Townhouse-Style
For Sale
$519,000
128 Vincent Avenue, North Providence, RI 02904
Residential Income, North Providence, RI
Property Size2,111 SF
Lot Size0.10 Acres
Price / SF$245.86
Days on Market61
Property Features for 128 Vincent Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NPRO
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Basement
Parking
4
Parking features
None
Interior features
Wall (Cermaic), Wall (Dry Wall), Wall (Plaster), Wall (Wood), Insulation (Unknown)
Basement
Storage Space, Full, Partially Finished
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Standard status
Active
Size
2,111 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5548
Utilities
Heating system
Steam, Oil, Natural Gas, Baseboard
Water source
Public
Amenities
above-ground pool
storage shed
solar panel system
Building Details
Year built
1900
Number of units
2
Flooring type
Tile - Ceramic, Laminate, Carpet, Vinyl
Building materials
Ceramic, Dry Wall, Plaster, Wood Wall(s), Vinyl Siding
Listing Agency:
Exp Realty
(888) 315-3445
Listed By:
Livin Group · License #49448
(617) 959-7793
Added: Aug 12
Changed: Oct 8
Last Checked: Oct 11 at 6:06AM
MLS# 1420507
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 2,111-square-foot duplex, built in 1900 on a 0.1-acre lot, combines a first-floor apartment with a townhouse-style residence spanning the second and third floors. The upper unit can be arranged as a two-bedroom layout with a separate dining room or office, or as three bedrooms. It includes an open kitchen and basement storage. The owner's unit uses oil-fired steam heat; the first-floor tenant heats with gas. An existing solar panel system is paid off.
The property also has vinyl siding and a fully enclosed backyard with an above-ground pool, storage shed, flowers, and mature plantings. The first-floor apartment is lead compliant and currently leased. Shopping, access to I-95 and Route 146, and the Providence train station are nearby.
The property also has vinyl siding and a fully enclosed backyard with an above-ground pool, storage shed, flowers, and mature plantings. The first-floor apartment is lead compliant and currently leased. Shopping, access to I-95 and Route 146, and the Providence train station are nearby.
Key Highlights
- 2,111‑square‑foot duplex on a 0.1‑acre lot
- First‑floor apartment is lead compliant and currently leased
- Upper two‑floor unit offers a two‑bedroom plan or a three‑bedroom configuration
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.
Property Analytics
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Current Use
Lease Details
2
Residential units
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 - A leased first-floor apartment sits below a flexible two-level residence with a fenced backyard and an existing solar system.
Where is this duplex located?
The property is located at 128 Vincent Avenue 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‑square‑foot duplex on a 0.1‑acre lot; First‑floor apartment is lead compliant and currently leased; Upper two‑floor unit offers a two‑bedroom plan or a three‑bedroom configuration
