Two-Family Residential Income
76 Dewey Street Woonsocket, RI 02895
76 Dewey Street, Woonsocket, RI, 02895
$475,000
For Sale
$475,000
MULTI_FAMILY - Woonsocket, RI
Property Size1,784 SF
Lot Size0.11 Acres
Price / SF$266.26
Days on Market16
Property Features for 76 Dewey Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 1, Bedroom 2
- Parking
- 4
- Parking features
- None
- Patio and Porch features
- Porch
- Interior features
- Plumbing (Mixed)
- Exterior features
- Porch
- Basement
- Full, Unfinished, Storage Space
- Standard status
- Active
- Size
- 1,784 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4032
Utilities
- Heating system
- Baseboard, Oil
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Vinyl, Tile - Ceramic
- Building materials
- Vinyl Siding
Listing Agency
Ri Real Estate Services
(401) 885-5400
631 Main Street, East Greenwich, RI
Listed by
Shannon Krasnowiecki
(401) 465-0417
Added: Jul 1 Checked: Jul 16 at 11:06 pm
MLS# 1416765
Listing URL
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex offers two separate residential units, each featuring 2 bedrooms and 1 full bathroom. The layout includes functional living space, with separate porches for each unit. Additional on-site improvements include off-street parking, a full basement with plenty of storage, and a large storage shed.
The property is located at 76 Dewey Street in Woonsocket, Rhode Island. Public remarks note convenience to shopping, restaurants, schools, major highways, and commuter routes, with easy access to both Rhode Island and Massachusetts.
The listing is for sale and is subject to seller securing suitable housing. The property is also described as falling within a community lending zone, with potential loan options mentioned in the remarks.
The property is located at 76 Dewey Street in Woonsocket, Rhode Island. Public remarks note convenience to shopping, restaurants, schools, major highways, and commuter routes, with easy access to both Rhode Island and Massachusetts.
The listing is for sale and is subject to seller securing suitable housing. The property is also described as falling within a community lending zone, with potential loan options mentioned in the remarks.
Key Highlights
- Well‑maintained two‑family home built in 1930
- Two units, each with 2 bedrooms and 1 full bathroom
- Separate porches plus off‑street parking
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.4k | $25.44 |
| − Vacancy | −$3.0k | −$1.65 |
| EGI | $42.4k | $23.79 |
| − OpEx | −$12.7k | −$7.14 |
| NOI | $29.7k | $16.65 |
1,784 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$424.3K
$371.3K – $495.1K
NOI $29,704 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$336.8K
$294.7K – $392.9K
NOI $23,575 @ 7.0% cap · market cap 4.96%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with separate porches, off-street parking, and a full basement for storage.
Where is this duplex located?
The property is located at 76 Dewey Street Woonsocket, RI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1930; Two units, each with 2 bedrooms and 1 full bathroom; Separate porches plus off‑street parking
