Two-Family Residential Income
For Sale
$477,000
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$167.96
Days on Market99
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: Oct 25
Last Checked: Oct 26 at 5:41PM
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
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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 / Yr
$37,529
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
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
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 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 9.91%
Second Best
Apartment 5plus
$536.1K
$469.1K – $625.5K
NOI $37,529 @ 7.0% cap · market cap 7.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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 $477,000.
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
