Duplex With Finished
578 Weeden Street, Pawtucket, RI 02860
For Sale
New
$550,000
Two additional attic bedrooms expand the property's two-family layout.
Property Size3,288 SF
Price / SF$167.27
Days on Market4
Property Features for 578 Weeden Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Year Built
Listing Agency:
My Dream Home Realty
Listed By:
Marisela Vasquez · License RI #34115
(401) 499-6945
Source:
Lavonnelopes
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 3:13AM
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 My Dream Home Realty
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Investment Insights
Based on property information with market context.
This two-family property in Pawtucket includes finished attic space with two additional bedrooms. The building dates to 1880 and has undergone updates; the listing describes updates throughout the property.
Shopping, restaurants, schools, public transportation, and major highways are nearby. Mineral Spring Avenue, Slater Memorial Park, Fairlawn Park, and the Pawtucket/Central Falls commuter rail station are also in the surrounding area, with rail service connecting to Providence and Boston.
Shopping, restaurants, schools, public transportation, and major highways are nearby. Mineral Spring Avenue, Slater Memorial Park, Fairlawn Park, and the Pawtucket/Central Falls commuter rail station are also in the surrounding area, with rail service connecting to Providence and Boston.
Key Highlights
- Two‑family property with two additional bedrooms in finished attic space
- Building constructed in 1880
- Nearby commuter rail station offers connections to Providence and Boston
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,449
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,980
$869.0K
Cap Rate 7%
$620,700
$620.7K
Cap Rate 9%
$482,767
$482.8K
Market Conditions
NOI Build-Up for 3,288 SF
Gross rent
$84.0K $25.56/SF
− Vacancy
−$5.0K −$1.53/SF
EGI
$79.0K $24.03/SF
− OpEx
−$35.5K −$10.81/SF
NOI
$43.4K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,980
Cap Rate 7%
$620,700
Cap Rate 9%
$482,767
Alternative Uses
Best Use
Multifamily LT 5
$782.1K
$684.3K – $912.5K
NOI $54,747 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$620.7K
$543.1K – $724.2K
NOI $43,449 @ 7.0% cap · market cap 7.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
708
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
$287,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Two additional attic bedrooms expand the property's two-family layout.
Where is this duplex located?
The property is located at 578 Weeden Street Pawtucket, RI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family property with two additional bedrooms in finished attic space; Building constructed in 1880; Nearby commuter rail station offers connections to Providence and Boston
