New Construction
For Sale
$620,000
10 calhoun Avenue, Providence, RI 02907
Two residences each provide three bedrooms, a full bathroom, a living area, and central air.
Property Size1,760 SF
Price / SF$352.27
Days on Market19
Property Features for 10 calhoun Avenue
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
4
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
central air
Restaurant
Central Air
Natural Gas
Crawl Space
Gas Water Heater
Paved, No Garage
Building Details
Building Size
1,760 SF
Year Built
2025
Buildings
1
Listing Agency:
Keller Williams Realty Leading Edge
Listed By:
Melissa Pereira · License #51141
(401) 699-3111
Source:
Evrealestate
Added: Sep 26
Changed: Oct 2
Last Checked: Oct 12 at 6:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Leading Edge
Investment Insights
Based on property information with market context.
Built in 2025, this duplex contains two residences, each with three bedrooms, one full bathroom, a living room, and central air. The property totals 1,760 square feet. Interior work and trade inspections are complete.
Driveway, sidewalk, and fence work remains underway, and the certificate of occupancy is pending. Images depicting the planned exterior are renderings, not photographs of completed work.
Driveway, sidewalk, and fence work remains underway, and the certificate of occupancy is pending. Images depicting the planned exterior are renderings, not photographs of completed work.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 1,760‑square‑foot duplex built in 2025
- Central air in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,720
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,400
$594.4K
Cap Rate 7%
$424,571
$424.6K
Cap Rate 9%
$330,222
$330.2K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$45.4K $25.80/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$42.5K $24.12/SF
− OpEx
−$12.7K −$7.24/SF
NOI
$29.7K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,400
Cap Rate 7%
$424,571
Cap Rate 9%
$330,222
Alternative Uses
Best Use
Multifamily LT 5
$424.6K
$371.5K – $495.3K
NOI $29,720 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$381.4K
$333.7K – $444.9K
NOI $26,695 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$588.8K
$515.2K – $687.0K
NOI $41,217 @ 7.0% cap · market cap 6.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences each provide three bedrooms, a full bathroom, a living area, and central air.
Where is this duplex located?
The property is located at 10 calhoun Avenue Providence, RI.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; 1,760‑square‑foot duplex built in 2025; Central air in both residences
