Building Details

Year Built 1959

Listing Agency: Peter M. Scotti & Assoc.,Inc.

Listed By: Rachel Wills · License #37982 Show Phone

Source: Foreverhomesrealestate

Added: Sep 22 Last Checked: Oct 4 at 6:49AM

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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 Peter M. Scotti & Assoc.,Inc.

Investment Insights

Based on property information with market context.

This side-by-side duplex includes 1,832 square feet of property area, hardwood flooring, tile finishes, and multiple expanded living spaces. A finished 1,560 sq. ft. basement adds substantial room for flexible residential use, while the modified garage can support a home studio, guest suite, or extended-family arrangement. The layout also accommodates home office and multigenerational living needs.

Located at 89 Columbia Avenue in Pawtucket, the property provides access to Downtown Providence and the Interstate. Boston is approximately 40 minutes away, and local amenities are nearby. Built in 1959, the duplex offers a combination of established construction and adaptable interior space.

Key Highlights

• Side‑by‑side duplex at 89 Columbia Avenue, Pawtucket, RI 02860
• 1,560 sq. ft. finished basement
• 1,832 square feet of property area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,504

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$610,080 $610.1K

Cap Rate 7%

$435,771 $435.8K

Cap Rate 9%

$338,933 $338.9K

Market Conditions

NOI Build-Up for 1,832 SF

Gross rent

$46.6K $25.44/SF

− Vacancy

−$3.0K −$1.65/SF

EGI

$43.6K $23.79/SF

− OpEx

−$13.1K −$7.14/SF

NOI

$30.5K $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%

$610,080

Cap Rate 7%

$435,771

Cap Rate 9%

$338,933

Alternative Uses

Best Use

Multifamily LT 5

$435.8K

$381.3K – $508.4K (±1% cap)

NOI $30,504 @ 7.0% cap · market cap 5.46%

Second Best

Apartment 5plus

$345.8K

$302.6K – $403.5K (±1% cap)

NOI $24,209 @ 7.0% cap · market cap 4.33%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency (Bike/Boat/Book/etc) Store Plumbing Service Locksmith

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

648

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units offer flexible living areas, hardwood floors, tile finishes, and a modified garage for additional use.

Where is this duplex located?

The property is located at 89 Columbia Avenue Pawtucket, RI.

What is the asking price?

The asking price for this property is $559,000.

What are key features of this property?

This property features: Side‑by‑side duplex at 89 Columbia Avenue, Pawtucket, RI 02860; 1,560 sq. ft. finished basement; 1,832 square feet of property area