Two-Family Duplex with Rear
New
For Sale
$750,000
139 Benedict Street, Providence, RI 02909
Residential Income, Providence, RI
Property Size3,861 SF
Lot Size0.10 Acres
Price / SF$194.25
Days on Market3
Property Features for 139 Benedict Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bedroom 1, Bedroom 7, Bedroom 5, Bedroom 10, Bathroom 1, Basement, Bedroom 8, Bedroom 9, Bathroom 5, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 11, Bedroom 2
Parking
3
Parking features
None
Patio and Porch features
Deck, Porch
Interior features
Wall (Dry Wall), Plumbing (PVC), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
Exterior features
Deck, Porch
Basement
Finished, Full
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Gas Water Heater
Lot features
Fenced, Paved Driveway
Standard status
Active
Size
3,861 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
gas heat
central air
rear deck
private fully fenced backyard
recessed lighting
Building Details
Year built
2025
Floors in Building
3
Number of units
2
Flooring type
Vinyl
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Residential Properties Ltd.
(401) 333-9333
Listed By:
Linda Duarte
(401) 548-5574
Added: Oct 4
Changed: Oct 5
Last Checked: Oct 6 at 6:06AM
MLS# 1425081
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.
Built in 2025, this two-family duplex provides 3,861 square feet across two residences. The first unit has a townhouse-style plan with 7 bedrooms and 3 full bathrooms over two levels, including a finished walkout lower level. The second offers 4 bedrooms and 2 full bathrooms in an open-concept layout. Both units have kitchens, in-unit laundry, natural-gas heat, and central air conditioning.
The 0.1033-acre property at 139 Benedict Street in Providence includes a rear deck, porch, and fenced backyard. Dexter Park, the Cranston Street Armory, Hudson Street Deli, and Urban Greens Food Co-Op are among the nearby destinations identified for the area. Downtown, hospitals, a train station, and highway access are also noted nearby.
The 0.1033-acre property at 139 Benedict Street in Providence includes a rear deck, porch, and fenced backyard. Dexter Park, the Cranston Street Armory, Hudson Street Deli, and Urban Greens Food Co-Op are among the nearby destinations identified for the area. Downtown, hospitals, a train station, and highway access are also noted nearby.
Key Highlights
- Two‑family property with 3,861 square feet of building area
- Built in 2025 on a 0.1033‑acre lot
- First unit: 7 bedrooms and 3 full bathrooms across two levels, with a finished walkout lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,197
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,940
$1.3M
Cap Rate 7%
$931,386
$931.4K
Cap Rate 9%
$724,411
$724.4K
Market Conditions
NOI Build-Up for 3,861 SF
Gross rent
$99.6K $25.80/SF
− Vacancy
−$6.5K −$1.68/SF
EGI
$93.1K $24.12/SF
− OpEx
−$27.9K −$7.24/SF
NOI
$65.2K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,940
Cap Rate 7%
$931,386
Cap Rate 9%
$724,411
Alternative Uses
Best Use
Multifamily LT 5
$931.4K
$815.0K – $1.09M
NOI $65,197 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$836.6K
$732.0K – $976.0K
NOI $58,562 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,420 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The 2025-built property contains two separate residences with in-unit laundry, natural-gas heat, and central air conditioning.
Where is this duplex located?
The property is located at 139 Benedict Street Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family property with 3,861 square feet of building area; Built in 2025 on a 0.1033‑acre lot; First unit: 7 bedrooms and 3 full bathrooms across two levels, with a finished walkout lower level
