New-Construction
For Sale
$729,000
107 Donelson Street, Providence, RI 02908
Two three-bedroom units each include two full bathrooms and modern finishes.
Property Size3,807 SF
Price / SF$191.49
Days on Market25
Property Features for 107 Donelson Street
General Information
Standard status
Active
Size
3,807 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Kelvin Abad Payano · License #RES.0049146
(401) 688-8450
Source:
Lockandkeyre
Added: Sep 11
Changed: Oct 4
Last Checked: Oct 5 at 7:34PM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Completed in 2026, this 3,807-square-foot duplex contains two residential units, each arranged with three bedrooms and two full bathrooms. The property features spacious layouts and contemporary finishes associated with new construction, offering a newly built multifamily configuration for residential occupancy.
The duplex is located in Providence with access to nearby colleges, major highways, shopping, restaurants, and city amenities. The configuration also supports an owner-occupancy arrangement with rental income from the second unit, or use as a two-unit residential income property.
The duplex is located in Providence with access to nearby colleges, major highways, shopping, restaurants, and city amenities. The configuration also supports an owner-occupancy arrangement with rental income from the second unit, or use as a two-unit residential income property.
Key Highlights
- Two‑unit duplex completed in 2026
- 3,807 square feet of property size
- Each unit offers 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,285
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,285,700
$1.3M
Cap Rate 7%
$918,357
$918.4K
Cap Rate 9%
$714,278
$714.3K
Market Conditions
NOI Build-Up for 3,807 SF
Gross rent
$98.2K $25.80/SF
− Vacancy
−$6.4K −$1.68/SF
EGI
$91.8K $24.12/SF
− OpEx
−$27.6K −$7.24/SF
NOI
$64.3K $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%
$1,285,700
Cap Rate 7%
$918,357
Cap Rate 9%
$714,278
Alternative Uses
Best Use
Multifamily LT 5
$918.4K
$803.6K – $1.07M
NOI $64,285 @ 7.0% cap · market cap 8.82%
Second Best
Apartment 5plus
$824.9K
$721.8K – $962.4K
NOI $57,743 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,155 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units each include two full bathrooms and modern finishes.
Where is this duplex located?
The property is located at 107 Donelson Street Providence, RI.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Two‑unit duplex completed in 2026; 3,807 square feet of property size; Each unit offers 3 bedrooms and 2 full bathrooms
