Two-Unit Duplex with
For Sale
$750,000
116 Jastram Street, Providence, RI 02908
Two residences feature three-bedroom layouts, full bathrooms, and separate parking access in Providence.
Property Size4,130 SF
Price / SF$181.60
Days on Market22
Property Features for 116 Jastram Street
General Information
Standard status
Active
Size
4,130 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Road Access
Yes
Building Details
Year Built
1930
Listing Agency:
Strive Realty
(401) 270-8878
Listed By:
Chanthrea Ou · License #RES.0206357
(401) 409-5368
Source:
Lockandkeyre
Added: Sep 14
Changed: Oct 4
Last Checked: Oct 5 at 7:25PM
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 Strive Realty
Investment Insights
Based on property information with market context.
Located at 116 Jastram Street in Providence, this 1930-built duplex contains two residences, each arranged with 3 bedrooms and 1 full bathroom. The property offers 4,130 square feet of living area, providing a substantial two-unit configuration for residential use.
A two-car garage and private driveway parking add functional off-street parking. The property is set among established homes and is near Providence College, dining, shopping, parks, schools, and major transportation routes. Its two-unit layout supports a range of residential ownership and occupancy arrangements.
A two-car garage and private driveway parking add functional off-street parking. The property is set among established homes and is near Providence College, dining, shopping, parks, schools, and major transportation routes. Its two-unit layout supports a range of residential ownership and occupancy arrangements.
Key Highlights
- Two‑unit duplex with 4,130 square feet of living area
- Each unit includes 3 bedrooms and 1 full bathroom
- Two‑car garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,642
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,840
$1.3M
Cap Rate 7%
$894,886
$894.9K
Cap Rate 9%
$696,022
$696.0K
Market Conditions
NOI Build-Up for 4,130 SF
Gross rent
$121.4K $29.40/SF
− Vacancy
−$7.5K −$1.82/SF
EGI
$113.9K $27.58/SF
− OpEx
−$51.3K −$12.41/SF
NOI
$62.6K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,840
Cap Rate 7%
$894,886
Cap Rate 9%
$696,022
Alternative Uses
Best Use
Multifamily LT 5
$996.3K
$871.8K – $1.16M
NOI $69,740 @ 7.0% cap · market cap 9.30%
Second Best
Apartment 5plus
$894.9K
$783.0K – $1.04M
NOI $62,642 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,720 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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 - Two residences feature three-bedroom layouts, full bathrooms, and separate parking access in Providence.
Where is this duplex located?
The property is located at 116 Jastram Street Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with 4,130 square feet of living area; Each unit includes 3 bedrooms and 1 full bathroom; Two‑car garage included
