Two-Family Townhouse-Style
12 Quince Street Providence, RI 02905
For Sale
$585,000
MULTI_FAMILY - Providence, RI
Property Size2,100 SF
Lot Size0.06 Acres
Price / SF$278.57
Days on Market50
Property Features for 12 Quince Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Basement, Bedroom 1, Bedroom 6, Bedroom 4
- Parking
- 4
- Parking features
- None
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3352
Utilities
- Heating system
- Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Hardwood
- Building materials
- Vinyl Siding
Listing Agency:
Century 21 Visionary Group
(401) 380-6020
Listed By:
Jean Feliciano
(401) 380-0183
Added: Jun 8
Changed: Jul 23
Last Checked: Jul 27 at 9:06AM
MLS# 1414817
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.
This well-maintained two-family property offers a first-floor unit with an updated kitchen and a second unit configured as a townhouse-style layout spanning the 2nd and 3rd floors. Recent improvements include a newer Navien heating system. The home is designed to support either owner occupancy or rental use, with separate living space within the two-unit structure.
The property is located in Providence, RI, with convenient access to everyday amenities and major highways. Off-street parking is available for up to four vehicles.
Set on a compact lot, the building includes two residential units totaling approximately 2,100 square feet of building area, providing a practical layout for a variety of residential income strategies.
The property is located in Providence, RI, with convenient access to everyday amenities and major highways. Off-street parking is available for up to four vehicles.
Set on a compact lot, the building includes two residential units totaling approximately 2,100 square feet of building area, providing a practical layout for a variety of residential income strategies.
Key Highlights
- 2‑family home built in 1900 with a townhouse‑style second unit spanning the 2nd and 3rd floors
- Updated kitchen in the first‑floor unit
- Newer Navien heating system for added efficiency and comfort
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 | $54.2k | $25.80 |
| − Vacancy | −$3.5k | −$1.68 |
| EGI | $50.7k | $24.12 |
| − OpEx | −$15.2k | −$7.24 |
| NOI | $35.5k | $16.89 |
2,100 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.6K
$443.3K – $591.0K
NOI $35,461 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$455.0K
$398.2K – $530.9K
NOI $31,852 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$702.6K
$614.8K – $819.7K
NOI $49,180 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with off-street parking and a townhouse-style second unit on the upper floors.
Where is this duplex located?
The property is located at 12 Quince Street Providence, RI.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 2‑family home built in 1900 with a townhouse‑style second unit spanning the 2nd and 3rd floors; Updated kitchen in the first‑floor unit; Newer Navien heating system for added efficiency and comfort
