Remodeled 2-Unit
32 Bellevue Ave, Pawtucket, RI 02861
For Sale
New
$599,000
Both residences have three bedrooms, individual utility meters, and separate outdoor spaces.
Property Size2,314 SF
Lot Size0.11 Acres
Price / SF$258.86
Days on Market2
Property Features for 32 Bellevue Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Multifamily Units
Individually Metered Utilities
Amenities
exterior balcony
front porch
common laundry area
fenced yard
custom ramp
Building Details
Year Built
Listing Agency:
Raquel Medina, Lock And Key Realty Inc
Listed By:
The Ponte Group
(508) 642-4802
Source:
Pontegroupne
Added: Nov 6
Last Checked: Nov 6 at 7:37AM
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 Raquel Medina, Lock And Key Realty Inc
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Investment Insights
Based on property information with market context.
Built in 1920, this two-unit property contains 2,314 square feet of living area on a 5,000-square-foot lot. Each residence has three bedrooms, an updated kitchen and bath, hardwood flooring, a balcony, and a front porch. The first-floor kitchen has gas cooking, and the units are individually metered. A 1,157-square-foot basement includes partially finished space with a home office and shared laundry hookups.
The exterior includes vinyl siding, a detached two-car garage with storage above, and a level, fenced yard with a ramp. The property is in Pawtucket’s Darlington neighborhood, with access to I-95, RIPTA bus routes, and commuter rail service to Providence and Boston. Gas heat conversion is a potential option.
The exterior includes vinyl siding, a detached two-car garage with storage above, and a level, fenced yard with a ramp. The property is in Pawtucket’s Darlington neighborhood, with access to I-95, RIPTA bus routes, and commuter rail service to Providence and Boston. Gas heat conversion is a potential option.
Key Highlights
- Two residences, each with three bedrooms
- 2,314 square feet of living area on a 5,000‑square‑foot lot
- 1,157‑square‑foot basement with partially finished office space and shared laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,529
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,580
$770.6K
Cap Rate 7%
$550,414
$550.4K
Cap Rate 9%
$428,100
$428.1K
Market Conditions
NOI Build-Up for 2,314 SF
Gross rent
$58.9K $25.44/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$55.0K $23.79/SF
− OpEx
−$16.5K −$7.14/SF
NOI
$38.5K $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%
$770,580
Cap Rate 7%
$550,414
Cap Rate 9%
$428,100
Alternative Uses
Best Use
Multifamily LT 5
$550.4K
$481.6K – $642.2K
NOI $38,529 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$436.8K
$382.2K – $509.6K
NOI $30,578 @ 7.0% cap · market cap 5.10%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Pawtucket, RI
Properties on Market for Duplexes in Pawtucket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have three bedrooms, individual utility meters, and separate outdoor spaces.
Where is this duplex located?
The property is located at 32 Bellevue Ave Pawtucket, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; 2,314 square feet of living area on a 5,000‑square‑foot lot; 1,157‑square‑foot basement with partially finished office space and shared laundry hookups
