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    111 Waverly St Providence, RI 02907

    New
    For Sale
    $525,000

    MULTI_FAMILY - Providence, RI

    Lot size:
    0.09 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 111 Waverly St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 7, Bathroom 4, Bedroom 8, Bedroom 6, Bedroom 4, Bathroom 3, Bedroom 9, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Basement
    Bedrooms
    9
    Bathrooms
    4
    Parking
    6
    Parking features
    Garage
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    2
    Building materials
    Vinyl Siding

    REALPRO By The Water (401) 432-4223 [email protected]

    Listing agent The Realpro Group (401) 709-4626

    Listing date Dec 8, 2025

    Copyright © 2025 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.

    Overview

    Providence Multifamily Investment Opportunity

    This two-family property, located in a desirable city, presents an opportunity for investors and buyers. It has the potential to be converted into a three-family residence, which could maximize rental income and long-term value. The property is conveniently situated near local stores and amenities, with easy access to the highway and is located approximately 45 minutes from Boston. The rental value in the area is strong. The property is being sold as-is and includes a new roof, vinyl siding, and updated windows. With the right updates, this property can become a high-performing investment. The lot size is approximately 0.0909 acres. The zoning is R-3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.432779
    Latitude
    41.808061

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    FAQs

    What type of property is this?
    Duplex - Two-family property with potential for conversion to three-family unit.
    Where is this duplex located?
    The property is located at 111 Waverly St Providence, RI.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Potential to convert to a three-family dwelling, increasing rental income.; - New roof, vinyl siding, and updated windows already installed.; - Convenient location near local stores, amenities, and highway access.
    (401) 709-4626
    Request Owner's contact information
    111 Waverly St Providence, RI 02907
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    Providence, RI 02907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Waverly St Providence, RI 02907
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