New Construction
For Sale
$620,000
10 calhoun Avenue, Providence, RI 02907
Residential Income, Providence, RI
Property Size1,760 SF
Lot Size0.05 Acres
Price / SF$352.27
Days on Market10
Property Features for 10 calhoun Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Basement, Bedroom 6
Parking
4
Parking features
None
Patio and Porch features
Porch
Interior features
Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Insulation (Floors), Insulation (Walls)
Exterior features
Porch
Basement
Crawl Space
Appliances
Gas Water Heater
Lot features
Paved Driveway
Standard status
Active
Size
1,760 SF
Lot size
0.05 Acres
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Amenities
central air
Building Details
Year built
2025
Number of units
2
Flooring type
Vinyl
Building materials
Plaster, Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Melissa Pereira · License #51141
(401) 699-3111
Added: Sep 26
Changed: Sep 28
Last Checked: Oct 5 at 4:06PM
MLS# 1424411
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 2025 duplex is under construction and contains 1,760 square feet across two residences. Each unit is planned with three bedrooms, one full bathroom, a living room, and central air. The property also includes a porch, vinyl flooring, vinyl siding, and a gas water heater. Heating is natural gas with a central system.
Interior work and trade inspections are complete. Driveway, sidewalk, and fence work remain in progress, and the certificate of occupancy is pending. Exterior images depicting the finished design are renderings of planned work.
Interior work and trade inspections are complete. Driveway, sidewalk, and fence work remain in progress, and the certificate of occupancy is pending. Exterior images depicting the finished design are renderings of planned work.
Key Highlights
- Two units, each with 3 bedrooms, 1 full bathroom, a living room, and central air
- 1,760 square feet total
- Built in 2025; under construction with certificate of occupancy pending
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.
Property Analytics
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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
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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 separate residences each include three bedrooms, central air, and a living room.
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, 1 full bathroom, a living room, and central air; 1,760 square feet total; Built in 2025; under construction with certificate of occupancy pending
