Duplex with Third-Floor
New
For Sale
$749,000
75 DeWolf Avenue, Bristol, RI 02809
Each residence includes separate living, dining, and eat-in kitchen areas, with two or three bedrooms and a full bath.
Property Size2,712 SF
Lot Size0.46 Acres
Price / SF$276.18
Days on Market4
Property Features for 75 DeWolf Avenue
General Information
Standard status
Active
Size
2,712 SF
Lot size
0.46 Acres
Property subtype
MultiFamily
Building Details
Year Built
1900
Listing Agency:
REMAX Revolution
(401) 921-5011
Listed By:
Ralph Buontempo · License #RES.0028667
(401) 574-0216
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:56PM
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 REMAX Revolution
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with 1,356 square feet of living space. Both units have two or three bedrooms, a full bath, an eat-in kitchen, a living room, and a formal dining room. A 375-square-foot, semi-finished third floor adds space to the property. Built in 1900, the building sits on a 20,000-square-foot property in Bristol, Rhode Island.
Key Highlights
- Two residential units, each with 1,356 square feet of living space
- Each unit has two or three bedrooms and a full bath
- Eat‑in kitchen, living room, and formal dining room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,795
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,900
$915.9K
Cap Rate 7%
$654,214
$654.2K
Cap Rate 9%
$508,833
$508.8K
Market Conditions
NOI Build-Up for 2,712 SF
Gross rent
$70.0K $25.80/SF
− Vacancy
−$4.5K −$1.68/SF
EGI
$65.4K $24.12/SF
− OpEx
−$19.6K −$7.24/SF
NOI
$45.8K $16.89/SF
Area
Bristol County, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,900
Cap Rate 7%
$654,214
Cap Rate 9%
$508,833
Alternative Uses
Best Use
Multifamily LT 5
$654.2K
$572.4K – $763.3K
NOI $45,795 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$587.6K
$514.2K – $685.6K
NOI $41,134 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$907.3K
$793.9K – $1.06M
NOI $63,512 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 02809, RI
22,493
Population
9,670
Households
2.3
Avg Household Size
44
Median Age
46%
College-Educated
92%
High-School Grad
9.8 sq mi
ZIP Area
2,295
Density / Sq Mi
$96,005
Median Household Income
$41,266
Median Earnings
$1,352
Median Rent
$447,500
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 - Each residence includes separate living, dining, and eat-in kitchen areas, with two or three bedrooms and a full bath.
Where is this duplex located?
The property is located at 75 DeWolf Avenue Bristol, RI.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Two residential units, each with 1,356 square feet of living space; Each unit has two or three bedrooms and a full bath; Eat‑in kitchen, living room, and formal dining room in each unit
