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    Providence Two-Family Home For Sale

    120 Hawkins Street Providence, RI 02908

    Claim this Listing
    For Sale
    $497,500

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Property size:
    1,910 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $260/SF
    Added:
    Jan 8, 2026
    Days on Market:
    184
    Last Refresh:
    Jul 11 at 4:06 pm

    Property Features for 120 Hawkins Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 2, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 3
    Parking
    2
    Parking features
    Garage
    Basement
    Finished, Full
    Appliances
    Gas Water Heater
    Standard status
    Active
    Size
    1,910 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5397

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1930
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding

    Listing agent Kyle Seyboth License #REC.0005226

    Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

    Listing date Jan 8, 2026

    MLS# 1402869 Listing URL

    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 home is situated in a prime Providence location, offering convenient access to major highways, shopping, and local amenities, making it ideal for commuters. The property features two occupied units, providing immediate rental income for investors or an ideal setup for owner-occupants. The upper unit features hardwood flooring, adding charm and durability. The lower unit is equipped with mini splits for A/C. Both units offer practical layouts with plenty of natural light. Off-street parking provides added convenience for residents. The property size is 1910 square feet and the lot size is 0.0562 acres. This multifamily property is an excellent opportunity in a high-demand area, ideal for expanding an investment portfolio or securing a home with strong rental potential.

    Key Highlights

    • Prime Providence location with quick access to major highways, shopping, and local amenities.
    • Two occupied units providing immediate rental income.
    • Off‑street parking for added convenience.

    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 $49.3k $25.80
    − Vacancy −$3.2k −$1.68
    EGI $46.1k $24.12
    − OpEx −$13.8k −$7.24
    NOI $32.3k $16.89
    1,910 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $460.7K
    $403.2K – $537.5K (±1% cap)
    NOI $32,252 @ 7.0% cap · market cap 6.48%
    Second Best
    Apartment 5plus
    $413.9K
    $362.1K – $482.8K (±1% cap)
    NOI $28,970 @ 7.0% cap · market cap 5.82%
    Theoretical Best
    Office A
    $639.0K
    $559.1K – $745.5K (±1% cap)
    NOI $44,730 @ 7.0% cap · market cap 8.99%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Dental Office Cafe & Coffee Shop Spa & Massage Center Accounting Firm Gym & Fitness Center Carpet & Flooring Store Garden Center Discount Store Daycare Center

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

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family home in prime location with immediate rental income.
    Where is this duplex located?
    The property is located at 120 Hawkins Street Providence, RI.
    What is the asking price?
    The asking price for this property is $497,500.
    What are key features of this property?
    This property features: Prime Providence location with quick access to major highways, shopping, and local amenities.; Two occupied units providing immediate rental income.; Off‑street parking for added convenience.
    Contact an agent
    (508) 726-3492
    We can help!
    Contact an agent
    Kyle Seyboth
    Real Estate License ID: REC.0005226
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