Two-Unit Duplex with
New
For Sale
$565,000
117 Dante Street, Providence, RI 02908
Occupied residential income property with a full basement and four garage spaces.
Property Size2,732 SF
Lot Size0.09 Acres
Price / SF$206.81
Days on Market6
Property Features for 117 Dante Street
General Information
Standard status
Active
Size
2,732 SF
Total Parking Spaces
4
Lot size
0.09 Acres
Property subtype
MultiFamily
Site & Location
Neighborhood
Elmhurst
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Amenities
full basement
Building Details
Year Built
1930
Listing Agency:
JJProperty Mgmt & Multiservice
(401) 941-2420
Listed By:
Jackie Alvarez · License #REB.0019716
(646) 391-7638
Source:
Lockandkeyre
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 26 at 1:40PM
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 JJProperty Mgmt & Multiservice
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Investment Insights
Based on property information with market context.
This duplex contains two units with a combined 4 bedrooms and 2 bathrooms across 1,664 square feet of living space. A full basement and a 4-space garage are part of the property, which was built in 1930. The 4,000-square-foot lot is located at 117 Dante Street in Providence, Rhode Island.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 2 bathrooms
- 1,664 square feet of living space
- 4,000‑square‑foot lot at 117 Dante Street, Providence, RI 02908
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,133
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,660
$922.7K
Cap Rate 7%
$659,043
$659.0K
Cap Rate 9%
$512,589
$512.6K
Market Conditions
NOI Build-Up for 2,732 SF
Gross rent
$70.5K $25.80/SF
− Vacancy
−$4.6K −$1.68/SF
EGI
$65.9K $24.12/SF
− OpEx
−$19.8K −$7.24/SF
NOI
$46.1K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,660
Cap Rate 7%
$659,043
Cap Rate 9%
$512,589
Alternative Uses
Best Use
Multifamily LT 5
$659.0K
$576.7K – $768.9K
NOI $46,133 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$592.0K
$518.0K – $690.6K
NOI $41,438 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$914.0K
$799.8K – $1.07M
NOI $63,980 @ 7.0% cap · market cap 11.32%
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
750
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Occupied residential income property with a full basement and four garage spaces.
Where is this duplex located?
The property is located at 117 Dante Street Providence, RI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 2 bathrooms; 1,664 square feet of living space; 4,000‑square‑foot lot at 117 Dante Street, Providence, RI 02908
