12 Price Street, Providence, RI 02907
MULTI_FAMILY - Providence, RI
- Added:
- Jun 16, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 18 at 5:06 pm
Property Features for 12 Price Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Basement
- Parking
- 2
- Parking features
- Garage
- Interior features
- Wall (Dry Wall)
- Basement
- Full, Unfinished
- Appliances
- Electric Water Heater
- Standard status
- Active
- Size
- 2,496 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Vinyl
- Building materials
- Dry Wall, Vinyl Siding
Listing agent David Zuller (401) 421-5300
Listing office Westcott Properties 178 Broadway, Providence, RI (401) 421-5300
Listing date Jun 16, 2026
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.
HighLights
- Brand‑new 2026 multi‑family at 12 Price Street with Certificate of Occupancy already obtained
- Each unit has 3 bedrooms and 1 full bathroom with modern finishes
- Central air and forced‑air heating with natural gas; electric water heater
- Ceramic tile and vinyl flooring throughout; dry wall construction with vinyl siding
- 2‑car off‑street parking and an attached garage
- Large basement with laundry hookups for both units
Overview
The property includes a large basement with laundry hookups for both units, providing convenient shared utility space and additional room for storage and potential future use. Off-street parking is available for two vehicles, and newly completed exterior improvements support day-to-day functionality.
From a tenant and operator standpoint, the unit mix provides a consistent 3-bedroom layout in both homes, supported by in-place, modern finishes. For an owner-occupant, the configuration allows one unit to be lived in while the second can generate rental income. For buyers seeking a turn-key residential income asset, the new construction status, obtained Certificate of Occupancy, and basement laundry hookups are practical features that reduce near-term operational friction.
Local 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 | $64.4k | $25.80 |
| − Vacancy | −$4.2k | −$1.68 |
| EGI | $60.2k | $24.12 |
| − OpEx | −$18.1k | −$7.24 |
| NOI | $42.1k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.41214
- Latitude
- 41.795518
