Duplex with Finished
New
For Sale
$595,000
69 Bellevue Avenue, Pawtucket, RI 02861
Two residential units combine with solar power and a fenced outdoor area featuring an above-ground pool.
Property Size3,913 SF
Price / SF$152.06
Days on Market3
Property Features for 69 Bellevue Avenue
General Information
Standard status
Active
Size
3,913 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Amenities
above-ground pool
solar energy
Building Details
Year Built
1930
Construction
brick-front
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Shanika Hodge · License #RES.0044499
(401) 744-2051
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 7:40AM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this brick-front duplex at 69 Bellevue Avenue in Pawtucket has two residential units. Interior features include hardwood floors, an open layout, and central air on the first floor. A finished basement has a separate entrance; any in-law use would require municipal approval.
The property includes a fenced yard with an above-ground pool and an adjoining lot of approximately 4,500 square feet. Future development of the additional lot has not been confirmed, and zoning, permitted uses, subdivision requirements, and approvals should be verified with the City of Pawtucket. Solar equipment is in place, and the seller will pay off the existing solar loan at closing.
The property includes a fenced yard with an above-ground pool and an adjoining lot of approximately 4,500 square feet. Future development of the additional lot has not been confirmed, and zoning, permitted uses, subdivision requirements, and approvals should be verified with the City of Pawtucket. Solar equipment is in place, and the seller will pay off the existing solar loan at closing.
Key Highlights
- Two‑family duplex with brick frontage, built in 1930
- Adjoining lot of approximately 4,500 square feet; buildability is unconfirmed
- Finished basement with separate entrance; in‑law use requires municipal approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,708
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,160
$1.0M
Cap Rate 7%
$738,686
$738.7K
Cap Rate 9%
$574,533
$574.5K
Market Conditions
NOI Build-Up for 3,913 SF
Gross rent
$100.0K $25.56/SF
− Vacancy
−$6.0K −$1.53/SF
EGI
$94.0K $24.03/SF
− OpEx
−$42.3K −$10.81/SF
NOI
$51.7K $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%
$1,034,160
Cap Rate 7%
$738,686
Cap Rate 9%
$574,533
Alternative Uses
Best Use
Multifamily LT 5
$930.8K
$814.4K – $1.09M
NOI $65,153 @ 7.0% cap · market cap 10.95%
Second Best
Apartment 5plus
$738.7K
$646.4K – $861.8K
NOI $51,708 @ 7.0% cap · market cap 8.69%
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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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units combine with solar power and a fenced outdoor area featuring an above-ground pool.
Where is this duplex located?
The property is located at 69 Bellevue Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑family duplex with brick frontage, built in 1930; Adjoining lot of approximately 4,500 square feet; buildability is unconfirmed; Finished basement with separate entrance; in‑law use requires municipal approval
