Updated Duplex with Detached
For Sale
$499,000
36 Greenhill Street, West Warwick, RI 02893
Both residences have three bedrooms, renovated kitchens, and newly replaced bathrooms.
Property Size2,705 SF
Price / SF$184.47
Days on Market13
Property Features for 36 Greenhill Street
General Information
Standard status
Active
Size
2,705 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1890
Listing Agency:
Keller Williams Leading Edge
Listed By:
Denali Group · License #52040
(401) 524-0770
Source:
Foreverhomesrealestate
Added: Sep 24
Changed: Oct 1
Last Checked: Oct 5 at 3:48PM
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 Keller Williams Leading Edge
Investment Insights
Based on property information with market context.
Built in 1890, this duplex contains two three-bedroom residences. The kitchens have granite counters and stainless steel appliances, and both bathrooms have tub-and-shower combinations. The property was updated three years ago and includes a full basement, off-street parking, and a detached one-car garage.
Shopping, dining, transportation, and major highways are accessible from the property. If closing takes place after November 1, the home will be delivered without tenants.
Shopping, dining, transportation, and major highways are accessible from the property. If closing takes place after November 1, the home will be delivered without tenants.
Key Highlights
- Two residences, each with three bedrooms
- Updated three years ago
- Kitchens feature granite counters and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,303
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,060
$786.1K
Cap Rate 7%
$561,471
$561.5K
Cap Rate 9%
$436,700
$436.7K
Market Conditions
NOI Build-Up for 2,705 SF
Gross rent
$60.1K $22.20/SF
− Vacancy
−$3.9K −$1.44/SF
EGI
$56.1K $20.76/SF
− OpEx
−$16.8K −$6.23/SF
NOI
$39.3K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$786,060
Cap Rate 7%
$561,471
Cap Rate 9%
$436,700
Alternative Uses
Best Use
Multifamily LT 5
$561.5K
$491.3K – $655.1K
NOI $39,303 @ 7.0% cap · market cap 7.88%
Second Best
Apartment 5plus
$515.8K
$451.3K – $601.8K
NOI $36,107 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$677.5K
$592.8K – $790.4K
NOI $47,424 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
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 - Both residences have three bedrooms, renovated kitchens, and newly replaced bathrooms.
Where is this duplex located?
The property is located at 36 Greenhill Street West Warwick, RI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; Updated three years ago; Kitchens feature granite counters and stainless steel appliances
