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    New Construction Two-Family Home

    86 Lynch Street Providence, RI 02908

    Claim this Listing
    Pending
    $699,000

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Property size:
    2,100 SF
    Lot size:
    0.07 Acres
    Added:
    Jan 21, 2026
    Days on Market:
    171
    Last Refresh:
    Jul 11 at 4:06 pm

    Property Features for 86 Lynch Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bathroom 2, Basement, Bedroom 6, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3
    Parking
    2
    Parking features
    Garage
    Basement
    Full, Unfinished
    Appliances
    Gas Water Heater
    Standard status
    Pending
    Size
    2,100 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1851

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    2024
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding

    Listing agent Kyle Seyboth License #REC.0005226

    Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

    Listing date Jan 21, 2026

    MLS# 1403255 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 is a new construction two-family home in Providence, Rhode Island. The property, nearing completion, offers an opportunity to own newly built multi-family housing. Each unit is thoughtfully designed with modern layouts and hardwood flooring. The design intends to reflect natural light from every window once finished. The contemporary kitchens are planned to be completed with modern finishes and stainless steel appliances, creating bright and functional living spaces. Both units will feature clean, modern design throughout. A large unfinished basement provides storage and future potential. The property is located near major highways, public transportation, shopping, dining, and local amenities. The lot size is 0.07 acres, and the property size is 2100 square feet.

    Key Highlights

    • Brand‑new 2‑family construction completed in 2024.
    • Prime Providence location near highways, public transportation, shopping, and dining.
    • Modern layouts with hardwood flooring and abundant natural light.

    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 $54.2k $25.80
    − Vacancy −$3.5k −$1.68
    EGI $50.7k $24.12
    − OpEx −$15.2k −$7.24
    NOI $35.5k $16.89
    2,100 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $506.6K
    $443.3K – $591.0K (±1% cap)
    NOI $35,461 @ 7.0% cap · market cap 5.07%
    Second Best
    Apartment 5plus
    $455.0K
    $398.2K – $530.9K (±1% cap)
    NOI $31,852 @ 7.0% cap · market cap 4.56%
    Theoretical Best
    Office A
    $702.6K
    $614.8K – $819.7K (±1% cap)
    NOI $49,180 @ 7.0% cap · market cap 7.04%
    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

    Dental Office Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Acupuncture Accounting Firm Electrical Service Cosmetic Store Plumbing Service

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

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    FAQs

    What type of property is this?
    Duplex - New construction two-family home in Providence, nearing completion.
    Where is this duplex located?
    The property is located at 86 Lynch Street 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: Brand‑new 2‑family construction completed in 2024.; Prime Providence location near highways, public transportation, shopping, and dining.; Modern layouts with hardwood flooring and abundant natural light.
    Contact an agent
    (508) 726-3492
    We can help!
    Contact an agent
    Kyle Seyboth
    Real Estate License ID: REC.0005226
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