New Construction
For Sale
$750,000
126 Johnson Street, Providence, RI 02905
Two separate residences offer flexible space for household living or rental occupancy.
Property Size2,600 SF
Price / SF$288.46
Days on Market40
Property Features for 126 Johnson Street
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi Family
Site & Location
Neighborhood
South Elmwood
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,164
Building Details
Building Size
2,600 SF
Year Built
2026
Listing Agency:
My Dream Home Realty
Listed By:
Jinette Disla De Suarez · License #RES.0204198
(401) 301-2536
Source:
Cotepartnersrealty
Added: Sep 24
Changed: Oct 31
Last Checked: Oct 31 at 12:07PM
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 My Dream Home Realty
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex contains two residences with open, functional layouts and contemporary finishes. Each unit has four bedrooms and two full bathrooms, including a primary suite with its own full bath. The property also features off-street parking and energy-efficient construction.
The two-unit configuration can support owner occupancy alongside rental use, or accommodate multigenerational living, as described for the property.
The two-unit configuration can support owner occupancy alongside rental use, or accommodate multigenerational living, as described for the property.
Key Highlights
- Two units, each with 4 bedrooms and 2 full bathrooms
- Built in 2026
- Each residence includes a primary suite with a private full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,904
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,080
$878.1K
Cap Rate 7%
$627,200
$627.2K
Cap Rate 9%
$487,822
$487.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$67.1K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$62.7K $24.12/SF
− OpEx
−$18.8K −$7.24/SF
NOI
$43.9K $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%
$878,080
Cap Rate 7%
$627,200
Cap Rate 9%
$487,822
Alternative Uses
Best Use
Multifamily LT 5
$627.2K
$548.8K – $731.7K
NOI $43,904 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$563.4K
$492.9K – $657.3K
NOI $39,435 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$869.8K
$761.1K – $1.01M
NOI $60,889 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
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Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible space for household living or rental occupancy.
Where is this duplex located?
The property is located at 126 Johnson Street Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two units, each with 4 bedrooms and 2 full bathrooms; Built in 2026; Each residence includes a primary suite with a private full bath
