Renovated Two-Family
1111 Charles Street North Providence, RI 02904
1111 Charles Street, North Providence, RI, 02904
$549,900
For Sale
$549,900
Updated kitchens and bathrooms, granite countertops, stainless appliances, gleaming hardwood floors, and ample off-street parking.
Property Size3,340 SF
Price / SF$164.64
Days on Market27
Property Features for 1111 Charles Street
General Information
- Standard status
- Active
- Size
- 3,340 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1947
Listing agency
RE/MAX Properties
(401) 232-3900
Listed by
Kenneth Scotti · License #13099
Source
Lockandkeyre
Added: Jun 26 Updated: Jul 21 at 3:32AM Checked: Jul 22 at 5:16AM
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 residence features updated kitchens and bathrooms with granite countertops and stainless steel appliances. Gleaming hardwood floors run throughout the interior, and the first and second floors have been recently painted for a fresh, move-in-ready presentation.
The first-floor unit includes a spacious living room, two bedrooms, a kitchen, and additional storage. The second-floor unit offers a kitchen, dining area, and three bedrooms, providing generous living space for occupants. Ample off-street parking adds day-to-day convenience.
The property is described as conveniently located with easy access to major routes, highways, shopping, dining, and everyday amenities. For qualified buyers, the listing notes the home is located in the Washington Trust Bank Opportunity Zone and mentions a potential interest-rate advantage versus market rates; please call for additional details.
The first-floor unit includes a spacious living room, two bedrooms, a kitchen, and additional storage. The second-floor unit offers a kitchen, dining area, and three bedrooms, providing generous living space for occupants. Ample off-street parking adds day-to-day convenience.
The property is described as conveniently located with easy access to major routes, highways, shopping, dining, and everyday amenities. For qualified buyers, the listing notes the home is located in the Washington Trust Bank Opportunity Zone and mentions a potential interest-rate advantage versus market rates; please call for additional details.
Key Highlights
- Newly renovated 2‑family property with updated kitchens and bathrooms
- Granite countertops and stainless steel appliances in the updated kitchens
- Freshly painted interior on the first and second floors
Local 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 10.11%
Second Best
Apartment 5plus
$630.5K
$551.7K – $735.6K
NOI $44,136 @ 7.0% cap · market cap 8.03%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated kitchens and bathrooms, granite countertops, stainless appliances, gleaming hardwood floors, and ample 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 $549,900.
What are key features of this property?
This property features: Newly renovated 2‑family property with updated kitchens and bathrooms; Granite countertops and stainless steel appliances in the updated kitchens; Freshly painted interior on the first and second floors
