood flooring, an open layout, a full bathroom with laundry, and an oversized deck. The garden-level unit includes one bedroom, a full bathroom, separate laundry, a private entrance, and direct access to the backyard. It is currently occupied under a month-to-month rental agreement.
The outdoor area includes mature trees, a storage shed, and a creek. The property is at 20 Judy Terrace in West Warwick, Rhode Island.
The outdoor area includes mature trees, a storage shed, and a creek. The property is at 20 Judy Terrace in West Warwick, Rhode Island.
Key Highlights
- 1,981‑square‑foot duplex built in 1966
- Upper residence has 3 bedrooms, hardwood floors, and an oversized deck
- Garden‑level unit has 1 bedroom, a private entrance, and walk‑out backyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,784
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,680
$575.7K
Cap Rate 7%
$411,200
$411.2K
Cap Rate 9%
$319,822
$319.8K
Market Conditions
NOI Build-Up for 1,981 SF
Gross rent
$44.0K $22.20/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$41.1K $20.76/SF
− OpEx
−$12.3K −$6.23/SF
NOI
$28.8K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,680
Cap Rate 7%
$411,200
Cap Rate 9%
$319,822
Alternative Uses
Best Use
Multifamily LT 5
$411.2K
$359.8K – $479.7K
NOI $28,784 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$377.8K
$330.5K – $440.7K
NOI $26,443 @ 7.0% cap · market cap 5.57%
Theoretical Best
Specialty Retail
$496.2K
$434.1K – $578.9K
NOI $34,731 @ 7.0% cap · market cap 7.31%
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
Paved road access
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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Business Placement
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in West Warwick, RI
Properties on Market for Duplexes in West Warwick
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances and laundry areas provide distinct living spaces for both households.
Where is this duplex located?
The property is located at 20 Judy Terrace West Warwick, RI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,981‑square‑foot duplex built in 1966; Upper residence has 3 bedrooms, hardwood floors, and an oversized deck; Garden‑level unit has 1 bedroom, a private entrance, and walk‑out backyard access
