Side-by-Side
For Sale
$529,000
355 Old Plainfield Pike, Foster, RI 02825
A vacant residence offers an owner-occupant a path to pair living space with rental income from the adjoining unit.
Property Size2,268 SF
Price / SF$233.25
Days on Market9
Property Features for 355 Old Plainfield Pike
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,166
Building Details
Buildings
1
Listing Agency:
Century 21 Envoy
(401) 681-8738
Listed By:
Sean Cardoso
(401) 654-0462
Source:
Exprealty
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 4 at 2:49PM
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 Century 21 Envoy
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Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex contains two side-by-side residences. Each has two bedrooms, one and a half bathrooms, hardwood flooring, and living areas. One unit is vacant, while the other provides rental income.
The layout allows an owner to occupy one residence and rent the other. The property is identified at 355 Old Plainfield Pike, Foster, Rhode Island.
The layout allows an owner to occupy one residence and rent the other. The property is identified at 355 Old Plainfield Pike, Foster, Rhode Island.
Key Highlights
- Two side‑by‑side residences in a 2,268‑square‑foot duplex
- Each unit has 2 bedrooms and 1.5 bathrooms
- Hardwood floors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,763
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,260
$755.3K
Cap Rate 7%
$539,471
$539.5K
Cap Rate 9%
$419,589
$419.6K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$57.7K $25.44/SF
− Vacancy
−$3.8K −$1.65/SF
EGI
$53.9K $23.79/SF
− OpEx
−$16.2K −$7.14/SF
NOI
$37.8K $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%
$755,260
Cap Rate 7%
$539,471
Cap Rate 9%
$419,589
Alternative Uses
Best Use
Multifamily LT 5
$539.5K
$472.0K – $629.4K
NOI $37,763 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$428.2K
$374.6K – $499.5K
NOI $29,971 @ 7.0% cap · market cap 5.67%
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?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
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Business Placement
Demographics for 02825, RI
5,265
Population
2,027
Households
2.6
Avg Household Size
47
Median Age
34%
College-Educated
94%
High-School Grad
55.0 sq mi
ZIP Area
96
Density / Sq Mi
$110,177
Median Household Income
$51,550
Median Earnings
$1,525
Median Rent
$398,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Providence County, RI
Properties on Market for Duplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A vacant residence offers an owner-occupant a path to pair living space with rental income from the adjoining unit.
Where is this duplex located?
The property is located at 355 Old Plainfield Pike Foster, RI.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Two side‑by‑side residences in a 2,268‑square‑foot duplex; Each unit has 2 bedrooms and 1.5 bathrooms; Hardwood floors in both units
