Duplex with Detached
For Sale
$549,900
117 Orchard St, East Providence, RI 02914
Two separate units offer individual utilities, central air conditioning, and gas heat, with accessibility features and off-street parking.
Property Size3,236 SF
Price / SF$169.93
Days on Market98
Property Features for 117 Orchard St
General Information
Standard status
Active
Size
3,236 SF
Property subtype
Multi-Family
Amenities
central air conditioning
hardwood floors
wheelchair lift
Building Details
Year Built
1930
Buildings
2
Tenancy
Multi
Listing Agency:
BHHS Commonwealth Real Estate
Listed By:
Victor Correia · License #RES.0045475
(401) 339-0355
Source:
Alpernandmesenbourg
Added: Aug 1
Changed: Oct 26
Last Checked: Oct 7 at 5:28PM
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 BHHS Commonwealth Real Estate
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Investment Insights
Based on property information with market context.
This 3,236-square-foot duplex, built in 1930, contains two residential units with separate utilities, central air conditioning, and gas heat. The first-floor residence includes a Navien combi boiler serving heating and on-demand hot water. Hardwood flooring, a wheelchair lift, and substantial storage contribute practical functionality across the property.
Positioned on a corner lot at 117 Orchard Street in East Providence, the property also includes a detached two-car garage and off-street parking. Shopping, restaurants, schools, parks, public transportation, and major highways are described as minutes away, providing access to a range of everyday services and regional connections.
Positioned on a corner lot at 117 Orchard Street in East Providence, the property also includes a detached two-car garage and off-street parking. Shopping, restaurants, schools, parks, public transportation, and major highways are described as minutes away, providing access to a range of everyday services and regional connections.
Key Highlights
- Two‑family duplex measuring 3,236 square feet
- Separate utilities, central air conditioning, and gas heat in each unit
- First‑floor Navien combi boiler provides heating and on‑demand hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,762
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,240
$855.2K
Cap Rate 7%
$610,886
$610.9K
Cap Rate 9%
$475,133
$475.1K
Market Conditions
NOI Build-Up for 3,236 SF
Gross rent
$82.7K $25.56/SF
− Vacancy
−$5.0K −$1.53/SF
EGI
$77.7K $24.03/SF
− OpEx
−$35.0K −$10.81/SF
NOI
$42.8K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,240
Cap Rate 7%
$610,886
Cap Rate 9%
$475,133
Alternative Uses
Best Use
Multifamily LT 5
$769.7K
$673.5K – $898.0K
NOI $53,881 @ 7.0% cap · market cap 9.80%
Second Best
Apartment 5plus
$610.9K
$534.5K – $712.7K
NOI $42,762 @ 7.0% cap · market cap 7.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
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Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in East Providence, RI
Properties on Market for Duplexes in East Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units offer individual utilities, central air conditioning, and gas heat, with accessibility features and off-street parking.
Where is this duplex located?
The property is located at 117 Orchard St East 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: Two‑family duplex measuring 3,236 square feet; Separate utilities, central air conditioning, and gas heat in each unit; First‑floor Navien combi boiler provides heating and on‑demand hot water
