Owner-Occupied Two-Family
110 Mount Pleasant Avenue Providence, RI 02906
New
For Sale
$499,900
Well-maintained two-family property on a corner lot with a 3-car garage, porch, and upgraded systems.
Property Size1,702 SF
Price / SF$293.71
Days on Market5
Property Features for 110 Mount Pleasant Avenue
General Information
- Standard status
- Active
- Size
- 1,702 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing Agency:
RE/MAX ADVANTAGE GROUP
(401) 823-1500
Listed By:
Liz Kettelle
Source:
Lockandkeyre
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 23 at 6:02AM
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 RE/MAX ADVANTAGE GROUP
Investment Insights
Based on property information with market context.
This well-maintained, owner-occupied two-family home sits on a corner lot and includes a beautiful porch and an oversized yard. The property has been owned by the same owner for 30 years and has undergone many upgrades, including the roof, many windows, and electrical improvements.
The home is located at 110 Mount Pleasant Avenue in Providence, Rhode Island. It features a 3-car garage, supporting off-street parking and storage for day-to-day use.
As a residential income property, it offers a practical setup for owner-occupants or investors seeking a long-held, upgraded two-family residence with exterior and mechanical improvements already addressed.
The home is located at 110 Mount Pleasant Avenue in Providence, Rhode Island. It features a 3-car garage, supporting off-street parking and storage for day-to-day use.
As a residential income property, it offers a practical setup for owner-occupants or investors seeking a long-held, upgraded two-family residence with exterior and mechanical improvements already addressed.
Key Highlights
- Owner‑occupied 2‑family home built in 1930 on a corner lot in Mount Pleasant
- Well‑maintained property with an oversized yard and a porch
- 3‑car garage
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 | $43.9k | $25.80 |
| − Vacancy | −$2.9k | −$1.68 |
| EGI | $41.1k | $24.12 |
| − OpEx | −$12.3k | −$7.24 |
| NOI | $28.7k | $16.89 |
1,702 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$410.6K
$359.3K – $479.0K
NOI $28,740 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$368.8K
$322.7K – $430.3K
NOI $25,815 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$569.4K
$498.2K – $664.3K
NOI $39,859 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family property on a corner lot with a 3-car garage, porch, and upgraded systems.
Where is this duplex located?
The property is located at 110 Mount Pleasant Avenue Providence, RI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Owner‑occupied 2‑family home built in 1930 on a corner lot in Mount Pleasant; Well‑maintained property with an oversized yard and a porch; 3‑car garage
