Duplex with Finished
For Sale
$539,000
Pending
125 hendrick Street, Providence, RI 02909
Both residences include two bedrooms, an eat-in kitchen, a living room, and a full bathroom.
Property Size2,511 SF
Days on Market11
Property Features for 125 hendrick Street
General Information
Standard status
Pending
Size
2,511 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Mount Pleasant
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,780
Amenities
finished basement
fenced yard
Building Details
Building Size
2,511 SF
Year Built
1923
Buildings
1
Listing Agency:
Cote Partners Realty
Listed By:
James Hall · License #RES.0045424
(401) 639-9953
Source:
Jameshallrealestate
Added: Oct 17
Changed: Oct 27
Last Checked: Oct 27 at 4:15AM
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 Cote Partners Realty
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Investment Insights
Based on property information with market context.
This 2,511-square-foot duplex, built in 1923, contains two units with matching layouts: each has an eat-in kitchen, living room, two bedrooms, and a full bathroom. Updates include renovated kitchens and bathrooms, LVP flooring, fresh paint, replacement windows, and a new roof. The finished basement adds a wet bar, a full bathroom, and two additional rooms suited to a range of household uses.
The property also has a fenced yard and off-street parking. Its two-unit configuration and basement rooms provide additional space beyond the individual living areas.
The property also has a fenced yard and off-street parking. Its two-unit configuration and basement rooms provide additional space beyond the individual living areas.
Key Highlights
- Two‑unit duplex with 2,511 square feet
- Each unit has an eat‑in kitchen, living room, two bedrooms, and a full bathroom
- Finished basement with wet bar, full bathroom, and two additional rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,401
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,020
$848.0K
Cap Rate 7%
$605,729
$605.7K
Cap Rate 9%
$471,122
$471.1K
Market Conditions
NOI Build-Up for 2,511 SF
Gross rent
$64.8K $25.80/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$60.6K $24.12/SF
− OpEx
−$18.2K −$7.24/SF
NOI
$42.4K $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%
$848,020
Cap Rate 7%
$605,729
Cap Rate 9%
$471,122
Alternative Uses
Best Use
Multifamily LT 5
$605.7K
$530.0K – $706.7K
NOI $42,401 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$544.1K
$476.1K – $634.8K
NOI $38,085 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$840.1K
$735.1K – $980.1K
NOI $58,805 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
982
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include two bedrooms, an eat-in kitchen, a living room, and a full bathroom.
Where is this duplex located?
The property is located at 125 hendrick Street Providence, RI.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,511 square feet; Each unit has an eat‑in kitchen, living room, two bedrooms, and a full bathroom; Finished basement with wet bar, full bathroom, and two additional rooms
