Two-Family Residential Income
For Sale
$480,000
72 Sylvian St, Central Falls, RI 02863
Well-maintained two-family home with spacious living areas and off-street parking for multiple vehicles.
Property Size2,840 SF
Price / SF$169.01
Days on Market54
Property Features for 72 Sylvian St
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
D'Empire Real Estate LLC
Listed By:
Helene Dominguez · License #REB.0019144
(401) 688-2119
Source:
Alpernandmesenbourg
Added: Jul 20
Changed: Sep 10
Last Checked: Sep 9 at 9:39PM
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 D'Empire Real Estate LLC
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two separate living units within a residential income property. The layout features spacious living areas and includes off-street parking for multiple vehicles.
The property is conveniently located near schools, shopping, restaurants, and highways, supporting day-to-day accessibility for tenants or an owner-occupant.
Ideal for buyers seeking a straightforward duplex configuration, the home allows for flexible occupancy options, including living in one unit while renting the other.
The property is conveniently located near schools, shopping, restaurants, and highways, supporting day-to-day accessibility for tenants or an owner-occupant.
Ideal for buyers seeking a straightforward duplex configuration, the home allows for flexible occupancy options, including living in one unit while renting the other.
Key Highlights
- Well‑maintained 2‑family home built in 1900
- Two‑family layout with spacious living areas
- Off‑street parking for multiple vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,529
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,580
$750.6K
Cap Rate 7%
$536,129
$536.1K
Cap Rate 9%
$416,989
$417.0K
Market Conditions
NOI Build-Up for 2,840 SF
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.
Gross rent
$72.6K $25.56/SF
− Vacancy
−$4.4K −$1.53/SF
EGI
$68.2K $24.03/SF
− OpEx
−$30.7K −$10.81/SF
NOI
$37.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$750,580
Cap Rate 7%
$536,129
Cap Rate 9%
$416,989
Alternative Uses
Best Use
Multifamily LT 5
$675.5K
$591.1K – $788.1K
NOI $47,287 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$536.1K
$469.1K – $625.5K
NOI $37,529 @ 7.0% cap · market cap 7.82%
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
Location Intelligence
Trade Area within ½ mile
1,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with spacious living areas and off-street parking for multiple vehicles.
Where is this duplex located?
The property is located at 72 Sylvian St Central Falls, RI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1900; Two‑family layout with spacious living areas; Off‑street parking for multiple vehicles
