Two-Unit Duplex with Updated
For Sale
$425,000
11 Eva Street, Providence, RI 02909
Residential Income, Providence, RI
Property Size1,216 SF
Lot Size0.09 Acres
Price / SF$349.51
Days on Market50
Property Features for 11 Eva Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Basement
Parking
5
Parking features
None
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Storage Space, Unfinished, Full
Appliances
Dryer, Washer, Gas Water Heater
Subdivision
Wanskuck/Elmhurst
Lot features
Fenced, Paved Driveway, Paved, Sidewalks
Standard status
Active
Size
1,216 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2877
Utilities
Heating system
Baseboard, Natural Gas
Amenities
fenced and paved exterior area
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Vinyl, Hardwood
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Re/Max One · RE/MAX International
(401) 943-6111
Listed By:
Joshua Cassino · License #RES.0042596
(401) 871-3965
Added: Aug 17
Changed: Sep 30
Last Checked: Oct 5 at 6:06PM
MLS# 1420809
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.
Built in 1930, this duplex contains two residential units, each with two bedrooms and one full bathroom. The property has approximately 2,168 square feet of living space and sits on a 3,920-square-foot lot. Interior features include hardwood, ceramic tile, vinyl flooring, mixed plumbing, and both drywall and plaster walls. Gas water heating, natural-gas baseboard heat, a washer, and a dryer are included.
Recent property improvements include an updated roof, vinyl siding, replacement windows, heating upgrades, and new hot water tanks. The exterior also includes a fenced, paved area. R3 zoning supports the property's multifamily residential classification. Located in Providence, the property is near major highways, downtown, shopping, public transportation, and schools.
Recent property improvements include an updated roof, vinyl siding, replacement windows, heating upgrades, and new hot water tanks. The exterior also includes a fenced, paved area. R3 zoning supports the property's multifamily residential classification. Located in Providence, the property is near major highways, downtown, shopping, public transportation, and schools.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bathroom
- Approximately 2,168 square feet of living space
- 3,920‑square‑foot lot, or 0.09 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,533
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,660
$410.7K
Cap Rate 7%
$293,329
$293.3K
Cap Rate 9%
$228,144
$228.1K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$31.4K $25.80/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$29.3K $24.12/SF
− OpEx
−$8.8K −$7.24/SF
NOI
$20.5K $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%
$410,660
Cap Rate 7%
$293,329
Cap Rate 9%
$228,144
Alternative Uses
Best Use
Multifamily LT 5
$293.3K
$256.7K – $342.2K
NOI $20,533 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$263.5K
$230.6K – $307.4K
NOI $18,444 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$406.8K
$356.0K – $474.6K
NOI $28,477 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
742
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
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Frequently Asked Questions
What type of property is this?
Duplex - R3-zoned residential income property with two two-bedroom units and separate living arrangements.
Where is this duplex located?
The property is located at 11 Eva Street Providence, RI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bathroom; Approximately 2,168 square feet of living space; 3,920‑square‑foot lot, or 0.09 acres
