Newer Multifamily Property, Providence

49 Huber Avenue Providence, RI 02909

Claim this Listing
Pending
$699,000

MULTI_FAMILY - Providence, RI

Type:Apartment
Property size:
2,344 SF
Lot size:
0.09 Acres
Added:
May 1, 2026
Days on Market:
73
Last Refresh:
Jul 12 at 7:06 am

Property Features for 49 Huber Avenue

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Zoning
RES
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 4, Basement, Bedroom 6, Bedroom 1, Bathroom 1
Parking
5
Parking features
Garage
Patio and Porch features
Deck
Interior features
Wall (Dry Wall), Wall (Plaster), Attic, Wet Bar, Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
Exterior features
Deck
Basement
Storage Space, Full, Finished
Appliances
Electric Water Heater, Dishwasher, Exhaust Fan, Microwave, Oven/Range, Refrigerator
Standard status
Pending
Size
2,344 SF
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
5200

Utilities

Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air

Building Details

Year built
2021
Floors in Building
3
Number of units
2
Flooring type
Laminate, Hardwood, Tile - Ceramic
Building materials
Dry Wall, Plaster, Vinyl Siding

Listing agent Lisa Hassett

Listing office Realty New England 63 Sockanosset Cross Rd U2a-2, Seekonk, RI

Listing date May 1, 2026

MLS# 1411590 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.

Constructed in 2021/2022, this two-family property offers the potential for a third unit. Each floor features an open living room, dining area, and kitchen equipped with granite countertops, soft-close cabinets, and an island. Each unit includes three large bedrooms with ample closet space. The primary suite has its own bathroom, with an additional full bathroom available. Hardwood flooring is present throughout the property. The finished recreation room and storage area are located in the basement, along with laundry facilities and a half bath. The property is situated in a location near Rhode Island College, with convenient access to public transportation, grocery stores, and restaurants. The lot size is 0.0918 acres, and the property size is 2344 square feet. This property is zoned as RES.

Key Highlights

  • Newer 2‑family construction (built 2021/2022) with potential for a third unit.
  • Each unit features an open living room, dining area, and kitchen with granite countertops and an island.
  • Each unit has 3 large bedrooms with ample closet space, including a primary suite with a private bathroom.

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 $60.5k $25.80
− Vacancy −$3.9k −$1.68
EGI $56.5k $24.12
− OpEx −$17.0k −$7.24
NOI $39.6k $16.89
2,344 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$565.4K
$494.8K – $659.7K (±1% cap)
NOI $39,581 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$507.9K
$444.4K – $592.6K (±1% cap)
NOI $35,553 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$784.2K
$686.2K – $914.9K (±1% cap)
NOI $54,894 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Accounting Firm HVAC Service Kitchen & Bath Showroom Pharmacy Barber Shop (Bike/Boat/Book/etc) Store Building Supply Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Newer two-family property with potential for a third unit.
Where is this duplex located?
The property is located at 49 Huber Avenue Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Newer 2‑family construction (built 2021/2022) with potential for a third unit.; Each unit features an open living room, dining area, and kitchen with granite countertops and an island.; Each unit has 3 large bedrooms with ample closet space, including a primary suite with a private bathroom.
Contact an agent
More about this property
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