Duplex with Three-Car
New
For Sale
$505,000
43 Summit Street, Woonsocket, RI 02895
Residential Income, Woonsocket, RI
Property Size1,909 SF
Lot Size0.23 Acres
Price / SF$264.54
Days on Market3
Property Features for 43 Summit Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4
Parking
7
Patio and Porch features
Deck
Exterior features
Deck
Basement
Unfinished, Full
Appliances
Gas Water Heater
Subdivision
Globe District
Standard status
Active
Size
1,909 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4097
Utilities
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1909
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Vinyl Siding
Listing Agency:
Prime Time Properties, Inc.
(401) 454-1300
Listed By:
Antoanet Sialer
(401) 640-3299
Added: Oct 12
Changed: Oct 14
Last Checked: Oct 14 at 3:06PM
MLS# 1425923
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,909-square-foot duplex contains two apartments, each with two bedrooms. Recent work includes new siding, windows and roofing, along with fresh interior paint. The property also has a deck, a three-car garage and off-street parking; lead certificates are available for both apartments. Built in 1909, the home sits on a 0.232-acre lot.
The property is in Woonsocket’s Globe District, near major highways and shopping, and close to the Massachusetts state line. Heating is natural gas with baseboard distribution, and the water source is public.
The property is in Woonsocket’s Globe District, near major highways and shopping, and close to the Massachusetts state line. Heating is natural gas with baseboard distribution, and the water source is public.
Key Highlights
- Two apartments, each with two bedrooms
- Three‑car garage plus off‑street parking
- 10,104‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,786
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,720
$635.7K
Cap Rate 7%
$454,086
$454.1K
Cap Rate 9%
$353,178
$353.2K
Market Conditions
NOI Build-Up for 1,909 SF
Gross rent
$48.6K $25.44/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$45.4K $23.79/SF
− OpEx
−$13.6K −$7.14/SF
NOI
$31.8K $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%
$635,720
Cap Rate 7%
$454,086
Cap Rate 9%
$353,178
Alternative Uses
Best Use
Multifamily LT 5
$454.1K
$397.3K – $529.8K
NOI $31,786 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$360.4K
$315.3K – $420.5K
NOI $25,227 @ 7.0% cap · market cap 5.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each apartment offers two bedrooms, with off-street parking and a deck adding practical features to the property.
Where is this duplex located?
The property is located at 43 Summit Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; Three‑car garage plus off‑street parking; 10,104‑square‑foot lot
