Two-Family Duplex with Two-Car
For Sale
$445,000
296 Power Road, Pawtucket, RI 02860
Each residence has two bedrooms and a full bathroom, with a corner-lot setting and convenient access to Routes 95 and 146.
Property Size1,711 SF
Price / SF$260.08
Days on Market11
Property Features for 296 Power Road
General Information
Standard status
Active
Size
1,711 SF
Total Parking Spaces
2
Property subtype
MultiFamily
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1890
Listing Agency:
RE/MAX River's Edge - Bristol
(401) 254-1776
Listed By:
Debra Jobin · License #RES.0030277
(401) 527-7894
Source:
Lockandkeyre
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 5 at 6:23PM
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 RE/MAX River's Edge - Bristol
Investment Insights
Based on property information with market context.
This Pawtucket duplex contains two residences, each configured with two bedrooms and one full bathroom. The 1,555-square-foot property was built in 1890 and includes a two-car garage that provides parking and storage. RS zoning is also noted for the property.
Set on a corner lot, the property is near Routes 95 and 146. Shopping, dining, services, and everyday amenities are nearby.
Set on a corner lot, the property is near Routes 95 and 146. Shopping, dining, services, and everyday amenities are nearby.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom
- 1,555 square feet; built in 1890
- Two‑car garage on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,489
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,780
$569.8K
Cap Rate 7%
$406,986
$407.0K
Cap Rate 9%
$316,544
$316.5K
Market Conditions
NOI Build-Up for 1,711 SF
Gross rent
$43.5K $25.44/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$40.7K $23.79/SF
− OpEx
−$12.2K −$7.14/SF
NOI
$28.5K $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%
$569,780
Cap Rate 7%
$406,986
Cap Rate 9%
$316,544
Alternative Uses
Best Use
Multifamily LT 5
$407.0K
$356.1K – $474.8K
NOI $28,489 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$323.0K
$282.6K – $376.8K
NOI $22,610 @ 7.0% cap · market cap 5.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and a full bathroom, with a corner-lot setting and convenient access to Routes 95 and 146.
Where is this duplex located?
The property is located at 296 Power Road Pawtucket, RI.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 1,555 square feet; built in 1890; Two‑car garage on a corner lot
