Building Details

Building Size 2,040 SF

Year Built 1953

Listing Agency: Longvin Realty Inc

Listed By: Zhiyu Ding Show Phone

Source: Kw

Added: Feb 6 Changed: Oct 15 Last Checked: Oct 16 at 8:14AM

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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

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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.

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 / Yr

$34,448

Cap Rate

5.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$688,960 $689.0K

Cap Rate 7%

$492,114 $492.1K

Cap Rate 9%

$382,756 $382.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,040 SF

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 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 (±1% cap)

NOI $34,448 @ 7.0% cap · market cap 5.59%

Second Best

Apartment 5plus

$442.0K

$386.8K – $515.7K (±1% cap)

NOI $30,942 @ 7.0% cap · market cap 5.02%

Theoretical Best

Office A

$682.5K

$597.2K – $796.2K (±1% cap)

NOI $47,774 @ 7.0% cap · market cap 7.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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