Duplex For
45 E George Street Providence, RI 02906
45 E George Street, Providence, RI, 02906
$769,900
For Sale
$769,900
MULTI_FAMILY - Providence, RI
Property Size2,550 SF
Lot Size0.11 Acres
Price / SF$301.92
Days on Market152
Property Features for 45 E George Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 02
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Parking
- 4
- Parking features
- None
- Window features
- Insulated Windows
- Interior features
- Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC)
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,550 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 11074
Utilities
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Pine, Hardwood
- Building materials
- Plaster, Vinyl Siding
Listing Agency
Patriot Realty, Inc.
(401) 578-7898
105 Medway Street, Greenville, RI
Listed by
Ed Kazarian
(401) 578-7898
Added: Feb 16 Checked: Jul 18 at 7:06 am
MLS# 1404970
Listing URL
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 for-sale duplex is configured as a residential income property, totaling 2,550 square feet of building area on a 0.1148-acre lot. The listing is presented as suitable for both investors and owner-occupants, making it a practical option for buyers looking to live in one unit while generating rental income from the other.
The property is located at 45 E George Street in Providence, Rhode Island (02906), within Providence County. The listing identifies zoning as 02, and the transaction is structured as a sale.
For tenant-occupied or owner-occupied strategies, this duplex format can support flexible occupancy plans compared with single-family homes. Buyers considering an owner-occupant approach can evaluate how the existing two-unit setup aligns with their space needs, while investors can review it as a compact income-generating residential asset. As always, prospective purchasers should confirm unit configurations, lease terms (if any), and all operating details during due diligence.
The property is located at 45 E George Street in Providence, Rhode Island (02906), within Providence County. The listing identifies zoning as 02, and the transaction is structured as a sale.
For tenant-occupied or owner-occupied strategies, this duplex format can support flexible occupancy plans compared with single-family homes. Buyers considering an owner-occupant approach can evaluate how the existing two-unit setup aligns with their space needs, while investors can review it as a compact income-generating residential asset. As always, prospective purchasers should confirm unit configurations, lease terms (if any), and all operating details during due diligence.
Key Highlights
- Built in 1930 with plaster construction and vinyl siding
- Interior plumbing includes copper, mixed, and PVC
- Flooring includes pine and hardwood
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 | $65.8k | $25.80 |
| − Vacancy | −$4.3k | −$1.68 |
| EGI | $61.5k | $24.12 |
| − OpEx | −$18.5k | −$7.24 |
| NOI | $43.1k | $16.89 |
2,550 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.1K
$538.3K – $717.7K
NOI $43,060 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$552.5K
$483.5K – $644.6K
NOI $38,677 @ 7.0% cap · market cap 5.02%
Theoretical Best
Office A
$853.1K
$746.5K – $995.3K
NOI $59,718 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Horace Mann Building
College
MEC Music Services
Tutoring Service
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-sized duplex on a compact Providence lot, offering a straightforward residential income setup for owner-occupants and investors.
Where is this duplex located?
The property is located at 45 E George Street Providence, RI.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Built in 1930 with plaster construction and vinyl siding; Interior plumbing includes copper, mixed, and PVC; Flooring includes pine and hardwood
