Multifamily
49 Laurel Street, Hopkinton, RI 02804
For Sale
$559,999
The property offers 2,784 square feet of living space on a 0.41-acre parcel.
Property Size2,784 SF
Lot Size0.41 Acres
Price / SF$201.15
Days on Market34
Property Features for 49 Laurel Street
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Innovations Realty
(401) 414-7414
Listed By:
Allan Pena
(401) 288-9259
Source:
Caldwellrealtyri
Added: Oct 7
Changed: Nov 6
Last Checked: Nov 8 at 9:31PM
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 Innovations Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 2,784 square feet of living space on a 0.41-acre lot and was built in 1900. It is located in Ashaway, within the town of Hopkinton, Rhode Island.
Local schools, shops, and major routes are nearby.
Local schools, shops, and major routes are nearby.
Key Highlights
- 2,784 square feet of living space
- 0.41‑acre lot
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,304
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,080
$586.1K
Cap Rate 7%
$418,629
$418.6K
Cap Rate 9%
$325,600
$325.6K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$55.8K $20.04/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$53.3K $19.14/SF
− OpEx
−$24.0K −$8.61/SF
NOI
$29.3K $10.53/SF
Area
Washington County, RI
Vacancy
4.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$586,080
Cap Rate 7%
$418,629
Cap Rate 9%
$325,600
Alternative Uses
Best Use
Apartment 5plus
$418.6K
$366.3K – $488.4K
NOI $29,304 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$556.2K
$486.7K – $649.0K
NOI $38,937 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
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Business Placement
Demographics for 02804, RI
2,782
Population
1,182
Households
2.4
Avg Household Size
45
Median Age
24%
College-Educated
99%
High-School Grad
11.8 sq mi
ZIP Area
236
Density / Sq Mi
$101,392
Median Household Income
$50,026
Median Earnings
$1,318
Median Rent
$303,000
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Washington County, RI
Properties on Market for Multifamily properties in Washington County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property offers 2,784 square feet of living space on a 0.41-acre parcel.
Where is this multifamily property located?
The property is located at 49 Laurel Street Hopkinton, RI.
What is the asking price?
The asking price for this property is $559,999.
What are key features of this property?
This property features: 2,784 square feet of living space; 0.41‑acre lot; Built in 1900
