Updated Two-Family
For Sale
$374,900
30 Desrochers Avenue, Woonsocket, RI 02895
Two residential units feature stainless steel appliances and views across Woonsocket.
Property Size1,320 SF
Price / SF$284.02
Days on Market11
Property Features for 30 Desrochers Avenue
General Information
Standard status
Active
Size
1,320 SF
Property subtype
Multi-Unit (2-4)
Additional Details
Multifamily Units
2
Amenities
stainless steel appliances
Lot Size Acres: 0.1, Lot Size Square Feet: 4356
Total Taxes: $3,664, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Vinyl Floor, Laminate Floor, Tile Floor
Has Central AC: 1, Wall/Window AC: 1
Forced Air Heating, Gas Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-08-13
Basement Type: Full, Partly Finished, Walkout
3 Bedrooms
Residential Style: Upside Down, 2 Stories, Built in 1920, 9 Rooms
Above Area Square Feet: 1320
Near Bus
2 Full Baths, One Half Bath
Amps: 100
Vinyl Siding
Building Details
Year Built
1920
Listing Agency:
Your Home Sold Guaranteed Realty, The Nathan Clark Team
(401) 232-7661
Listed By:
Rachel Sanville
(401) 232-7661
Source:
Doyle-realty
Added: Aug 13
Changed: Aug 23
Last Checked: Aug 22 at 3:46AM
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 Your Home Sold Guaranteed Realty, The Nathan Clark Team
Investment Insights
Based on property information with market context.
This updated two-unit residential property offers 1,320 square feet across an up-and-down duplex layout. Built in 1920, the home includes stainless steel appliances and is configured for multifamily ownership or flexible residential use.
The property is located at 30 Desrochers Avenue in Woonsocket, Rhode Island, on a quiet dead-end street. Elevated views extend across Woonsocket, adding an outlook to both the setting and the residential configuration.
The property is located at 30 Desrochers Avenue in Woonsocket, Rhode Island, on a quiet dead-end street. Elevated views extend across Woonsocket, adding an outlook to both the setting and the residential configuration.
Key Highlights
- Updated up‑and‑down duplex with 2 residential units
- 1,320 square feet of property size
- Stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,979
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,580
$439.6K
Cap Rate 7%
$313,986
$314.0K
Cap Rate 9%
$244,211
$244.2K
Market Conditions
NOI Build-Up for 1,320 SF
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.
Gross rent
$33.6K $25.44/SF
− Vacancy
−$2.2K −$1.65/SF
EGI
$31.4K $23.79/SF
− OpEx
−$9.4K −$7.14/SF
NOI
$22.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,580
Cap Rate 7%
$313,986
Cap Rate 9%
$244,211
Alternative Uses
Best Use
Multifamily LT 5
$314.0K
$274.7K – $366.3K
NOI $21,979 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$249.2K
$218.0K – $290.7K
NOI $17,443 @ 7.0% cap · market cap 4.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature stainless steel appliances and views across Woonsocket.
Where is this duplex located?
The property is located at 30 Desrochers Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Updated up‑and‑down duplex with 2 residential units; 1,320 square feet of property size; Stainless steel appliances
