Duplex with Detached Two-Car
For Sale
$749,900
1171 Chalkstone Avenue, Providence, RI 02908
Two home-like floors retain historic craftsmanship while offering renovated kitchens, updated bathrooms, and practical living features.
Property Size2,690 SF
Price / SF$278.77
Days on Market59
Property Features for 1171 Chalkstone Avenue
General Information
Standard status
Active
Size
2,690 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
in unit laundry
front porch
backyard patio
fully fenced yard
Building Details
Year Built
1926
Listing Agency:
Keller Williams Leading Edge
Listed By:
Melanie Ruiz · License #38601
(401) 333-4900
Source:
Onshorerealtors
Added: Aug 8
Changed: Sep 2
Last Checked: Oct 4 at 6:52AM
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 Keller Williams Leading Edge
Investment Insights
Based on property information with market context.
Built in 1926, this duplex presents two distinct residential levels with abundant windows, original hardwood floors, decorative columns, and detailed woodwork. Renovated kitchens and bathrooms add contemporary functionality while preserving the building’s historic character. Separate utilities and in-unit laundry support day-to-day operation, and the lower level offers additional space that could be restored for living use.
The property includes a fully fenced yard, front porch, backyard patio, detached two-car garage, and additional off-street parking. Its Providence setting places it minutes from Providence College, restaurants including Los Andes, Capital Grille, and Fogo de Chão, shopping, and highway access. Sidewalks and tree-lined side streets add a residential setting within the city.
The property includes a fully fenced yard, front porch, backyard patio, detached two-car garage, and additional off-street parking. Its Providence setting places it minutes from Providence College, restaurants including Los Andes, Capital Grille, and Fogo de Chão, shopping, and highway access. Sidewalks and tree-lined side streets add a residential setting within the city.
Key Highlights
- Two‑level duplex with each floor arranged as a separate home
- 1926 construction with original hardwood floors, decorative columns, and detailed woodwork
- Renovated kitchens and bathrooms on the residential levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,424
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$908,480
$908.5K
Cap Rate 7%
$648,914
$648.9K
Cap Rate 9%
$504,711
$504.7K
Market Conditions
NOI Build-Up for 2,690 SF
Gross rent
$69.4K $25.80/SF
− Vacancy
−$4.5K −$1.68/SF
EGI
$64.9K $24.12/SF
− OpEx
−$19.5K −$7.24/SF
NOI
$45.4K $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%
$908,480
Cap Rate 7%
$648,914
Cap Rate 9%
$504,711
Alternative Uses
Best Use
Multifamily LT 5
$648.9K
$567.8K – $757.1K
NOI $45,424 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$582.9K
$510.0K – $680.0K
NOI $40,800 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$900.0K
$787.5K – $1.05M
NOI $62,997 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
723
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two home-like floors retain historic craftsmanship while offering renovated kitchens, updated bathrooms, and practical living features.
Where is this duplex located?
The property is located at 1171 Chalkstone Avenue Providence, RI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑level duplex with each floor arranged as a separate home; 1926 construction with original hardwood floors, decorative columns, and detailed woodwork; Renovated kitchens and bathrooms on the residential levels
