Ten-Bedroom
For Sale
$699,000
142 Oxford Street, Providence, RI 02905
Residential Income, Providence, RI
Property Size3,303 SF
Lot Size0.08 Acres
Price / SF$211.63
Days on Market16
Property Features for 142 Oxford Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 1, Bathroom 2, Bedroom 10, Bedroom 5, Bathroom 4, Bedroom 9, Basement, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 8
Parking
5
Parking features
None
Basement
Partially Finished, Full
Appliances
Gas Water Heater
Standard status
Active
Size
3,303 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5859
Utilities
Heating system
Natural Gas
Building Details
Year built
1910
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Added: Aug 11
Changed: Aug 22
Last Checked: Aug 26 at 5:06AM
MLS# 1420258
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 duplex contains 3,303 square feet on a 0.08-acre lot and was built in 1910. The layout includes 10 bedrooms and 4 full bathrooms, with bedrooms distributed across the basement, first, second, and third floors. Interior finishes include laminate and carpet flooring, while vinyl siding forms the exterior. Heating is provided by natural gas, and the property has a gas water heater.
Located on Oxford Street in Providence’s South Elmwood neighborhood, the property sits near Elmwood Avenue, local restaurants, grocery stores, cafes, schools, parks, and municipal services. Roger Williams Park, Rhode Island Hospital, Hasbro Children’s Hospital, Johnson & Wales University, and Downtown Providence are also identified nearby. Interstate 95, Route 10, Interstate 195, public transportation, Garden City Center, and T.F. Green Airport provide additional regional connections.
Located on Oxford Street in Providence’s South Elmwood neighborhood, the property sits near Elmwood Avenue, local restaurants, grocery stores, cafes, schools, parks, and municipal services. Roger Williams Park, Rhode Island Hospital, Hasbro Children’s Hospital, Johnson & Wales University, and Downtown Providence are also identified nearby. Interstate 95, Route 10, Interstate 195, public transportation, Garden City Center, and T.F. Green Airport provide additional regional connections.
Key Highlights
- 3,303 square feet on a 0.08‑acre lot
- 10 bedrooms and 4 full bathrooms
- Bedrooms span the basement, first, second, and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,775
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,500
$1.1M
Cap Rate 7%
$796,786
$796.8K
Cap Rate 9%
$619,722
$619.7K
Market Conditions
NOI Build-Up for 3,303 SF
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.
Gross rent
$85.2K $25.80/SF
− Vacancy
−$5.5K −$1.68/SF
EGI
$79.7K $24.12/SF
− OpEx
−$23.9K −$7.24/SF
NOI
$55.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,115,500
Cap Rate 7%
$796,786
Cap Rate 9%
$619,722
Alternative Uses
Best Use
Multifamily LT 5
$796.8K
$697.2K – $929.6K
NOI $55,775 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$715.7K
$626.2K – $835.0K
NOI $50,098 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.11M
$966.9K – $1.29M
NOI $77,352 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Multilevel residential income property with four full bathrooms and substantial living space.
Where is this duplex located?
The property is located at 142 Oxford Street Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,303 square feet on a 0.08‑acre lot; 10 bedrooms and 4 full bathrooms; Bedrooms span the basement, first, second, and third floors
