Two-Unit Duplex with Detached
For Sale
Under Contract
$519,900
34 Matson Avenue, Providence, RI 02909
Residential Income, Providence, RI
Property Size2,068 SF
Lot Size0.09 Acres
Price / SF$251.40
Days on Market53
Property Features for 34 Matson Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking
6
Patio and Porch features
Porch
Interior features
Wall (Paneled), Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Partially Finished, Full, Storage Space
Appliances
Gas Water Heater
Subdivision
Providence
Lot features
Fenced
Standard status
Active Under Contract
Size
2,068 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5872
Utilities
Heating system
Steam, Natural Gas
Water source
Public
Amenities
enclosed porches
laundry hook ups
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Laminate, Vinyl, Hardwood
Building materials
Paneled, Plaster, Clapboard, Vinyl Siding
Listing Agency:
Keller Williams Coastal · Keller Williams Realty
(401) 845-9200
Listed By:
The NMR Group
(401) 529-6300
Added: Aug 14
Changed: Sep 13
Last Checked: Oct 5 at 4:06PM
MLS# 1420505
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 2,068-square-foot duplex, built in 1920, contains two residential units with a similar practical layout. Each offers two bedrooms, a full bathroom, double parlors, an eat-in kitchen, hardwood flooring, and an enclosed front porch. The lower level adds a finished room, full bathroom, laundry hookups, and storage. Steam heat, natural gas, a gas water heater, and public water serve the property.
The 0.09-acre parcel includes a detached garage and driveway for off-street parking. Located at 34 Matson Avenue in Providence, the property is minutes from highway access and public transit, with restaurants, shopping, and recreation nearby. R3 zoning supports its residential use.
The 0.09-acre parcel includes a detached garage and driveway for off-street parking. Located at 34 Matson Avenue in Providence, the property is minutes from highway access and public transit, with restaurants, shopping, and recreation nearby. R3 zoning supports its residential use.
Key Highlights
- 2,068‑square‑foot duplex on a 0.09‑acre parcel
- Two units with two bedrooms, full baths, eat‑in kitchens, double parlors, and enclosed front porches
- Finished lower‑level room with full bathroom, laundry hookups, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,920
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,400
$698.4K
Cap Rate 7%
$498,857
$498.9K
Cap Rate 9%
$388,000
$388.0K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$53.4K $25.80/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$49.9K $24.12/SF
− OpEx
−$15.0K −$7.24/SF
NOI
$34.9K $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%
$698,400
Cap Rate 7%
$498,857
Cap Rate 9%
$388,000
Alternative Uses
Best Use
Multifamily LT 5
$498.9K
$436.5K – $582.0K
NOI $34,920 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$448.1K
$392.1K – $522.8K
NOI $31,366 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$691.9K
$605.4K – $807.2K
NOI $48,430 @ 7.0% cap · market cap 9.32%
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
835
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 - R3-zoned residential property with two spacious units, enclosed porches, off-street parking, and versatile lower-level space.
Where is this duplex located?
The property is located at 34 Matson Avenue Providence, RI.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 2,068‑square‑foot duplex on a 0.09‑acre parcel; Two units with two bedrooms, full baths, eat‑in kitchens, double parlors, and enclosed front porches; Finished lower‑level room with full bathroom, laundry hookups, and storage
