Renovated Two-Family
New
For Sale
$699,900
31 Greenville Avenue, Johnston, RI 02919
Residential Income, Johnston, RI
Property Size2,495 SF
Lot Size0.18 Acres
Price / SF$280.52
Days on Market4
Property Features for 31 Greenville Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B@
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 3, Basement
Parking features
None
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed), Insulation (Cap), Insulation (Ceiling), Insulation (Walls)
Fireplace
1
Basement
Storage Space, Full, Partially Finished
Appliances
Dishwasher, Exhaust Fan, Range Hood, Electric Water Heater, Gas Water Heater
Subdivision
Greenville
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
2,495 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8223
Utilities
Heating system
Natural Gas, Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Laminate, Tile - Ceramic
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Albert Realty Inc., Realtors
(401) 944-3377
Listed By:
Scaralia Group
(401) 464-6464
Added: Oct 6
Last Checked: Oct 9 at 9:06AM
MLS# 1425184
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 renovated two-family duplex contains 2,495 square feet on a 0.18-acre lot. Each floor has three bedrooms, and the first-floor unit includes a primary suite with a full bathroom. Both kitchens are equipped, and the home has central air conditioning.
Built in 1900, the property also includes a basement and attic. Interior finishes include laminate and ceramic tile flooring; exterior construction includes vinyl siding.
Built in 1900, the property also includes a basement and attic. Interior finishes include laminate and ceramic tile flooring; exterior construction includes vinyl siding.
Key Highlights
- Two‑family duplex with 2,495 square feet on a 0.18‑acre lot
- Three bedrooms on each floor
- First‑floor primary suite with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,543
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,860
$830.9K
Cap Rate 7%
$593,471
$593.5K
Cap Rate 9%
$461,589
$461.6K
Market Conditions
NOI Build-Up for 2,495 SF
Gross rent
$63.5K $25.44/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.3K $23.79/SF
− OpEx
−$17.8K −$7.14/SF
NOI
$41.5K $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%
$830,860
Cap Rate 7%
$593,471
Cap Rate 9%
$461,589
Alternative Uses
Best Use
Multifamily LT 5
$593.5K
$519.3K – $692.4K
NOI $41,543 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 4.71%
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
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
Check the figures for this property
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 level has three bedrooms, and the first-floor unit includes a primary suite with a full bath.
Where is this duplex located?
The property is located at 31 Greenville Avenue Johnston, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family duplex with 2,495 square feet on a 0.18‑acre lot; Three bedrooms on each floor; First‑floor primary suite with a full bath
