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    Charming Duplex Near Lippitt Park Title is generated by Realmo AI

    132 Eleventh Street, Providence, RI 02906

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    Claim this Listing
    Pending
    $845,000

    MULTI_FAMILY - Providence, RI

    Property size:
    3,851 SF
    Lot size:
    0.08 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 12 at 12:06 am

    Property Features for 132 Eleventh Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 3, Basement
    Parking
    4
    Parking features
    Open
    Patio and Porch features
    Porch
    Interior features
    Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
    Exterior features
    Porch
    Basement
    Full, Unfinished, Storage Space
    Appliances
    Dishwasher, Dryer, Disposal, Microwave, Oven/Range, Refrigerator, Washer
    Standard status
    Pending
    Size
    3,851 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6386

    Utilities

    Heating system
    Zoned, Steam, Oil, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Tile - Ceramic, Hardwood
    Building materials
    Plaster, Wood

    We can help!

    Listing Contact
    Gerri Schiffman

    Listing agent Gerri Schiffman License #RES.0025339

    Listing office Residential Properties Ltd. 140 Wickenden Street, RI

    Listing date Apr 23, 2026

    MLS# 1410778 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.

    HighLights

    • Prime location: Steps from Lippitt Park and a short walk to Hope Village's shops and restaurants.
    • Two‑unit property: Ideal for investment or owner‑occupancy with rental income potential.
    • Spacious 2nd/3rd floor townhouse unit: Features a renovated third floor with vaulted ceilings, exposed beams, additional bedrooms, sitting area, in‑unit laundry, and a full bath.
    • Charming original details: The property is filled with original details that add character.
    • Private outdoor space: Includes a fenced yard with a stone patio and a one‑car garage.
    • Separate utilities and replacement windows: Ensuring convenience and energy efficiency.

    Overview

    This two-family home is located steps from Lippitt Park and a short walk from the shops and restaurants of Hope Village. The property retains original details and offers a blend of character, flexibility, and location. The first-floor apartment includes a front porch, a living room with a bay window open to the dining room, an eat-in kitchen, two bedrooms, and a full bath. The second and third-floor townhouse unit mirrors the first-floor layout on its main level, including a covered porch, and expands upward to a renovated third floor. This loft-like space features vaulted ceilings, exposed beams, two additional bedrooms, a sitting area, a full bath, and in-unit laundry. Additional features include separate utilities, replacement windows, and a dedicated heating and cooling system for the third floor. Outside, there is a private fenced yard with a stone patio, plus a one-car garage. The property, totaling 3,851 square feet on a 0.08-acre lot, is suitable as an investment property or for owner occupancy, allowing the owner to live in one unit and rent the other while enjoying one of the East Side's neighborhoods.

    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 $99.4k $25.80
    − Vacancy −$6.5k −$1.68
    EGI $92.9k $24.12
    − OpEx −$27.9k −$7.24
    NOI $65.0k $16.89
    3,851 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $929.0K
    $812.9K – $1.08M (±1% cap)
    NOI $65,028 @ 7.0% cap · market cap 7.70%
    Second Best
    Apartment 5plus
    $834.4K
    $730.1K – $973.5K (±1% cap)
    NOI $58,410 @ 7.0% cap · market cap 6.91%
    Theoretical Best
    Office A
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,186 @ 7.0% cap · market cap 10.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.392592
    Latitude
    41.855076

    FAQs

    What type of property is this?
    Duplex - Two-family home near Hope Village with renovated third floor.
    Where is this duplex located?
    The property is located at 132 Eleventh Street Providence, RI.
    What is the asking price?
    The asking price for this property is $845,000.
    What are key features of this property?
    This property features: Prime location: Steps from Lippitt Park and a short walk to Hope Village's shops and restaurants.; Two‑unit property: Ideal for investment or owner‑occupancy with rental income potential.; Spacious 2nd/3rd floor townhouse unit: Features a renovated third floor with vaulted ceilings, exposed beams, additional bedrooms, sitting area, in‑unit laundry, and a full bath.
    More about this property
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