194 Pavilion Avenue Providence, RI 02905
MULTI_FAMILY - Providence, RI
- Added:
- Jul 1, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 12 at 2:06 pm
Property Features for 194 Pavilion Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Basement, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 4
- Parking
- 8
- Interior features
- Wall (Plaster), Insulation (Unknown)
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,352 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2946
Utilities
- Heating system
- Forced Air, Baseboard, Natural Gas
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Plaster, Vinyl Siding
Listing agent Lissette Guzman License #RES.0042951 (401) 300-0833
Listing office Circle 100 Real Estate 359 Broad Street, Floor 2, Providence, RI (401) 336-6083
Listing date Jul 1, 2026
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.
Additional mechanical updates include two newer boilers installed approximately 2 years ago, and water tanks that were replaced in May 2026. The property also has leased solar panels with an approximate monthly payment of $190 (about $189 noted), described as assumable. The listing indicates the home is back on the market due to the buyer’s financing.
The units are configured as separate 2-bedroom, 1-bath layouts within a single two-family structure, supported by the recent boiler and water tank improvements and a driveway and yard suitable for day-to-day use.
Key Highlights
- Two‑family property with 4 bedrooms and 3 full bathrooms total, split into two units with 2 beds and 1 full bath each
- Hardwood flooring and gas heating with natural gas, forced air, and baseboard systems
- Two newer boilers installed approximately 2 years ago
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 | $60.7k | $25.80 |
| − Vacancy | −$3.9k | −$1.68 |
| EGI | $56.7k | $24.12 |
| − OpEx | −$17.0k | −$7.24 |
| NOI | $39.7k | $16.89 |
