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Two-Family Residential Income Property
For Sale
$675,000

41 Esmond Street, Smithfield, RI 02917

Two units each offering 2 bedrooms and 1 bathroom, with a remodeled first floor, newer roof, and ample parking.

Days on Market79

Property Features for 41 Esmond Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Multi-family

Additional Details

Multifamily Units 2

Building Details

Year Built 1937
Listing Agency: Capital Leasing & Managment
Listed By: Amy Champagne
Source: Milburyre
Added: May 16 Changed: Jul 21 Last Checked: Jul 30 at 6:30PM

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 Capital Leasing & Managment

Investment Insights

Based on property information with market context.

This meticulously maintained two-family property features two separate residential units, each with 2 bedrooms and 1 bathroom. The first-floor unit has been newly remodeled with an open-concept layout designed for comfortable everyday living and entertaining.

Recent improvements include a brand-new furnace installed in 2026. It is currently set up for propane, with the ability to convert to natural gas upon approvals to install a gas meter (per the city, applications are available in October 2026). A brand-new roof was also installed in 2026.

Parking is available for approximately six cars. A garage foundation is already on-site, and with the proper approvals, it may be possible to add a garage or convert it into an ADU to expand storage or living options. The property is located at 41 Esmond Street in Smithfield, Rhode Island.

Key Highlights

  • Two‑family home built in 1937, offering two units with 2 bedrooms and 1 bathroom each
  • First‑floor unit has been fully remodeled with an open‑concept layout
  • Brand‑new furnace installed in 2026; currently set up for propane with potential conversion to natural gas if a gas meter is approved

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Daycare Center HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby

Demographics for 02917, RI

14,738
Population
5,119
Households
2.9
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
21.4 sq mi
ZIP Area
689
Density / Sq Mi
$106,772
Median Household Income
$44,229
Median Earnings
$988
Median Rent
$416,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two units each offering 2 bedrooms and 1 bathroom, with a remodeled first floor, newer roof, and ample parking.
Where is this duplex located?
The property is located at 41 Esmond Street Smithfield, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two‑family home built in 1937, offering two units with 2 bedrooms and 1 bathroom each; First‑floor unit has been fully remodeled with an open‑concept layout; Brand‑new furnace installed in 2026; currently set up for propane with potential conversion to natural gas if a gas meter is approved
More about this property
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