Two-Unit Duplex with
New
For Sale
$649,900
25 Lamoureux Boulevard, North Smithfield, RI 02896
Separate apartments, a barn, and a workshop offer varied living and storage configurations on a substantial rural property.
Property Size3,247 SF
Lot Size17.77 Acres
Price / SF$200.15
Days on Market1
Property Features for 25 Lamoureux Boulevard
General Information
Standard status
Active
Size
3,247 SF
Lot size
17.77 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
The home needs updating
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1800
Listing Agency:
Keller Williams Real Sig. Prop
Listed By:
Becky Archambeault · License #50880
Source:
Foreverhomesrealestate
Added: Oct 16
Last Checked: Oct 16 at 2:25PM
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 Real Sig. Prop
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Investment Insights
Based on property information with market context.
Built in 1800, this 3,247-square-foot duplex contains two apartments: a first-floor home with three bedrooms, one full and one half bath, a sunroom, and a vaulted-ceiling primary suite; and a second-floor unit with two bedrooms and one bath. An antique barn and a separate outbuilding configured as an equipment garage and workshop provide additional space. The property needs updating. Recent work includes a newer roof, a replacement oil tank, and a new well pump; the home is served by town sewer.
The property encompasses 17.77 acres in North Smithfield, at the end of a dead-end road. Much of the land is protected wetland. Route 146 and the Massachusetts line are minutes away.
The property encompasses 17.77 acres in North Smithfield, at the end of a dead-end road. Much of the land is protected wetland. Route 146 and the Massachusetts line are minutes away.
Key Highlights
- Two‑unit property with 3,247 square feet on 17.77 acres
- First‑floor unit has 3 bedrooms, 1.5 baths, a sunroom, and a vaulted‑ceiling primary suite
- Second‑floor apartment includes 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,064
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,081,280
$1.1M
Cap Rate 7%
$772,343
$772.3K
Cap Rate 9%
$600,711
$600.7K
Market Conditions
NOI Build-Up for 3,247 SF
Gross rent
$82.6K $25.44/SF
− Vacancy
−$5.4K −$1.65/SF
EGI
$77.2K $23.79/SF
− OpEx
−$23.2K −$7.14/SF
NOI
$54.1K $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%
$1,081,280
Cap Rate 7%
$772,343
Cap Rate 9%
$600,711
Alternative Uses
Best Use
Multifamily LT 5
$772.3K
$675.8K – $901.1K
NOI $54,064 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$613.0K
$536.4K – $715.1K
NOI $42,908 @ 7.0% cap · market cap 6.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 02896, RI
11,154
Population
4,759
Households
2.3
Avg Household Size
48
Median Age
34%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
485
Density / Sq Mi
$109,436
Median Household Income
$57,420
Median Earnings
$1,282
Median Rent
$423,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments, a barn, and a workshop offer varied living and storage configurations on a substantial rural property.
Where is this duplex located?
The property is located at 25 Lamoureux Boulevard North Smithfield, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑unit property with 3,247 square feet on 17.77 acres; First‑floor unit has 3 bedrooms, 1.5 baths, a sunroom, and a vaulted‑ceiling primary suite; Second‑floor apartment includes 2 bedrooms and 1 bath
