Two-Unit Home with
For Sale
Under Contract
$749,000
6 Wilson Street, Bristol, RI 02809
Residential Income, Bristol, RI
Property Size2,790 SF
Lot Size0.14 Acres
Price / SF$268.46
Days on Market93
Property Features for 6 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-6
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 6, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking
8
Parking features
None
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
Exterior features
Deck
Basement
Unfinished, Full, Storage Space
Appliances
Electric Water Heater, Dishwasher, Microwave, Oven/Range, Refrigerator
Lot features
Extra Lot, Paved Driveway
Standard status
Active Under Contract
Size
2,790 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7951
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Central, Forced Air
Cooling system
Central Air
Amenities
in-unit laundry
central air conditioning
hardwood floors
private driveways
basement storage
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Century 21 Topsail Realty · Century 21 Real Estate
(401) 683-4900
Listed By:
Kristin McGrath · License #RES.0043351
(401) 252-9243
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 4 at 12:06PM
MLS# 1413736
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two 3-bedroom residences within 2,790 square feet. The property was rebuilt from the foundation up in 2017 and includes hardwood flooring, generous closet space, in-unit laundry, and basement storage. Central air conditioning serves both units, while the exterior includes a deck and vinyl siding. The kitchen appliance package includes a dishwasher, microwave, oven/range, and refrigerator, with natural gas forced-air heat and a public sewer connection.
Set on a 0.143-acre double lot at 6 Wilson Street in Bristol, the property is within walking distance of downtown amenities. R-6 zoning supports the existing residential configuration.
Set on a 0.143-acre double lot at 6 Wilson Street in Bristol, the property is within walking distance of downtown amenities. R-6 zoning supports the existing residential configuration.
Key Highlights
- Two 3‑bedroom units totaling 2,790 square feet
- Rebuilt from the foundation up in 2017
- Situated on a 0.143‑acre double lot
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
$47,112
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
6.29%
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%
$942,240
$942.2K
Cap Rate 7%
$673,029
$673.0K
Cap Rate 9%
$523,467
$523.5K
Market Conditions
NOI Build-Up for 2,790 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
$72.0K $25.80/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$67.3K $24.12/SF
− OpEx
−$20.2K −$7.24/SF
NOI
$47.1K $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%
$942,240
Cap Rate 7%
$673,029
Cap Rate 9%
$523,467
Alternative Uses
Best Use
Multifamily LT 5
$673.0K
$588.9K – $785.2K
NOI $47,112 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$604.5K
$529.0K – $705.3K
NOI $42,317 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$933.4K
$816.7K – $1.09M
NOI $65,338 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
784
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units offer hardwood flooring, in-unit laundry, central air conditioning, and basement storage.
Where is this duplex located?
The property is located at 6 Wilson Street Bristol, RI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two 3‑bedroom units totaling 2,790 square feet; Rebuilt from the foundation up in 2017; Situated on a 0.143‑acre double lot
