Listing Agency: eXp Realty Show Phone

Listed By: Dee Webster Show Phone

Source: Exprealty

Added: Jun 5 Changed: Oct 2 Last Checked: Oct 16 at 10:19AM

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Investment Insights

Based on property information with market context.

This duplex includes two residential units, each with a kitchen and a generously sized living room. The property is described as move-in ready and has been carefully maintained, allowing an owner or landlord to use the existing configuration without a renovation-focused setup. Lower-level laundry hookups and ample storage add practical utility for residents.

The property also includes a fenced private yard with flexible outdoor space. Located at 82 Owen Ave in Pawtucket’s Fairlawn section, the duplex may suit an owner-occupant who plans to rent the second unit to a qualified tenant.

Key Highlights

• Two‑unit duplex configuration with a kitchen and large living room in each unit
• Fenced private yard with flexible outdoor‑use space
• Laundry hookups located downstairs

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,539

Cap Rate

5.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$570,780 $570.8K

Cap Rate 7%

$407,700 $407.7K

Cap Rate 9%

$317,100 $317.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,714 SF

Gross rent

$43.6K $25.44/SF

− Vacancy

−$2.8K −$1.65/SF

EGI

$40.8K $23.79/SF

− OpEx

−$12.2K −$7.14/SF

NOI

$28.5K $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%

$570,780

Cap Rate 7%

$407,700

Cap Rate 9%

$317,100

Alternative Uses

Best Use

Multifamily LT 5

$407.7K

$356.7K – $475.7K (±1% cap)

NOI $28,539 @ 7.0% cap · market cap 5.96%

Second Best

Apartment 5plus

$323.6K

$283.1K – $377.5K (±1% cap)

NOI $22,650 @ 7.0% cap · market cap 4.73%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Law Firm Plumbing Service Veterinary Clinic Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

703

Businesses Nearby

Explore this area Business Placement

Demographics for 02860, RI

47,894

Population

21,467

Households

2.2

Avg Household Size

37

Median Age

25%

College-Educated

80%

High-School Grad

5.3 sq mi

ZIP Area

9,037

Density / Sq Mi

$59,954

Median Household Income

$42,038

Median Earnings

$1,112

Median Rent

$287,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units provide generous living areas, separate kitchens, laundry hookups, and substantial storage.

Where is this duplex located?

The property is located at 82 Owen Ave Pawtucket, RI.

What is the asking price?

The asking price for this property is $479,000.

What are key features of this property?

This property features: Two‑unit duplex configuration with a kitchen and large living room in each unit; Fenced private yard with flexible outdoor‑use space; Laundry hookups located downstairs