Two-Unit Duplex with Detached
New
For Sale
$399,900
84 Avenue C, Woonsocket, RI 02895
Separate laundry hookups, basement storage, and off-street parking support the two residential units.
Property Size1,914 SF
Price / SF$208.93
Days on Market3
Property Features for 84 Avenue C
General Information
Standard status
Active
Size
1,914 SF
Total Parking Spaces
2
Property subtype
MultiFamily
Units
Unit Mix
2BR/1BA, 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
lawn sprinkler system
dedicated laundry hookups
Building Details
Year Built
1935
Buildings
1
Listing Agency:
RE/MAX Results
(401) 848-7827
Listed By:
Ralph Dorval · License #RES.0045934
(401) 500-4834
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:20PM
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 RE/MAX Results
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Investment Insights
Based on property information with market context.
This 1,914-square-foot duplex contains two apartments: a first-floor unit with two bedrooms and one full bathroom, and an upper-level unit with one bedroom and one full bathroom. The basement provides dedicated laundry hookups for each apartment and additional storage. A detached two-car garage includes storage above, with off-street parking and a lawn sprinkler system also on site. The home was built in 1935, and the roof and heating systems have been updated.
The property is in Woonsocket near the Massachusetts border, with access to Routes 146 and 295. Shopping, dining, schools, and daily services are described as minutes away.
The property is in Woonsocket near the Massachusetts border, with access to Routes 146 and 295. Shopping, dining, schools, and daily services are described as minutes away.
Key Highlights
- Two apartments: one with 2 bedrooms and 1 full bathroom; the other with 1 bedroom and 1 full bathroom
- 1,914 square feet; built in 1935
- Detached two‑car garage with storage above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,869
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,380
$637.4K
Cap Rate 7%
$455,271
$455.3K
Cap Rate 9%
$354,100
$354.1K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$48.7K $25.44/SF
− Vacancy
−$3.2K −$1.65/SF
EGI
$45.5K $23.79/SF
− OpEx
−$13.7K −$7.14/SF
NOI
$31.9K $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%
$637,380
Cap Rate 7%
$455,271
Cap Rate 9%
$354,100
Alternative Uses
Best Use
Multifamily LT 5
$455.3K
$398.4K – $531.2K
NOI $31,869 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$361.3K
$316.2K – $421.6K
NOI $25,293 @ 7.0% cap · market cap 6.32%
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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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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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 - Separate laundry hookups, basement storage, and off-street parking support the two residential units.
Where is this duplex located?
The property is located at 84 Avenue C Woonsocket, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two apartments: one with 2 bedrooms and 1 full bathroom; the other with 1 bedroom and 1 full bathroom; 1,914 square feet; built in 1935; Detached two‑car garage with storage above
