New Multifamily Property in
804 DOUGLAS Avenue Providence, RI 02908
804 DOUGLAS Avenue, Providence, RI, 02908
$669,000
Pending
For Sale
$669,000
Pending
MULTI_FAMILY - Providence, RI
Property Size3,600 SF
Lot Size0.07 Acres
Days on Market97
Property Features for 804 DOUGLAS Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Basement, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 2
- Parking
- 4
- Parking features
- None
- Patio and Porch features
- Porch, Deck
- Interior features
- Wall (Dry Wall), Plumbing (PEX), Plumbing (PVC), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Exterior features
- Deck, Porch
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater, Microwave, Oven/Range, Refrigerator
- Standard status
- Pending
- Size
- 3,600 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Vinyl, Tile - Ceramic
- Building materials
- Dry Wall, Vinyl Siding
Listing agency
Keller Williams Leading Edge
(401) 333-4900
Listed by
Aaron Coutu · License #RES.0044787
(401) 333-4900
Added: Apr 17 Updated: Jul 16 at 3:22PM Checked: Jul 22 at 1:06PM
MLS# 1410329
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 new construction multifamily property, zoned R3, features two vacant units designed with amenities similar to single-family homes. Each mirror-matched unit includes 3 bedrooms, 2 full bathrooms, a master bedroom with a walk-in closet, and an open floor plan. The units have separate utilities, central air, and laundry hookups. Stainless steel appliances, including a dishwasher, are included. New sod grass has been installed. The property also features a full, unfinished basement of approximately 1,200 square feet, offering the potential for a third unit or additional living space, subject to buyer due diligence regarding requirements and restrictions. The property is located in Providence, RI.
Key Highlights
- New Construction (2026) Turnkey Two‑Family Home with Vacant Units
- Zoned R3: Potential for a 3rd Unit or Additional Living Space in the Basement (Buyer Due Diligence Required)
- Each Unit Features 3 Bedrooms, 2 Bathrooms, and a Master Walk‑in Closet
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 | $92.9k | $25.80 |
| − Vacancy | −$6.0k | −$1.68 |
| EGI | $86.8k | $24.12 |
| − OpEx | −$26.1k | −$7.24 |
| NOI | $60.8k | $16.89 |
3,600 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$868.4K
$759.9K – $1.01M
NOI $60,790 @ 7.0% cap · market cap 9.09%
Second Best
Apartment 5plus
$780.0K
$682.5K – $910.1K
NOI $54,603 @ 7.0% cap · market cap 8.16%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,308 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey, new construction multifamily property with potential for additional unit.
Where is this duplex located?
The property is located at 804 DOUGLAS Avenue Providence, RI.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: New Construction (2026) Turnkey Two‑Family Home with Vacant Units; Zoned R3: Potential for a 3rd Unit or Additional Living Space in the Basement (Buyer Due Diligence Required); Each Unit Features 3 Bedrooms, 2 Bathrooms, and a Master Walk‑in Closet
