Duplex with Finished
New
For Sale
$689,900
12 Handy Street, Providence, RI 02909
Residential Income, Providence, RI
Property Size2,351 SF
Lot Size0.09 Acres
Price / SF$293.45
Days on Market2
Property Features for 12 Handy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
9
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 9, Bedroom 6, Bedroom 2, Bedroom 8, Bedroom 3, Bathroom 5, Bathroom 4, Basement, Bathroom 1, Bedroom 1, Bedroom 7
Parking
6
Parking features
None
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed), Insulation (Walls)
Basement
Full, Storage Space, Unfinished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Standard status
Active
Size
2,351 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6006
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1960
Floors in Building
3
Number of units
3
Flooring type
Laminate, Tile - Ceramic
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Re/Max Preferred · RE/MAX International
(401) 353-2200
Listed By:
Nelly Branez · License #98001616
(401) 258-0861
Added: Nov 5
Last Checked: Nov 6 at 11:06AM
MLS# 1427886
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,351-square-foot duplex contains two legal units across three levels, with a finished attic. The property was built in 1960 and sits on a 0.0895-acre lot.
Interior features include ceramic tile and laminate flooring, wall-unit cooling, and natural-gas baseboard heat. The property also has an oven, range, refrigerator, and gas water heater.
Interior features include ceramic tile and laminate flooring, wall-unit cooling, and natural-gas baseboard heat. The property also has an oven, range, refrigerator, and gas water heater.
Key Highlights
- Two legal residential units
- 2,351 square feet across three levels
- Finished attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,699
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,980
$794.0K
Cap Rate 7%
$567,129
$567.1K
Cap Rate 9%
$441,100
$441.1K
Market Conditions
NOI Build-Up for 2,351 SF
Gross rent
$60.7K $25.80/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$56.7K $24.12/SF
− OpEx
−$17.0K −$7.24/SF
NOI
$39.7K $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%
$793,980
Cap Rate 7%
$567,129
Cap Rate 9%
$441,100
Alternative Uses
Best Use
Multifamily LT 5
$567.1K
$496.2K – $661.7K
NOI $39,699 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$509.4K
$445.7K – $594.3K
NOI $35,659 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$786.5K
$688.2K – $917.6K
NOI $55,058 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
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Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units occupy a three-level property built in 1960.
Where is this duplex located?
The property is located at 12 Handy Street Providence, RI.
What is the asking price?
The asking price for this property is $689,900.
What are key features of this property?
This property features: Two legal residential units; 2,351 square feet across three levels; Finished attic
