Renovated Duplex with Hardwood
For Sale
$544,900
69 Hull Street, Warwick, RI 02888
Updated two-family property with separate living spaces, refreshed finishes, and flexible owner-occupant or rental use.
Property Size3,114 SF
Price / SF$174.98
Days on Market49
Property Features for 69 Hull Street
General Information
Standard status
Active
Size
3,114 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
stainless steel appliances
in-unit washer/dryer
tile kitchen and baths
refinished hardwood floors
Building Details
Year Built
1915
Buildings
1
Listing Agency:
Oakmont Realty Group
(401) 234-7629
Listed By:
Curran Keough · License #REC.0018940
(401) 230-9342
Source:
Lockandkeyre
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 15 at 12:53AM
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 Oakmont Realty Group
Investment Insights
Based on property information with market context.
Built in 1915, this renovated duplex contains two separate residential units, each arranged with three bedrooms and one full bathroom. Across the property, improvements include refinished hardwood flooring, stainless steel appliances, and tiled kitchen and bathroom areas. The second-floor unit also includes an in-unit washer and dryer.
The property provides six bedrooms and two full bathrooms in total, with bright living areas and distinct unit layouts. The first-floor residence has a long-term tenant, while the second-floor unit is represented in the available photographs. Its two-unit configuration supports separate household occupancy and rental use within the same property.
The property provides six bedrooms and two full bathrooms in total, with bright living areas and distinct unit layouts. The first-floor residence has a long-term tenant, while the second-floor unit is represented in the available photographs. Its two-unit configuration supports separate household occupancy and rental use within the same property.
Key Highlights
- Two separate residential units with 3 bedrooms and 1 full bathroom each
- Renovated interiors with refinished hardwood floors
- Stainless steel appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,246
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,920
$904.9K
Cap Rate 7%
$646,371
$646.4K
Cap Rate 9%
$502,733
$502.7K
Market Conditions
NOI Build-Up for 3,114 SF
Gross rent
$69.1K $22.20/SF
− Vacancy
−$4.5K −$1.44/SF
EGI
$64.6K $20.76/SF
− OpEx
−$19.4K −$6.23/SF
NOI
$45.2K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$904,920
Cap Rate 7%
$646,371
Cap Rate 9%
$502,733
Alternative Uses
Best Use
Multifamily LT 5
$646.4K
$565.6K – $754.1K
NOI $45,246 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$593.8K
$519.6K – $692.8K
NOI $41,566 @ 7.0% cap · market cap 7.63%
Theoretical Best
Specialty Retail
$779.9K
$682.4K – $909.9K
NOI $54,595 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 02888, RI
19,578
Population
9,117
Households
2.1
Avg Household Size
46
Median Age
32%
College-Educated
96%
High-School Grad
5.9 sq mi
ZIP Area
3,318
Density / Sq Mi
$88,750
Median Household Income
$55,561
Median Earnings
$1,218
Median Rent
$318,100
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
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family property with separate living spaces, refreshed finishes, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 69 Hull Street Warwick, RI.
What is the asking price?
The asking price for this property is $544,900.
What are key features of this property?
This property features: Two separate residential units with 3 bedrooms and 1 full bathroom each; Renovated interiors with refinished hardwood floors; Stainless steel appliances included
