Updated Duplex with Solar
For Sale
$469,000
73 Boyden St, Woonsocket, RI 02895
Two-family property with refreshed interiors, upgraded bathrooms, and solar panels.
Property Size1,464 SF
Price / SF$320.36
Days on Market51
Property Features for 73 Boyden St
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
solar panels
Building Details
Year Built
1900
Listing Agency:
BHHS Commonwealth Real Estate
Listed By:
James Drumm, Carolyn Drumm · License #RES.0044269
(401) 391-2223
Source:
Alpernandmesenbourg
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 7 at 12:59PM
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 BHHS Commonwealth Real Estate
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Investment Insights
Based on property information with market context.
This duplex at 73 Boyden Street provides 1,464 square feet of residential space in a two-family configuration. Built in 1900, the property has received multiple updates, including new flooring, upgraded bathrooms, custom-cut blinds, solar panels, and new hot water tanks.
The home is located in Woonsocket, with downtown within walking distance. Its position also provides access toward Providence and Boston for regional commuting.
The home is located in Woonsocket, with downtown within walking distance. Its position also provides access toward Providence and Boston for regional commuting.
Key Highlights
- 1,464‑square‑foot duplex at 73 Boyden Street
- Solar panels and new hot water tanks
- Upgraded bathrooms and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,376
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,520
$487.5K
Cap Rate 7%
$348,229
$348.2K
Cap Rate 9%
$270,844
$270.8K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$37.2K $25.44/SF
− Vacancy
−$2.4K −$1.65/SF
EGI
$34.8K $23.79/SF
− OpEx
−$10.4K −$7.14/SF
NOI
$24.4K $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%
$487,520
Cap Rate 7%
$348,229
Cap Rate 9%
$270,844
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.7K – $406.3K
NOI $24,376 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$276.4K
$241.8K – $322.4K
NOI $19,346 @ 7.0% cap · market cap 4.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
Demographics for 02895, RI
43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with refreshed interiors, upgraded bathrooms, and solar panels.
Where is this duplex located?
The property is located at 73 Boyden St Woonsocket, RI.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 1,464‑square‑foot duplex at 73 Boyden Street; Solar panels and new hot water tanks; Upgraded bathrooms and new flooring
