Up-and-Down
For Sale
$616,000
556 Metacom Avenue, Bristol, RI 02809
Two updated residential units offer separate entrances, refreshed interiors, and access to a detached garage.
Property Size2,040 SF
Days on Market206
Property Features for 556 Metacom Avenue
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi-Family
Amenities
Baseboard
Oil
Attic Fan
Oil Water Heater
Deck, Patio, Sewer Connected
Building Details
Building Size
2,040 SF
Year Built
1953
Listing Agency:
Longvin Realty Inc
(401) 567-6666
Listed By:
Zhiyu Ding
Source:
Kw
Added: Feb 6
Changed: Aug 30
Last Checked: Aug 30 at 8:54PM
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 Longvin Realty Inc
Investment Insights
Based on property information with market context.
Built in 1953, this duplex contains two residential units, each arranged with two bedrooms and one bathroom. The interiors feature fresh paint, new flooring, dark kitchen cabinetry, updated finishes, and new washers and dryers. Each unit has a private entrance, while the property also includes a detached garage and an updated rear porch with new flooring.
The property is located at 556 Metacom Avenue in Bristol, RI 02809. The 14,810-square-foot lot includes a backyard porch, deck, patio, and sewer connection. Heating is provided by oil-fired baseboard systems, with an oil water heater and attic fan also included.
The property is located at 556 Metacom Avenue in Bristol, RI 02809. The 14,810-square-foot lot includes a backyard porch, deck, patio, and sewer connection. Heating is provided by oil-fired baseboard systems, with an oil water heater and attic fan also included.
Key Highlights
- Two 2‑bed/1‑bath units in an up‑and‑down duplex configuration
- 14,810 sq ft lot with detached garage
- Fresh paint, new flooring, and updated interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,448
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,960
$689.0K
Cap Rate 7%
$492,114
$492.1K
Cap Rate 9%
$382,756
$382.8K
Market Conditions
NOI Build-Up for 2,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.6K $25.80/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$49.2K $24.12/SF
− OpEx
−$14.8K −$7.24/SF
NOI
$34.4K $16.89/SF
Area
Bristol County, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$688,960
Cap Rate 7%
$492,114
Cap Rate 9%
$382,756
Alternative Uses
Best Use
Multifamily LT 5
$492.1K
$430.6K – $574.1K
NOI $34,448 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$442.0K
$386.8K – $515.7K
NOI $30,942 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$682.5K
$597.2K – $796.2K
NOI $47,774 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 02809, RI
22,493
Population
9,670
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,295
Density / Sq Mi
$96,005
Median Household Income
$41,266
Median Earnings
$1,352
Median Rent
$447,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residential units offer separate entrances, refreshed interiors, and access to a detached garage.
Where is this duplex located?
The property is located at 556 Metacom Avenue Bristol, RI.
What is the asking price?
The asking price for this property is $616,000.
What are key features of this property?
This property features: Two 2‑bed/1‑bath units in an up‑and‑down duplex configuration; 14,810 sq ft lot with detached garage; Fresh paint, new flooring, and updated interior finishes
