Renovated Greek Revival
128 Sheldon Street Providence, RI 02906
New
128 Sheldon Street, Providence, RI, 02906
$1,100,000
MULTI_FAMILY - Providence, RI
Property Size3,672 SF
Lot Size0.05 Acres
Price / SF$299.56
AddedJul 8
Days on Market7
Last RefreshJul 14 at 5:06 pm
Property Features for 128 Sheldon Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 6, Bathroom 5, Basement, Bathroom 4, Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- Parking features
- None
- Interior features
- Wall (Cermaic), Wall (Dry Wall), Skylight, Stairs, Plumbing (Mixed), Insulation (Cap), Insulation (Floors), Insulation (Walls)
- Fireplace
- 1
- Basement
- Unfinished, Full
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 3,672 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10468
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central, Heat Pump (Heating), Natural Gas, Forced Air
- Cooling system
- Heat Pump, Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Ceramic, Dry Wall, Shingles
Listing agent David Abbott (401) 439-7705
Listing office Residential Properties Ltd. 140 Wickenden Street, RI (401) 274-6740
Listing date Jul 8, 2026
MLS# 1417387
Listing URL
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 post-and-beam Greek Revival home has been fully renovated over the past 15 months while retaining its historic character. The reconstruction addressed major building systems and finishes, including wiring and plumbing, heating and cooling, insulation, kitchens and baths, windows, and appliances. The property is configured as a two-unit residence with a total of six bedrooms and five full baths. The first floor offers a two-bedroom, two-bath home, while the upper section is a four-bedroom, three-bath townhouse arranged across two levels. Each unit includes its own laundry facilities, supporting flexible living or leasing scenarios.
Set in Providence, the home is described as being within walking distance to neighborhood amenities and cultural destinations, including restaurants, coffee houses, museums, markets, and everyday neighborhood life. The remarks also note proximity to Brown University and RISD, positioning the property for tenants and owners seeking a convenient, walkable urban environment.
For tenants, the layout supports comfortable, self-contained living in each unit, including private laundry. For an owner-occupant, the duplex provides the option to live in one unit while renting the other. As a residential income property, the unit design and renovation scope are suited to those looking for a turnkey duplex with clear separation between the two homes.
Set in Providence, the home is described as being within walking distance to neighborhood amenities and cultural destinations, including restaurants, coffee houses, museums, markets, and everyday neighborhood life. The remarks also note proximity to Brown University and RISD, positioning the property for tenants and owners seeking a convenient, walkable urban environment.
For tenants, the layout supports comfortable, self-contained living in each unit, including private laundry. For an owner-occupant, the duplex provides the option to live in one unit while renting the other. As a residential income property, the unit design and renovation scope are suited to those looking for a turnkey duplex with clear separation between the two homes.
Key Highlights
- Fully renovated Greek Revival post‑and‑beam home (nearly everything rebuilt) completed over the past 15 months
- Two‑unit setup: first floor offers 2 bedrooms and 2 full baths; upper townhouse offers 4 bedrooms and 3 full baths
- Each unit includes its own laundry hookups/appliances for added convenience
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 | $94.7k | $25.80 |
| − Vacancy | −$6.2k | −$1.68 |
| EGI | $88.6k | $24.12 |
| − OpEx | −$26.6k | −$7.24 |
| NOI | $62.0k | $16.89 |
3,672 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$885.8K
$775.1K – $1.03M
NOI $62,006 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$795.6K
$696.2K – $928.3K
NOI $55,695 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,994 @ 7.0% cap · market cap 7.82%
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 - Fully renovated post-and-beam Greek Revival duplex with two units, each with in-unit laundry and multiple bedrooms and baths.
Where is this duplex located?
The property is located at 128 Sheldon Street Providence, RI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully renovated Greek Revival post‑and‑beam home (nearly everything rebuilt) completed over the past 15 months; Two‑unit setup: first floor offers 2 bedrooms and 2 full baths; upper townhouse offers 4 bedrooms and 3 full baths; Each unit includes its own laundry hookups/appliances for added convenience
