Duplex with Private
For Sale
$474,900
Pending
89 Manomet Street, Providence, RI 02909
Residential Income, Providence, RI
Property Size2,676 SF
Lot Size0.09 Acres
Days on Market13
Property Features for 89 Manomet Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Basement, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking
3
Parking features
None
Interior features
Wall (Plaster), Insulation (Unknown)
Basement
Unfinished, Full
Appliances
Electric Water Heater
Standard status
Pending
Size
2,676 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6525
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Amenities
central air
off-street parking
backyard
private basement
laundry hookups
storage
gas heat
trendy light fixtures
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile - Ceramic
Building materials
Plaster, Vinyl Siding
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
Kenneth Scotti
(401) 354-4971
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 18 at 3:06PM
MLS# 1425261
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.
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Investment Insights
Based on property information with market context.
At 89 Manomet Street in Providence, this 2,676-square-foot duplex contains two townhouse-style apartments. Each offers two bedrooms, one full bathroom, and open kitchen, dining, and living areas. The property also includes central air, natural gas heat, and a private basement for each apartment with laundry hookups and storage. A new roof is noted, and the front apartment has been freshly painted.
Built in 1987, the building sits on a 0.0889-acre lot in Providence, Rhode Island. Ceramic tile and hardwood flooring are among the interior finishes.
Built in 1987, the building sits on a 0.0889-acre lot in Providence, Rhode Island. Ceramic tile and hardwood flooring are among the interior finishes.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- 2,676 square feet on a 0.0889‑acre lot
- Private basement for each apartment with laundry hookups and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,588
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,760
$811.8K
Cap Rate 7%
$579,829
$579.8K
Cap Rate 9%
$450,978
$451.0K
Market Conditions
NOI Build-Up for 2,676 SF
Gross rent
$78.7K $29.40/SF
− Vacancy
−$4.9K −$1.82/SF
EGI
$73.8K $27.58/SF
− OpEx
−$33.2K −$12.41/SF
NOI
$40.6K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,760
Cap Rate 7%
$579,829
Cap Rate 9%
$450,978
Alternative Uses
Best Use
Multifamily LT 5
$645.5K
$564.8K – $753.1K
NOI $45,187 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$579.8K
$507.4K – $676.5K
NOI $40,588 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$895.3K
$783.4K – $1.04M
NOI $62,669 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom apartments have dedicated basement space, laundry hookups, and natural gas heat.
Where is this duplex located?
The property is located at 89 Manomet Street Providence, RI.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; 2,676 square feet on a 0.0889‑acre lot; Private basement for each apartment with laundry hookups and storage
