Rebuilt Two-Unit
42 Park Place, Burrillville, RI 02859
For Sale
$649,900
Two tri-level residences combine updated interiors with private parking and yard space.
Property Size4,310 SF
Price / SF$150.79
Days on Market30
Property Features for 42 Park Place
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
SERHANT.
(401) 382-0600
Listed By:
Matthew Kachanis · License #RES.0035542
(401) 787-1885
Source:
Lockandkeyre
Added: Oct 8
Changed: Nov 6
Last Checked: Nov 6 at 2:04PM
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 SERHANT.
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Investment Insights
Based on property information with market context.
This duplex contains two side-by-side residences with a combined 4,310 square feet of living area. Each unit spans three levels, with an open main floor, island kitchen, quartz counters, stainless steel appliances, hardwood flooring, a primary suite, basement storage with laundry hookups, and a finished third-floor loft. Ductless mini-split systems provide heating and air conditioning in both homes.
A comprehensive rebuild replaced major building components, including electrical and plumbing systems, insulation, walls, roof, siding, windows, doors, gutters, walkways, and interior finishes. The property also includes private parking and a large yard. Built in 1900, it is located on a dead-end street in Burrillville, minutes from shopping, dining, and everyday services.
A comprehensive rebuild replaced major building components, including electrical and plumbing systems, insulation, walls, roof, siding, windows, doors, gutters, walkways, and interior finishes. The property also includes private parking and a large yard. Built in 1900, it is located on a dead-end street in Burrillville, minutes from shopping, dining, and everyday services.
Key Highlights
- Two side‑by‑side units with 4,310 square feet of combined living area
- Each residence offers three levels, including a finished third‑floor loft
- Island kitchens feature quartz countertops, stainless steel appliances, and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,955
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,100
$1.1M
Cap Rate 7%
$813,643
$813.6K
Cap Rate 9%
$632,833
$632.8K
Market Conditions
NOI Build-Up for 4,310 SF
Gross rent
$110.2K $25.56/SF
− Vacancy
−$6.6K −$1.53/SF
EGI
$103.6K $24.03/SF
− OpEx
−$46.6K −$10.81/SF
NOI
$57.0K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,139,100
Cap Rate 7%
$813,643
Cap Rate 9%
$632,833
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.1K – $1.20M
NOI $71,764 @ 7.0% cap · market cap 11.04%
Second Best
Apartment 5plus
$813.6K
$711.9K – $949.3K
NOI $56,955 @ 7.0% cap · market cap 8.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
Explore this area
Business Placement
Demographics for 02859, RI
6,701
Population
2,465
Households
2.7
Avg Household Size
42
Median Age
23%
College-Educated
94%
High-School Grad
27.6 sq mi
ZIP Area
243
Density / Sq Mi
$118,662
Median Household Income
$43,417
Median Earnings
$1,223
Median Rent
$361,600
Median Home Value
Market
Average Price Trend$/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 - Two tri-level residences combine updated interiors with private parking and yard space.
Where is this duplex located?
The property is located at 42 Park Place Burrillville, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two side‑by‑side units with 4,310 square feet of combined living area; Each residence offers three levels, including a finished third‑floor loft; Island kitchens feature quartz countertops, stainless steel appliances, and hardwood flooring
