Residential Income
300 Whipple Ave, Burrillville, RI 02858
For Sale
New
$434,900
Built in 2012, the property has a paved exterior and R20 zoning.
Property Size1,440 SF
Price / SF$302.01
Days on Market5
Property Features for 300 Whipple Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Golf
Paved
Building Details
Building Size
Year Built
Stories
Listed By:
Sonia Amaral · License RI #451502457
(508) 725-7034
Source:
Evrealestate
Added: Nov 6
Changed: Nov 9
Last Checked: Nov 9 at 1:59AM
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 Sonia Amaral
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Investment Insights
Based on property information with market context.
Located at 300 Whipple Ave in Burrillville, this residential income property was built in 2012. The exterior is paved, and the property is zoned R20.
Key Highlights
- 2012 construction
- R20 zoning
- Paved exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,029
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,580
$380.6K
Cap Rate 7%
$271,843
$271.8K
Cap Rate 9%
$211,433
$211.4K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$36.8K $25.56/SF
− Vacancy
−$2.2K −$1.53/SF
EGI
$34.6K $24.03/SF
− OpEx
−$15.6K −$10.81/SF
NOI
$19.0K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,580
Cap Rate 7%
$271,843
Cap Rate 9%
$211,433
Alternative Uses
Best Use
Apartment 5plus
$271.8K
$237.9K – $317.2K
NOI $19,029 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$342.5K
$299.7K – $399.6K
NOI $23,977 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
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Business Placement
Demographics for 02858, RI
580
Population
124
Households
4.7
Avg Household Size
37
Median Age
31%
College-Educated
100%
High-School Grad
0.6 sq mi
ZIP Area
967
Density / Sq Mi
$92,016
Median Household Income
$67,097
Median Earnings
$342,900
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Providence County, RI
Properties on Market for Residential income properties in Providence County
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2012, the property has a paved exterior and R20 zoning.
Where is this residential income property located?
The property is located at 300 Whipple Ave Burrillville, RI.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: 2012 construction; R20 zoning; Paved exterior
