Renovated Two-Family
1111 Charles Street North Providence, RI 02904
For Sale
$539,900
Renovated duplex with updated kitchens and baths, granite counters, stainless appliances, hardwood floors, and off-street parking.
Days on Market9
Property Features for 1111 Charles Street
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Year Built
1947
Listing Agency:
RE/MAX Properties
(401) 354-4971
Listed By:
Kenneth Scotti · License #13099
(401) 354-4971
Source:
Liongatere
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 29 at 12:40PM
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 Properties
Investment Insights
Based on property information with market context.
This newly renovated two-family duplex offers updated kitchens and bathrooms with granite countertops and stainless steel appliances. Fresh interior paint spans the first and second floors, and both units feature bright living spaces with hardwood floors throughout. The first-floor unit includes a spacious living room, two bedrooms, a kitchen, and additional storage space. The second-floor unit has a kitchen, dining area, and three bedrooms, providing additional flexibility for occupants.
The property is conveniently located with easy access to major routes, highways, shopping, dining, and everyday amenities. Ample off-street parking adds to day-to-day convenience.
For qualified buyers, the home is located in the Washington Trust Bank Opportunity Zone, with interest rates up to 2 percent less than market rates. The overall configuration supports both owner-occupant and investor use, with separate unit layouts across two floors.
The property is conveniently located with easy access to major routes, highways, shopping, dining, and everyday amenities. Ample off-street parking adds to day-to-day convenience.
For qualified buyers, the home is located in the Washington Trust Bank Opportunity Zone, with interest rates up to 2 percent less than market rates. The overall configuration supports both owner-occupant and investor use, with separate unit layouts across two floors.
Key Highlights
- Newly renovated two‑family property with updated kitchens and bathrooms
- Granite countertops and stainless steel appliances in the kitchens
- Hardwood floors throughout both units, plus interior recently painted on the first and second floors
Financial Insights For Apartment 5plus
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 | $85.4k | $25.56 |
| − Vacancy | −$5.1k | −$1.53 |
| EGI | $80.2k | $24.03 |
| − OpEx | −$36.1k | −$10.81 |
| NOI | $44.1k | $13.21 |
3,340 SF · lease $25.56/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$794.5K
$695.2K – $926.9K
NOI $55,613 @ 7.0% cap · market cap 10.30%
Second Best
Apartment 5plus
$630.5K
$551.7K – $735.6K
NOI $44,136 @ 7.0% cap · market cap 8.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with updated kitchens and baths, granite counters, stainless appliances, hardwood floors, and off-street parking.
Where is this duplex located?
The property is located at 1111 Charles Street North Providence, RI.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: Newly renovated two‑family property with updated kitchens and bathrooms; Granite countertops and stainless steel appliances in the kitchens; Hardwood floors throughout both units, plus interior recently painted on the first and second floors
