Duplex with Solar
53 Byron Avenue, Pawtucket, RI 02860
For Sale
$600,000
Each residence has its own kitchen and Navien heating system, with a first-floor office adding flexible interior space.
Property Size2,700 SF
Price / SF$222.22
Days on Market8
Property Features for 53 Byron Avenue
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Circle 100 Real Estate
(401) 336-6083
Listed By:
Yamanda Perez Jimenez · License #RES.0044610
(401) 523-4983
Source:
Lockandkeyre
Added: Oct 31
Changed: Nov 6
Last Checked: Nov 6 at 10:00AM
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 Circle 100 Real Estate
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Investment Insights
Based on property information with market context.
This 2,700-square-foot duplex, built in 1901, contains two residences, each with two bedrooms, one full bathroom, a kitchen, and living space. A first-floor office, basement laundry area, fenced yard, paved driveway, and detached one-car garage are also part of the property. Work completed over the past five years includes insulation through RISE and replacement windows; separate Navien heating systems were installed in 2021. Solar panels paired with battery storage provide backup power during outages.
The second-floor residence is currently operated by the seller as an Airbnb. The property is in Pawtucket’s Darlington neighborhood near the Rhode Island–Massachusetts border. Shopping, dining, I-95, I-195, Narragansett Park Plaza, Centreville Bank Stadium, and the Pawtucket/Central Falls commuter rail station are among the nearby destinations identified, with rail service to Providence and Boston.
The second-floor residence is currently operated by the seller as an Airbnb. The property is in Pawtucket’s Darlington neighborhood near the Rhode Island–Massachusetts border. Shopping, dining, I-95, I-195, Narragansett Park Plaza, Centreville Bank Stadium, and the Pawtucket/Central Falls commuter rail station are among the nearby destinations identified, with rail service to Providence and Boston.
Key Highlights
- Two residences, each with 2 bedrooms and 1 full bathroom, in a 2,700‑square‑foot duplex
- Separate Navien heating systems installed in 2021
- Solar panels with battery storage for power outages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,956
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$899,120
$899.1K
Cap Rate 7%
$642,229
$642.2K
Cap Rate 9%
$499,511
$499.5K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$68.7K $25.44/SF
− Vacancy
−$4.5K −$1.65/SF
EGI
$64.2K $23.79/SF
− OpEx
−$19.3K −$7.14/SF
NOI
$45.0K $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%
$899,120
Cap Rate 7%
$642,229
Cap Rate 9%
$499,511
Alternative Uses
Best Use
Multifamily LT 5
$642.2K
$562.0K – $749.3K
NOI $44,956 @ 7.0% cap · market cap 7.49%
Second Best
Apartment 5plus
$509.7K
$446.0K – $594.7K
NOI $35,679 @ 7.0% cap · market cap 5.95%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
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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 - Each residence has its own kitchen and Navien heating system, with a first-floor office adding flexible interior space.
Where is this duplex located?
The property is located at 53 Byron Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom, in a 2,700‑square‑foot duplex; Separate Navien heating systems installed in 2021; Solar panels with battery storage for power outages
