Two-Family Home with Rear
172 Baker Street Providence, RI 02905
For Sale
Under Contract
$672,000
MULTI_FAMILY - Providence, RI
Property Size2,552 SF
Lot Size0.12 Acres
Price / SF$263.32
Days on Market48
Property Features for 172 Baker Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 3, Bathroom 4, Bedroom 4, Basement, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 7
- Parking
- 6
- Parking features
- None
- Interior features
- Wall (Dry Wall), Attic, Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active Under Contract
- Size
- 2,552 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4800
Utilities
- Heating system
- Central, Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Dry Wall, Vinyl Siding
Listing Agency:
Realpro By The Water
(401) 600-4100
Listed By:
The Realpro Group
(401) 900-5885
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 27 at 7:06AM
MLS# 1415052
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.
172 Baker Street is a two-family home built in 2022, designed with modern, open-concept living in each unit. Both residences offer four bedrooms and two full bathrooms, with shaker-style cabinetry, quartz countertops, stainless steel appliances, recessed lighting, and tiled bathrooms. Each unit includes a primary suite with an en-suite bath and double closets. The property also features central heat and air conditioning, separate utilities, and a rear deck framed by a decorative black iron fence.
A double-sided driveway provides on-site parking, and the home includes a walkout basement that may support an ADU or expansion, subject to local approvals. The property is described as conveniently located minutes from Downtown Providence, major hospitals, I-95, I-195, Route 10, and Roger Williams Park, with zoning identified as R2.
This configuration can be a practical fit for an owner-occupant seeking rental income alongside a second unit, or for an investor evaluating a newer, turnkey multifamily with contemporary finishes. With four-bedroom layouts on both sides and separate utilities already in place, the property offers straightforward day-to-day operation and flexibility for future uses in the walkout basement area, as permitted by local requirements.
A double-sided driveway provides on-site parking, and the home includes a walkout basement that may support an ADU or expansion, subject to local approvals. The property is described as conveniently located minutes from Downtown Providence, major hospitals, I-95, I-195, Route 10, and Roger Williams Park, with zoning identified as R2.
This configuration can be a practical fit for an owner-occupant seeking rental income alongside a second unit, or for an investor evaluating a newer, turnkey multifamily with contemporary finishes. With four-bedroom layouts on both sides and separate utilities already in place, the property offers straightforward day-to-day operation and flexibility for future uses in the walkout basement area, as permitted by local requirements.
Key Highlights
- Two‑family home built in 2022 with a modern interior and spacious unit layouts.
- Each unit offers 4 bedrooms and 2 full bathrooms with an open‑concept layout.
- Appliances include an oven/range, refrigerator, and gas water heater; central heat and central A/C.
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 | $65.8k | $25.80 |
| − Vacancy | −$4.3k | −$1.68 |
| EGI | $61.6k | $24.12 |
| − OpEx | −$18.5k | −$7.24 |
| NOI | $43.1k | $16.89 |
2,552 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.6K
$538.7K – $718.2K
NOI $43,093 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,765 @ 7.0% cap · market cap 8.89%
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 - Built in 2022, this two-family offers modern interiors, central heat and air, separate utilities, and a walkout basement.
Where is this duplex located?
The property is located at 172 Baker Street Providence, RI.
What is the asking price?
The asking price for this property is $672,000.
What are key features of this property?
This property features: Two‑family home built in 2022 with a modern interior and spacious unit layouts.; Each unit offers 4 bedrooms and 2 full bathrooms with an open‑concept layout.; Appliances include an oven/range, refrigerator, and gas water heater; central heat and central A/C.
