Two-Family Residential Income
33 wood Street Providence, RI 02907
For Sale
$620,000
MULTI_FAMILY - Providence, RI
Property Size2,274 SF
Lot Size0.10 Acres
Price / SF$272.65
Days on Market35
Property Features for 33 wood Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1
- Parking
- 4
- Parking features
- None
- Basement
- Full, Partially Finished
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,274 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4405
Utilities
- Heating system
- Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1860
- Number of units
- 2
- Flooring type
- Laminate, Hardwood
- Building materials
- Vinyl Siding
Listing Agency:
Century 21 Visionary Group
(401) 380-6020
Listed By:
Jean Feliciano
(401) 380-0183
Added: Jun 23
Changed: Jul 23
Last Checked: Jul 27 at 8:06AM
MLS# 1416100
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 two-family residential income property includes a first-floor unit with 2 bedrooms and 1 full bath. The second and third floors feature a townhouse-style layout with 5 rooms, 1 full bath, and 1 half bath. Off-street parking is provided.
The property is located in Providence, Rhode Island (02907), and the listing notes convenient access to highways, schools, shopping, and local amenities.
Subject to seller finding suitable housing, this offering is presented for sale with zoning designated as R-3.
The property is located in Providence, Rhode Island (02907), and the listing notes convenient access to highways, schools, shopping, and local amenities.
Subject to seller finding suitable housing, this offering is presented for sale with zoning designated as R-3.
Key Highlights
- 2‑family home in Providence with a first‑floor unit and townhouse‑style layout on the second and third floors
- First‑floor unit includes 2 bedrooms and 1 full bath
- Second and third floors feature 5 rooms with 1 full bath and 1 half bath
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 | $58.7k | $25.80 |
| − Vacancy | −$3.8k | −$1.68 |
| EGI | $54.9k | $24.12 |
| − OpEx | −$16.5k | −$7.24 |
| NOI | $38.4k | $16.89 |
2,274 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$548.6K
$480.0K – $640.0K
NOI $38,399 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$760.8K
$665.7K – $887.6K
NOI $53,254 @ 7.0% cap · market cap 8.59%
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 - Two-family home with off-street parking, offering separate layouts across the first and second/third floors.
Where is this duplex located?
The property is located at 33 wood Street Providence, RI.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 2‑family home in Providence with a first‑floor unit and townhouse‑style layout on the second and third floors; First‑floor unit includes 2 bedrooms and 1 full bath; Second and third floors feature 5 rooms with 1 full bath and 1 half bath
