New Construction Six-Bedroom
For Sale
$649,900
Pending
12 Price Street, Providence, RI 02907
Residential Income, Providence, RI
Property Size2,496 SF
Lot Size0.05 Acres
Days on Market112
Property Features for 12 Price Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Basement, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking
2
Parking features
None
Interior features
Wall (Dry Wall)
Basement
Unfinished, Full
Appliances
Electric Water Heater
Standard status
Pending
Size
2,496 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Tile - Ceramic
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Westcott Properties
(401) 421-5300
Listed By:
David Zuller · License #REB.0200492
(401) 447-8988
Added: Jun 16
Changed: Sep 13
Last Checked: Oct 5 at 10:06PM
MLS# 1415503
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.
Investment Insights
Based on property information with market context.
This newly constructed duplex contains 2,496 square feet across two residences, with each unit offering 3 bedrooms, 1 full bathroom, an open living arrangement, and a contemporary kitchen. The building received its Certificate of Occupancy and includes new roofing, siding, mechanical systems, fixtures, and interior finishes. Central air, natural-gas forced-air heat, an electric water heater, ceramic tile, and vinyl flooring complete the property’s updated specifications.
A full basement provides laundry hookups serving both units along with space for storage, recreation, or future expansion. The parcel measures 0.0497 acres, and the property was built in 2026. Located in Providence, Rhode Island, the asset offers a recently completed multifamily configuration with modern residential improvements.
A full basement provides laundry hookups serving both units along with space for storage, recreation, or future expansion. The parcel measures 0.0497 acres, and the property was built in 2026. Located in Providence, Rhode Island, the asset offers a recently completed multifamily configuration with modern residential improvements.
Key Highlights
- Duplex with 2,496 square feet and two 3‑bedroom, 1‑bath units
- Certificate of Occupancy obtained
- Built in 2026 with new roof, siding, mechanicals, and finishes
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 contemporary residences combine open layouts, modern systems, and a full basement with laundry hookups for both units.
Where is this duplex located?
The property is located at 12 Price Street 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: Duplex with 2,496 square feet and two 3‑bedroom, 1‑bath units; Certificate of Occupancy obtained; Built in 2026 with new roof, siding, mechanicals, and finishes
