Duplex with Walkout Lower
110 Lyman Avenue, North Providence, RI 02911
For Sale
New
$615,000
Residential Income, North Providence, RI
Property Size3,069 SF
Lot Size0.34 Acres
Price / SF$200.39
Days on Market3
Property Features for 110 Lyman Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
grapevine-covered arbor
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Broadway Real Estate Group
(401) 354-7969
Listed By:
Jonathan Annear
(401) 559-7007
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 12 at 10:06PM
MLS# 1428268
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.
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Investment Insights
Based on property information with market context.
Built in 1924, this 3,069-square-foot duplex has two spacious levels, each with three bedrooms, a full bathroom, an eat-in kitchen, a galley with additional storage, and a parlor. The walkout lower level adds a family kitchen, wet bar area, office space, workshop, substantial storage, and a half bath. A two-car garage includes a lower-level cellar. The property also has a grapevine-covered arbor overlooking the grounds.
The 0.34-acre property includes three additional lots. Recent improvements include replacement roofs on the house and garage, a newer boiler for the second-floor unit, updated hot water heaters for both units, and central air on the second floor.
The 0.34-acre property includes three additional lots. Recent improvements include replacement roofs on the house and garage, a newer boiler for the second-floor unit, updated hot water heaters for both units, and central air on the second floor.
Key Highlights
- Two‑family property with 3,069 square feet
- 0.34‑acre parcel includes three additional lots
- Two levels, each with three bedrooms and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,100
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,000
$1.0M
Cap Rate 7%
$730,000
$730.0K
Cap Rate 9%
$567,778
$567.8K
Market Conditions
NOI Build-Up for 3,069 SF
Gross rent
$78.1K $25.44/SF
− Vacancy
−$5.1K −$1.65/SF
EGI
$73.0K $23.79/SF
− OpEx
−$21.9K −$7.14/SF
NOI
$51.1K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,022,000
Cap Rate 7%
$730,000
Cap Rate 9%
$567,778
Alternative Uses
Best Use
Multifamily LT 5
$730.0K
$638.8K – $851.7K
NOI $51,100 @ 7.0% cap · market cap 8.31%
Second Best
Apartment 5plus
$579.4K
$506.9K – $675.9K
NOI $40,555 @ 7.0% cap · market cap 6.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
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Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in North Providence, RI
Properties on Market for Duplexes in North Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units are complemented by a flexible lower level with a half bath, office area, workshop, and storage.
Where is this duplex located?
The property is located at 110 Lyman Avenue North Providence, RI.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Two‑family property with 3,069 square feet; 0.34‑acre parcel includes three additional lots; Two levels, each with three bedrooms and a full bathroom
