Renovated Two-Family
For Sale
$649,900
31 Greenville Avenue, Johnston, RI 02919
Both levels have three bedrooms, and the first-floor suite includes a full bath.
Property Size2,495 SF
Price / SF$260.48
Days on Market28
Property Features for 31 Greenville Avenue
General Information
Standard status
Active
Size
2,495 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Albert Realty Inc., REALTORS
(401) 944-3377
Listed By:
Scaralia Group
(401) 464-6464
Source:
Lockandkeyre
Added: Oct 6
Changed: Nov 1
Last Checked: Nov 1 at 5:45AM
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 Albert Realty Inc., REALTORS
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Investment Insights
Based on property information with market context.
This 2,495-square-foot duplex was built in 1900 and has undergone a full renovation. Each floor contains three bedrooms and a kitchen, with both kitchens equipped. The first floor also includes a primary suite with a full bath.
The property is in Johnston, near shopping, dining, schools, and other everyday services.
The property is in Johnston, near shopping, dining, schools, and other everyday services.
Key Highlights
- Full renovation throughout the property
- Two levels, each with 3 bedrooms and a kitchen
- First‑floor primary suite with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,543
Cap Rate
6.39%
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 6.39%
Second Best
Apartment 5plus
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 5.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both levels have three bedrooms, and the first-floor suite includes 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 $649,900.
What are key features of this property?
This property features: Full renovation throughout the property; Two levels, each with 3 bedrooms and a kitchen; First‑floor primary suite with a full bath
