Two-Unit Duplex with Walk-Out
New
For Sale
$359,000
9 Gaulin Avenue, Woonsocket, RI 02895
Each residence has two bedrooms and separate utility metering, with both apartments currently vacant.
Property Size2,376 SF
Price / SF$151.09
Days on Market4
Property Features for 9 Gaulin Avenue
General Information
Standard status
Active
Size
2,376 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Building Details
Year Built
1898
Listing Agency:
Smith and Oak Real Estate Co.
(401) 400-4114
Listed By:
Ronald Papa · License #RES.0047243
(401) 281-8491
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 4:05AM
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 Smith and Oak Real Estate Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two two-bedroom apartments, both delivered vacant. The building also includes a walk-out basement and an outdoor area. Separate metering serves each unit.
Built in 1898, the property has 2,376 square feet and is located at 9 Gaulin Avenue in Woonsocket, Rhode Island.
Built in 1898, the property has 2,376 square feet and is located at 9 Gaulin Avenue in Woonsocket, Rhode Island.
Key Highlights
- Two two‑bedroom units
- Both apartments delivered vacant
- Separate meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,398
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,960
$628.0K
Cap Rate 7%
$448,543
$448.5K
Cap Rate 9%
$348,867
$348.9K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$60.7K $25.56/SF
− Vacancy
−$3.6K −$1.53/SF
EGI
$57.1K $24.03/SF
− OpEx
−$25.7K −$10.81/SF
NOI
$31.4K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$627,960
Cap Rate 7%
$448,543
Cap Rate 9%
$348,867
Alternative Uses
Best Use
Multifamily LT 5
$565.2K
$494.5K – $659.4K
NOI $39,562 @ 7.0% cap · market cap 11.02%
Second Best
Apartment 5plus
$448.5K
$392.5K – $523.3K
NOI $31,398 @ 7.0% cap · market cap 8.75%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,177
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms and separate utility metering, with both apartments currently vacant.
Where is this duplex located?
The property is located at 9 Gaulin Avenue Woonsocket, RI.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two two‑bedroom units; Both apartments delivered vacant; Separate meters for each unit
