Two-Family Residential Income
228 Woonasquatucket Avenue North Providence, RI 02911
228 Woonasquatucket Avenue, North Providence, RI, 02911
$589,900
For Sale
$589,900
MULTI_FAMILY - North Providence, RI
Property Size1,816 SF
Lot Size0.08 Acres
Price / SF$324.83
Days on Market80
Property Features for 228 Woonasquatucket Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Basement, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2
- Parking
- 2
- Parking features
- None
- Patio and Porch features
- Porch
- Interior features
- Wall (Dry Wall), Attic, Plumbing (Copper), Insulation (Unknown)
- Exterior features
- Porch
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Microwave, Oven/Range
- Standard status
- Active
- Size
- 1,816 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6148
Utilities
- Heating system
- Natural Gas, Forced Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Flooring type
- Carpet, Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Vinyl Siding
Listing Agency
Sd Realty Associates
(401) 585-5791
301 Reservoir Avenue, Suite 1, Coventry, RI
Listed by
Kim Caparrelli
(401) 585-5791
Added: Apr 28 Checked: Jul 16 at 11:06 pm
MLS# 1411143
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.
Well-maintained two-family home featuring two separate units. Each unit includes three bedrooms and one full bath, along with an eat-in kitchen and comfortable living spaces. The property also offers a fully fenced-in yard.
Located in North Providence, Rhode Island, the home is described as convenient to shopping, restaurants, schools, and major highways.
The current setup is designed to support either owner-occupied living or rental use within the two-unit structure.
Located in North Providence, Rhode Island, the home is described as convenient to shopping, restaurants, schools, and major highways.
The current setup is designed to support either owner-occupied living or rental use within the two-unit structure.
Key Highlights
- Two‑family home built in 1900 with 3 bedrooms and 1 full bath in each unit
- Each unit includes an eat‑in kitchen, plus comfortable living spaces and functional room layouts
- Fenced‑in yard with porch access for outdoor use
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 | $46.2k | $25.44 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.2k | $23.79 |
| − OpEx | −$13.0k | −$7.14 |
| NOI | $30.2k | $16.65 |
1,816 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$432.0K
$378.0K – $504.0K
NOI $30,237 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$342.8K
$300.0K – $400.0K
NOI $23,998 @ 7.0% cap · market cap 4.07%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family residence with two units, each offering three bedrooms, an eat-in kitchen, and a full bath.
Where is this duplex located?
The property is located at 228 Woonasquatucket Avenue North Providence, RI.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Two‑family home built in 1900 with 3 bedrooms and 1 full bath in each unit; Each unit includes an eat‑in kitchen, plus comfortable living spaces and functional room layouts; Fenced‑in yard with porch access for outdoor use
