Two-Family Home with Detached
New
For Sale
$599,900
71 Rowe Avenue, Pawtucket, RI 02861
Two three-bedroom residences include hardwood flooring and in-unit laundry hookups, with Section 8 housing currently in place.
Property Size2,576 SF
Price / SF$232.88
Days on Market7
Property Features for 71 Rowe Avenue
General Information
Standard status
Active
Size
2,576 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
Hardwood flooring
In-unit washer/dryer hookups
Detached garage
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Keller Williams Realty
(508) 695-4545
Listed By:
Kurt Franklin · License #9067361
(508) 446-0275
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 6:59PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This duplex contains two units, each with three bedrooms, one full bathroom, hardwood floors, and hookups for a washer and dryer. A detached garage adds parking and storage. The building dates to 1920 and contains 2,576 square feet. Section 8 housing is currently included.
The property is at 71 Rowe Avenue in Pawtucket’s Darlington neighborhood, near Pawtucket Country Club, Slater Memorial Park, shopping, dining, and other area amenities.
The property is at 71 Rowe Avenue in Pawtucket’s Darlington neighborhood, near Pawtucket Country Club, Slater Memorial Park, shopping, dining, and other area amenities.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 2,576 square feet; built in 1920
- Detached garage offers additional parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,892
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,840
$857.8K
Cap Rate 7%
$612,743
$612.7K
Cap Rate 9%
$476,578
$476.6K
Market Conditions
NOI Build-Up for 2,576 SF
Gross rent
$65.5K $25.44/SF
− Vacancy
−$4.3K −$1.65/SF
EGI
$61.3K $23.79/SF
− OpEx
−$18.4K −$7.14/SF
NOI
$42.9K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$857,840
Cap Rate 7%
$612,743
Cap Rate 9%
$476,578
Alternative Uses
Best Use
Multifamily LT 5
$612.7K
$536.2K – $714.9K
NOI $42,892 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$486.3K
$425.5K – $567.4K
NOI $34,041 @ 7.0% cap · market cap 5.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences include hardwood flooring and in-unit laundry hookups, with Section 8 housing currently in place.
Where is this duplex located?
The property is located at 71 Rowe Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; 2,576 square feet; built in 1920; Detached garage offers additional parking and storage
