Duplex with Detached
New
For Sale
$650,000
712 East Avenue, Pawtucket, RI 02860
Each floor offers a three-bedroom residence with double-parlor living space and more than 1,200 square feet.
Property Size2,484 SF
Price / SF$261.67
Days on Market4
Property Features for 712 East Avenue
General Information
Standard status
Active
Size
2,484 SF
Property subtype
MultiFamily
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1925
Buildings
1
Listing Agency:
HERE Realty
(401) 862-1251
Listed By:
The SoldWithSoko Team
(401) 523-9483
Source:
Lockandkeyre
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 7 at 10:04AM
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 HERE Realty
Investment Insights
Based on property information with market context.
This two-story duplex contains two three-bedroom residences, one on each floor. Each unit has more than 1,200 square feet and a double-parlor layout. A detached garage, off-street parking, and a backyard add to the property’s practical features.
The property is on East Avenue in Pawtucket, near downtown, Route 95, shops, and restaurants, with access to Providence described as an easy ride.
The property is on East Avenue in Pawtucket, near downtown, Route 95, shops, and restaurants, with access to Providence described as an easy ride.
Key Highlights
- Two three‑bedroom units, one on each floor
- Each residence has more than 1,200 square feet and double‑parlor living
- Detached garage, off‑street parking, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,360
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,200
$827.2K
Cap Rate 7%
$590,857
$590.9K
Cap Rate 9%
$459,556
$459.6K
Market Conditions
NOI Build-Up for 2,484 SF
Gross rent
$63.2K $25.44/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$59.1K $23.79/SF
− OpEx
−$17.7K −$7.14/SF
NOI
$41.4K $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%
$827,200
Cap Rate 7%
$590,857
Cap Rate 9%
$459,556
Alternative Uses
Best Use
Multifamily LT 5
$590.9K
$517.0K – $689.3K
NOI $41,360 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$468.9K
$410.3K – $547.1K
NOI $32,825 @ 7.0% cap · market cap 5.05%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 02860, RI
47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value
Check the figures for this property
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 - Each floor offers a three-bedroom residence with double-parlor living space and more than 1,200 square feet.
Where is this duplex located?
The property is located at 712 East Avenue Pawtucket, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two three‑bedroom units, one on each floor; Each residence has more than 1,200 square feet and double‑parlor living; Detached garage, off‑street parking, and backyard
