East Side Two-Family
89 Knowles Providence, RI 02906
89 Knowles, Providence, RI, 02906
$719,999
For Sale
$719,999
Spacious two-family home on Providence's desirable East Side.
Property Size2,775 SF
Price / SF$259.46
Days on Market59
Property Features for 89 Knowles
General Information
- Standard status
- Active
- Size
- 2,775 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing Agency
William Raveis Inspire
(401) 230-9503
Listed by
Mariana Freitas Novo
(401) 230-9503
Source
Alliancepartnersre
Added: May 19 Checked: Jul 16 at 1:59 pm
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 William Raveis Inspire
Investment Insights
Based on property information with market context.
Located on the East Side of Providence, this two-family home offers opportunities for owner occupants and investors. The property features a total of 5 or 6 bedrooms, 3 full bathrooms, and 1 half bathroom across two units. Each unit includes living spaces with natural light, high ceilings, and functional layouts. Spacious kitchens, living areas, and in-unit laundry provide convenience. Flexible floor plans allow for additional bedrooms, home office space, or guest accommodations. The property is situated near universities, shopping, dining, parks, and public transportation.
Key Highlights
- Highly desirable East Side of Providence location.
- Two‑family home suitable for owner‑occupants or investors.
- 5/6 bedrooms and 3.5 bathrooms total.
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 | $71.6k | $25.80 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $66.9k | $24.12 |
| − OpEx | −$20.1k | −$7.24 |
| NOI | $46.9k | $16.89 |
2,775 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.7K – $781.0K
NOI $46,859 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$601.3K
$526.1K – $701.5K
NOI $42,090 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$928.4K
$812.3K – $1.08M
NOI $64,987 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Spacious two-family home on Providence's desirable East Side.
Where is this duplex located?
The property is located at 89 Knowles Providence, RI.
What is the asking price?
The asking price for this property is $719,999.
What are key features of this property?
This property features: Highly desirable East Side of Providence location.; Two‑family home suitable for owner‑occupants or investors.; 5/6 bedrooms and 3.5 bathrooms total.
