Two-Unit
New
For Sale
$389,000
Woonsocket, RI 02985, Woonsocket, RI 02985
Residential Income, Woonsocket, RI
Property Size1,678 SF
Lot Size0.15 Acres
Price / SF$231.82
Days on Market3
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Basement
Parking
4
Parking features
None
Basement
Full, Finished
Appliances
Gas Water Heater
Subdivision
Bernon
Standard status
Active
Size
1,678 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Oil, Baseboard, Steam
Water source
Public
Amenities
backyard
partially finished basement
off-street parking
Building Details
Year built
1920
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Vinyl, Laminate
Building materials
Aluminum Siding
Listing Agency:
Circle 100 Real Estate
(401) 336-6083
Listed By:
Yamanda Perez Jimenez
(401) 523-4983
Added: Oct 15
Last Checked: Oct 16 at 11:06PM
MLS# 1426160
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
Built in 1920, this duplex contains two apartments, each with two bedrooms. The second-floor apartment is currently rented. The building has 1,678 square feet of living area on a 0.15-acre lot, with a partially finished basement providing additional interior space.
The property is in Woonsocket, Rhode Island. Public water serves the building; heating is by steam and baseboard systems using oil.
The property is in Woonsocket, Rhode Island. Public water serves the building; heating is by steam and baseboard systems using oil.
Key Highlights
- Two apartments, each with two bedrooms
- Second‑floor unit currently generates rental income
- 1,678 square feet of building area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,940
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,800
$558.8K
Cap Rate 7%
$399,143
$399.1K
Cap Rate 9%
$310,444
$310.4K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$42.7K $25.44/SF
− Vacancy
−$2.8K −$1.65/SF
EGI
$39.9K $23.79/SF
− OpEx
−$12.0K −$7.14/SF
NOI
$27.9K $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%
$558,800
Cap Rate 7%
$399,143
Cap Rate 9%
$310,444
Alternative Uses
Best Use
Multifamily LT 5
$399.1K
$349.3K – $465.7K
NOI $27,940 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$316.8K
$277.2K – $369.6K
NOI $22,174 @ 7.0% cap · market cap 5.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,108
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments include a second-floor unit currently producing rental income.
Where is this duplex located?
The property is located at Woonsocket, RI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms; Second‑floor unit currently generates rental income; 1,678 square feet of building area
