Duplex with Finished Walkout
48 Toledo Avenue, Pawtucket, RI 02860
For Sale
New
$419,900
Residential Income, Pawtucket, RI
Property Size1,524 SF
Lot Size0.10 Acres
Price / SF$275.52
Days on Market3
Property Features for 48 Toledo Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
World Net Real Estate Group
(401) 732-1722
Listed By:
Michael Capuano · License #RES.0025163
(401) 255-6244
Added: Nov 5
Last Checked: Nov 7 at 8:06PM
MLS# 1427856
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.
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Investment Insights
Based on property information with market context.
This 1,524-square-foot duplex, built in 1930, has a two-bedroom first-floor unit with a living room, eat-in kitchen, pantry, and tiled bath. The second-floor unit includes one bedroom, a living room, and a tiled bath. Ceramic tile and hardwood flooring are among the interior finishes. A finished basement room has tile flooring, a small kitchen area, a full bathroom with shower, and walkout access. The exterior is vinyl-sided, and the property includes a porch and rear yard. Heating is by natural-gas baseboard; public water serves the property.
The 0.1033-acre property is in Pawtucket’s Fairlawn area, near shopping, restaurants, bus service, and support services. Access to Route 95 is less than one-half mile away.
The 0.1033-acre property is in Pawtucket’s Fairlawn area, near shopping, restaurants, bus service, and support services. Access to Route 95 is less than one-half mile away.
Key Highlights
- Two‑unit layout: two bedrooms on the first floor and one on the second
- Finished walkout basement includes a tiled room, kitchen area, and full shower bathroom
- 1,524 square feet on a 0.1033‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,375
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,500
$507.5K
Cap Rate 7%
$362,500
$362.5K
Cap Rate 9%
$281,944
$281.9K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$38.8K $25.44/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.3K $23.79/SF
− OpEx
−$10.9K −$7.14/SF
NOI
$25.4K $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%
$507,500
Cap Rate 7%
$362,500
Cap Rate 9%
$281,944
Alternative Uses
Best Use
Multifamily LT 5
$362.5K
$317.2K – $422.9K
NOI $25,375 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$287.7K
$251.7K – $335.7K
NOI $20,139 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pawtucket, RI
Properties on Market for Duplexes in Pawtucket
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit residence offers distinct bedroom and living areas, plus additional finished space below grade.
Where is this duplex located?
The property is located at 48 Toledo Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two‑unit layout: two bedrooms on the first floor and one on the second; Finished walkout basement includes a tiled room, kitchen area, and full shower bathroom; 1,524 square feet on a 0.1033‑acre lot
