Duplex with Two-Car
290 West Forest Avenue Pawtucket, RI 02860
290 West Forest Avenue, Pawtucket, RI, 02860
$515,000
Pending
For Sale
$515,000
Pending
MULTI_FAMILY - Pawtucket, RI
Property Size1,838 SF
Lot Size0.14 Acres
Days on Market49
Property Features for 290 West Forest Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RS
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2, Basement, Bathroom 1
- Parking
- 6
- Interior features
- Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Fireplace
- 1
- Basement
- Finished, Storage Space, Full
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 1,838 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5348
Utilities
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1930
- Number of units
- 2
- Flooring type
- Hardwood, Carpet
- Building materials
- Dry Wall, Plaster, Vinyl Siding
Listing agency
Re/Max River's Edge
(401) 245-2000
Listed by
Michelle Cartwright · License #224874
(401) 245-2000
Added: Jun 3 Updated: Jul 16 at 3:23PM Checked: Jul 21 at 10:06AM
MLS# 1414073
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 offers two separate residential units, each with generous living space. The first-floor unit includes a fireplaced living room, dining room, hardwood floors, and a deck that overlooks the backyard. The second-floor unit features two bedrooms plus a home office, providing flexibility for a variety of household needs. Updates noted in the remarks include a young roof, windows, and siding.
Set on West Forest Avenue in Pawtucket, RI, the property is in an RS-zoned residential setting surrounded by owner-occupied homes. The home includes a two-car garage and ample off-street parking. The listing also highlights an easy commuter location with access to major routes, shopping, and other local amenities.
For buyers or owner-occupants, this layout can support multi-generational living or shared expenses while maintaining separate living areas. For investors, the two-unit configuration provides two income-producing residences within one property. With the exterior improvements noted and the practical parking and deck features already in place, the duplex presents a straightforward option for those seeking a maintained residential income property.
Set on West Forest Avenue in Pawtucket, RI, the property is in an RS-zoned residential setting surrounded by owner-occupied homes. The home includes a two-car garage and ample off-street parking. The listing also highlights an easy commuter location with access to major routes, shopping, and other local amenities.
For buyers or owner-occupants, this layout can support multi-generational living or shared expenses while maintaining separate living areas. For investors, the two-unit configuration provides two income-producing residences within one property. With the exterior improvements noted and the practical parking and deck features already in place, the duplex presents a straightforward option for those seeking a maintained residential income property.
Key Highlights
- Two‑unit property built in 1930 with interior features including plaster and dry wall construction
- Fireplace in the first‑floor living room; gas water heater; heating includes steam and natural gas
- First‑floor unit includes fireplaced living room, dining room, hardwood flooring, and a deck overlooking the backyard
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 | $46.8k | $25.44 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $43.7k | $23.79 |
| − OpEx | −$13.1k | −$7.14 |
| NOI | $30.6k | $16.65 |
1,838 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$437.2K
$382.6K – $510.1K
NOI $30,604 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$347.0K
$303.6K – $404.8K
NOI $24,288 @ 7.0% cap · market cap 4.72%
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
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FAQs
What type of property is this?
Duplex - Two-unit residential property with deck, fireplace, and ample off-street parking, located on a convenient commuter route.
Where is this duplex located?
The property is located at 290 West Forest Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: Two‑unit property built in 1930 with interior features including plaster and dry wall construction; Fireplace in the first‑floor living room; gas water heater; heating includes steam and natural gas; First‑floor unit includes fireplaced living room, dining room, hardwood flooring, and a deck overlooking the backyard
