Corner Lot Side-by-Side
119-121 Rounds Ave East Providence, RI 02915
For Sale
$424,900
Side-by-side duplex on a corner lot with hardwood floors, separate utilities, and full basements for each unit.
Property Size1,680 SF
Price / SF$252.92
Days on Market41
Property Features for 119-121 Rounds Ave
General Information
Standard status
Active
Size
1,680 SF
Property subtype
2 Family - 2 Units Side by Side
Building Details
Year Built
1962
Listing Agency:
Real Broker MA, LLC
(401) 269-6169
Listed By:
Matthew Patty
(401) 269-6169
Source:
Lockandkeyre
Added: Jun 17
Changed: Jul 23
Last Checked: Jul 27 at 5:14AM
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 Real Broker MA, LLC
Investment Insights
Based on property information with market context.
This side-by-side duplex is situated on a corner lot and includes hardwood floors throughout both units. Each unit has separate utilities and its own full basement. The property also features two driveways. One unit is currently occupied while the other is vacant, providing options for rental income or owner occupancy.
The duplex is located in East Providence near the East Bay Bike Path, Crescent Park, local restaurants, shopping, and commuter routes, with easy access to Providence.
The property is being sold as-is, as-seen by the estate, and due to its condition it will not qualify for conventional, FHA, or VA financing. Cash, hard money, or rehabilitation loan financing only.
The duplex is located in East Providence near the East Bay Bike Path, Crescent Park, local restaurants, shopping, and commuter routes, with easy access to Providence.
The property is being sold as-is, as-seen by the estate, and due to its condition it will not qualify for conventional, FHA, or VA financing. Cash, hard money, or rehabilitation loan financing only.
Key Highlights
- Side‑by‑side duplex on a corner lot built in 1962
- Hardwood floors throughout both units
- Separate utilities for each unit
Financial Insights For Multifamily LT 5
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 | $42.7k | $25.44 |
| − Vacancy | −$2.8k | −$1.65 |
| EGI | $40.0k | $23.79 |
| − OpEx | −$12.0k | −$7.14 |
| NOI | $28.0k | $16.65 |
1,680 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$399.6K
$349.7K – $466.2K
NOI $27,973 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$317.1K
$277.5K – $370.0K
NOI $22,200 @ 7.0% cap · market cap 5.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side duplex on a corner lot with hardwood floors, separate utilities, and full basements for each unit.
Where is this duplex located?
The property is located at 119-121 Rounds Ave East Providence, RI.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: Side‑by‑side duplex on a corner lot built in 1962; Hardwood floors throughout both units; Separate utilities for each unit
