Four-Unit Multifamily
New
For Sale
$800,000
990 Douglas Tpke, Burrillville, RI 02830
Four residential units are arranged across two separate buildings, each on its own tax parcel.
Property Size3,731 SF
Price / SF$214.42
Days on Market5
Property Features for 990 Douglas Tpke
General Information
Standard status
Active
Size
3,731 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$7,729
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 331-9300
Listed By:
Christina Rouse · License #REB.0019720
(401) 556-1243
Source:
Exprealty
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 7 at 2:46PM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This multifamily property brings together two side-by-side duplex buildings with four residential units in total. Each unit has a walk-out lower level, and the buildings occupy two separate tax parcels. The combined property contains 3,731 square feet.
Located on Douglas Tpke in Burrillville, the property has separately metered utilities paid by tenants, except for sewer.
Located on Douglas Tpke in Burrillville, the property has separately metered utilities paid by tenants, except for sewer.
Key Highlights
- Four residential units across two side‑by‑side duplex buildings
- 3,731 square feet combined
- Two separate tax parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,123
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,460
$1.2M
Cap Rate 7%
$887,471
$887.5K
Cap Rate 9%
$690,256
$690.3K
Market Conditions
NOI Build-Up for 3,731 SF
Gross rent
$94.9K $25.44/SF
− Vacancy
−$6.2K −$1.65/SF
EGI
$88.7K $23.79/SF
− OpEx
−$26.6K −$7.14/SF
NOI
$62.1K $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%
$1,242,460
Cap Rate 7%
$887,471
Cap Rate 9%
$690,256
Alternative Uses
Best Use
Multifamily LT 5
$887.5K
$776.5K – $1.04M
NOI $62,123 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$704.3K
$616.3K – $821.7K
NOI $49,303 @ 7.0% cap · market cap 6.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 02830, RI
6,474
Population
2,837
Households
2.3
Avg Household Size
46
Median Age
29%
College-Educated
91%
High-School Grad
20.4 sq mi
ZIP Area
317
Density / Sq Mi
$121,611
Median Household Income
$59,876
Median Earnings
$981
Median Rent
$381,200
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Four residential units are arranged across two separate buildings, each on its own tax parcel.
Where is this multifamily property located?
The property is located at 990 Douglas Tpke Burrillville, RI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four residential units across two side‑by‑side duplex buildings; 3,731 square feet combined; Two separate tax parcels
