Duplex with Two-Car
For Sale
Under Contract
$445,000
296 Power Road, Pawtucket, RI 02860
Residential Income, Pawtucket, RI
Property Size1,711 SF
Lot Size0.10 Acres
Price / SF$260.08
Days on Market11
Property Features for 296 Power Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 4, Bedroom 2, Bathroom 1
Parking
6
Interior features
Wall (Paneled), Attic Storage, Stairs, Plumbing (Mixed)
Basement
Full, Unfinished
Appliances
Dryer, Oven, Range, Refrigerator, Washer, Tankless Water Heater
Standard status
Active Under Contract
Size
1,711 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4917
Utilities
Heating system
Baseboard, Oil
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
Paneled, Vinyl Siding
Additional Structures
Storage
Listing Agency:
Re/Max River's Edge - Bristol · RE/MAX International
(401) 254-1776
Listed By:
Debra Jobin · License #RES.0030277
(401) 527-7894
Added: Sep 25
Changed: Oct 5
Last Checked: Oct 5 at 4:06PM
MLS# 1423821
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 Pawtucket duplex contains two apartments, each with two bedrooms and one full bathroom. The building encompasses 1,711 square feet on a 0.1-acre corner parcel and includes a two-car garage. Built in 1890, it has paneled and vinyl-sided construction, vinyl and carpet flooring, and attic storage.
The property is at 296 Power Road, with Routes 95 and 146 nearby. Shopping, dining, and everyday services are also in the surrounding area.
The property is at 296 Power Road, with Routes 95 and 146 nearby. Shopping, dining, and everyday services are also in the surrounding area.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Two‑car garage provides parking and storage
- 1,711 square feet on a 0.1‑acre 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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments offer two bedrooms and one full bathroom apiece.
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 apartments, each with 2 bedrooms and 1 full bathroom; Two‑car garage provides parking and storage; 1,711 square feet on a 0.1‑acre corner lot
