1 Hale Street Providence, RI 02909
MULTI_FAMILY - Providence, RI
- Added:
- May 4, 2026
- Days on Market:
- 69
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 1 Hale Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 5, Basement, Bedroom 3, Bedroom 2, Bedroom 4
- Parking
- 4
- Parking features
- None
- Patio and Porch features
- Patio
- Interior features
- Stairs, Plumbing (Mixed)
- Exterior features
- Patio
- Basement
- Finished, Full
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,893 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3444
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Vinyl Siding
Listing agent The InnoVenture Team (508) 726-3492
Listing office Century 21 Visionary Group 969 Waterman Avenue, Suite 3, East Providence, RI (401) 380-6020
Listing date May 4, 2026
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.
Investment Insights
Based on property information with market context.
The duplex is located at 1 Hale Street in Providence, RI 02909. The listing notes convenient proximity to local amenities and highways, supporting easy day-to-day access for tenants.
From a practical standpoint, the layout supports buyers looking to live in one unit while generating rental income from the other, or to operate the property as a residential income asset. The included off-street parking lot across the street can be a meaningful convenience for tenants, especially in a duplex setup where parking availability matters. The solar lease conveyance is an additional item for buyers to factor into their operating planning, since it remains with the property at closing.
Key Highlights
- Well‑maintained 2‑family property with a separate 1,050 sq ft lot across the street
- 1,050 sq ft lot currently used for off‑street parking
- Solar panel lease to convey with the purchase
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.6k | $25.80 |
| − Vacancy | −$4.9k | −$1.68 |
| EGI | $69.8k | $24.12 |
| − OpEx | −$20.9k | −$7.24 |
| NOI | $48.9k | $16.89 |
