10 Hillard Street Providence, RI 02909
MULTI_FAMILY - Providence, RI
Property Features for 10 Hillard Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Basement, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bathroom 4, Bedroom 4, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3
- Parking
- 2
- Parking features
- None
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,100 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1916
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Jun 18, 2026
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.
The property is located in the Silver Lake neighborhood in Providence, with access to Downtown Providence, local restaurants, cafes, grocery stores, and shopping. Commuting options are highlighted with easy access to Route 6, Route 10, Interstate 95, and Interstate 195. The listing also notes proximity to Rhode Island Hospital, Hasbro Children’s Hospital, Johnson & Wales University, public transportation, and parks. T.F. Green Airport is approximately 15–20 minutes away.
Designed for a straightforward multi-family setup, the home suits buyers seeking to generate rental income or live in one unit while renting the other. With a duplex configuration, separate utilities, and full interior completion at delivery, it can support a range of residential income strategies within a new construction product.
Key Highlights
- Two‑family home under construction, expected year built 2026
- Each unit features 3 bedrooms and 2 full bathrooms with over 1,000 SF of living space
- Separate utilities for added convenience for owner‑occupants or investors
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 |
