Duplex With Private
For Sale
$519,000
128 Vincent Ave, North Providence, RI 02904
Townhouse-style upper residence offers flexible bedroom and dining or office arrangements.
Property Size2,111 SF
Price / SF$245.86
Days on Market63
Property Features for 128 Vincent Ave
General Information
Standard status
Active
Size
2,111 SF
Total Parking Spaces
4
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,548
Amenities
above-ground pool
storage shed
solar panel system
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Livin Group · License #49448
(617) 959-7793
Source:
Exprealty
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 12 at 10:57PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 2,111-square-foot duplex, built in 1900, combines a leased first-floor unit with a townhouse-style residence spanning the second and third floors. The upper unit can be arranged as either three bedrooms or two bedrooms with a separate dining room or office. Interior features include an open kitchen, upper-level bedrooms, basement storage, and oil-fired steam heat supported by a newer oil tank. The building has vinyl siding and an existing solar panel system that is fully paid off.
Outdoor improvements include a completely fenced backyard, above-ground pool, storage shed, mature plantings, and a driveway accommodating up to 4 cars. The first-floor tenant pays gas heat, while water is owner-paid. The property is located near shopping, I-95, Route 146, and the Providence train station in North Providence, RI.
Outdoor improvements include a completely fenced backyard, above-ground pool, storage shed, mature plantings, and a driveway accommodating up to 4 cars. The first-floor tenant pays gas heat, while water is owner-paid. The property is located near shopping, I-95, Route 146, and the Providence train station in North Providence, RI.
Key Highlights
- 2,111 SF duplex built in 1900
- First‑floor unit is currently leased
- Upper townhouse‑style unit can provide 3 bedrooms or 2 bedrooms plus dining room/office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,149
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,980
$703.0K
Cap Rate 7%
$502,129
$502.1K
Cap Rate 9%
$390,544
$390.5K
Market Conditions
NOI Build-Up for 2,111 SF
Gross rent
$53.7K $25.44/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.2K $23.79/SF
− OpEx
−$15.1K −$7.14/SF
NOI
$35.1K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$702,980
Cap Rate 7%
$502,129
Cap Rate 9%
$390,544
Alternative Uses
Best Use
Multifamily LT 5
$502.1K
$439.4K – $585.8K
NOI $35,149 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$398.5K
$348.7K – $464.9K
NOI $27,896 @ 7.0% cap · market cap 5.37%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
651
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Townhouse-style upper residence offers flexible bedroom and dining or office arrangements.
Where is this duplex located?
The property is located at 128 Vincent Ave North Providence, RI.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: 2,111 SF duplex built in 1900; First‑floor unit is currently leased; Upper townhouse‑style unit can provide 3 bedrooms or 2 bedrooms plus dining room/office
