681 Putnam Pike Smithfield, RI 02828
MULTI_FAMILY - Smithfield, RI
- Added:
- Jul 1, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 11 at 6:06 pm
Property Features for 681 Putnam Pike
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 4, Basement, Bathroom 2
- Parking
- 6
- Parking features
- None
- Patio and Porch features
- Deck, Patio, Porch
- Interior features
- Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Deck, Patio, Porch, Screened Pch/Patio/Dck/Brzwy
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater, Range Hood, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,496 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6055
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1850
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Pine, Vinyl, Laminate
- Building materials
- Vinyl Siding
Listing agent Keith Antaya License #1001259 (860) 235-1642
Listing office Re/Max One 980 Reservoir Avenue, cranstone, RI (401) 943-6111
Listing date Jul 1, 2026
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.
The home sits on an oversized lot measuring 0.38 acres at 681 Putnam Pike in Smithfield, RI. The property is presented as an opportunity close to everyday needs, and the overall size is listed as 2,496 square feet.
With a first-floor rental unit and a dedicated upper residence, the property can fit buyers who want flexibility between living on-site and collecting rent. The listing also notes two brand-new combination boilers installed, which supports dependable heating and hot water for the property’s units. This combination of a distinct lower-level apartment and an upper, townhouse-like living space may appeal to owner-occupants and investors seeking a straightforward multifamily structure in a residential income format.
Key Highlights
- Multifamily home built in 1850 with vinyl siding and public sewer service
- Two brand‑new combination boilers installed for heat and hot water
- First‑floor unit features 2 bedrooms and 1 bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.5k | $25.44 |
| − Vacancy | −$4.1k | −$1.65 |
| EGI | $59.4k | $23.79 |
| − OpEx | −$17.8k | −$7.14 |
| NOI | $41.6k | $16.65 |
