Two-Family Residence with In-Unit
89 Knowles Street Providence, RI 02906
89 Knowles Street, Providence, RI, 02906
$719,999
For Sale
$719,999
MULTI_FAMILY - Providence, RI
Property Size3,899 SF
Lot Size0.09 Acres
Price / SF$184.66
Days on Market61
Property Features for 89 Knowles Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 4, Bedroom 2, Basement, Bathroom 1, Bathroom 5
- Parking features
- None
- Interior features
- Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
- Basement
- Unfinished, Storage Space, Full
- Appliances
- Gas Water Heater, Tankless Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 3,899 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4810
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Vinyl Siding
Listing Agency
William Raveis Inspire
(401) 751-8100
201 Wayland Avenue, #8, Providence, RI
Listed by
Mariana Freitas Novo
(401) 207-3329
Added: May 18 Checked: Jul 17 at 12:06 am
MLS# 1410946
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 two-family duplex at 89 Knowles Street, Providence offers two thoughtfully designed units within a well-maintained structure. The layout provides a total of 5/6 bedrooms, 3 full bathrooms, and 2 half bathrooms across both units. Each unit is described as having generous living space with abundant natural light and high ceilings, along with spacious kitchens and functional day-to-day layouts. In-unit laundry is included, adding convenience for both owner-occupants and tenants. The property size is listed at 3,899 square feet, with a lot size of 0.0928 acres, and the seller states lead certificates are available for both units.
The home is located on the East Side of Providence, with convenient access to universities, shopping, dining, parks, and public transportation, according to the remarks.
For tenants or owner-occupants, the configuration supports flexible use—room counts can accommodate additional bedrooms, home office space, or guest arrangements. Investors considering a two-unit setup may find the separated, unit-by-unit living spaces and in-unit laundry practical for day-to-day operations, with documentation noted via lead certificates for both units.
The home is located on the East Side of Providence, with convenient access to universities, shopping, dining, parks, and public transportation, according to the remarks.
For tenants or owner-occupants, the configuration supports flexible use—room counts can accommodate additional bedrooms, home office space, or guest arrangements. Investors considering a two-unit setup may find the separated, unit-by-unit living spaces and in-unit laundry practical for day-to-day operations, with documentation noted via lead certificates for both units.
Key Highlights
- Two‑family home on Providence’s East Side with flexible layouts across two units
- Total 5–6 bedrooms with 3 full bathrooms and 2 half bathrooms
- Includes in‑unit laundry for both units
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 | $100.6k | $25.80 |
| − Vacancy | −$6.5k | −$1.68 |
| EGI | $94.1k | $24.12 |
| − OpEx | −$28.2k | −$7.24 |
| NOI | $65.8k | $16.89 |
3,899 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$940.6K
$823.0K – $1.10M
NOI $65,839 @ 7.0% cap · market cap 9.14%
Second Best
Apartment 5plus
$844.8K
$739.2K – $985.6K
NOI $59,138 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,310 @ 7.0% cap · market cap 12.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two units, multiple bedrooms and bathrooms, and in-unit laundry for convenient living.
Where is this duplex located?
The property is located at 89 Knowles Street Providence, RI.
What is the asking price?
The asking price for this property is $719,999.
What are key features of this property?
This property features: Two‑family home on Providence’s East Side with flexible layouts across two units; Total 5–6 bedrooms with 3 full bathrooms and 2 half bathrooms; Includes in‑unit laundry for both units
