Two-Unit Duplex with Separate
New
For Sale
$489,900
33 Winthrop Avenue, Pawtucket, RI 02861
The up-and-down units have individual utilities, with a fenced yard, carport, two sheds, and a second-floor bedroom deck.
Property Size1,728 SF
Price / SF$283.51
Days on Market6
Property Features for 33 Winthrop Avenue
General Information
Standard status
Active
Size
1,728 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Amenities
sheds
fenced yard
deck
Building Details
Year Built
1890
Listing Agency:
RI Real Estate Services
(401) 885-5400
Listed By:
Sean Hevenor · License #REB.0016471
(401) 499-5700
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 10:15AM
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 RI Real Estate Services
Investment Insights
Based on property information with market context.
This 1,728-square-foot duplex contains two vertically arranged units, with separate utilities serving each. The property also includes a carport, two sheds, a fenced yard, and a deck accessed from a second-floor main bedroom. A current lead test is noted, and the building dates to 1890.
Located at 33 Winthrop Avenue in Pawtucket, the property offers a defined two-unit configuration with separate utility service.
Located at 33 Winthrop Avenue in Pawtucket, the property offers a defined two-unit configuration with separate utility service.
Key Highlights
- Two units arranged in an up‑and‑down layout
- Separate utilities for the units
- 1,728 square feet; built in 1890
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,772
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,440
$575.4K
Cap Rate 7%
$411,029
$411.0K
Cap Rate 9%
$319,689
$319.7K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$44.0K $25.44/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$41.1K $23.79/SF
− OpEx
−$12.3K −$7.14/SF
NOI
$28.8K $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%
$575,440
Cap Rate 7%
$411,029
Cap Rate 9%
$319,689
Alternative Uses
Best Use
Multifamily LT 5
$411.0K
$359.7K – $479.5K
NOI $28,772 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$326.2K
$285.4K – $380.6K
NOI $22,835 @ 7.0% cap · market cap 4.66%
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
1,008
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The up-and-down units have individual utilities, with a fenced yard, carport, two sheds, and a second-floor bedroom deck.
Where is this duplex located?
The property is located at 33 Winthrop Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Two units arranged in an up‑and‑down layout; Separate utilities for the units; 1,728 square feet; built in 1890
