Brand-New Duplex with
For Sale
$649,900
12 Price St, Providence, RI 02907
Two three-bedroom units offer contemporary kitchens, updated finishes, and laundry connections serving both residences.
Property Size2,496 SF
Price / SF$260.38
Days on Market54
Property Features for 12 Price St
General Information
Standard status
Active
Size
2,496 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
basement
laundry hookups
Building Details
Year Built
2026
Listing Agency:
Westcott Properties
Listed By:
David Zuller · License #REB.0200492
(401) 421-5300
Source:
Alpernandmesenbourg
Added: Aug 22
Changed: Oct 8
Last Checked: Oct 7 at 5:03PM
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 Westcott Properties
Investment Insights
Based on property information with market context.
This newly constructed duplex contains two residences, each arranged with three bedrooms and one full bathroom. Interior features include open living areas, contemporary kitchens, modern fixtures, energy-efficient systems, and new mechanical and finish components. A Certificate of Occupancy has been obtained, supporting immediate occupancy.
The property includes a full basement with laundry hookups for both units and space suited to storage, recreation, or possible future expansion. Exterior improvements include new roofing and siding, along with off-street parking for two vehicles. Located at 12 Price St in Providence, Rhode Island, the property combines two-unit functionality with recently completed construction and low-maintenance building components.
The property includes a full basement with laundry hookups for both units and space suited to storage, recreation, or possible future expansion. Exterior improvements include new roofing and siding, along with off-street parking for two vehicles. Located at 12 Price St in Providence, Rhode Island, the property combines two-unit functionality with recently completed construction and low-maintenance building components.
Key Highlights
- Two‑unit duplex with 2,496 SF of property size
- Each residence includes 3 bedrooms and 1 full bathroom
- Certificate of Occupancy already obtained
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,148
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$842,960
$843.0K
Cap Rate 7%
$602,114
$602.1K
Cap Rate 9%
$468,311
$468.3K
Market Conditions
NOI Build-Up for 2,496 SF
Gross rent
$64.4K $25.80/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$60.2K $24.12/SF
− OpEx
−$18.1K −$7.24/SF
NOI
$42.1K $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%
$842,960
Cap Rate 7%
$602,114
Cap Rate 9%
$468,311
Alternative Uses
Best Use
Multifamily LT 5
$602.1K
$526.9K – $702.5K
NOI $42,148 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$540.8K
$473.2K – $631.0K
NOI $37,858 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$835.0K
$730.7K – $974.2K
NOI $58,453 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
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 three-bedroom units offer contemporary kitchens, updated finishes, and laundry connections serving both residences.
Where is this duplex located?
The property is located at 12 Price St Providence, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,496 SF of property size; Each residence includes 3 bedrooms and 1 full bathroom; Certificate of Occupancy already obtained
