129 Briggs Street, Providence, RI 02905
Other - Providence, RI
- Added:
- Jun 15, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 16 at 4:06 pm
Property Features for 129 Briggs Street
General Information
- Property type
- Other
- Property subtype
- Multi Family
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 3
- Parking features
- Garage
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 129BRIGGSSTPROV
- Size
- 3,675 SF
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Flooring type
- Hardwood, Tile, Tile - Ceramic
- Architectural style
- Other
Listing agent The DiSpirito Team (401) 244-8355
Listing office Engel & Völkers East Greenwich 247 Main Street, East Greenwich, RI (401) 638-0010
Listing date Jun 15, 2026
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- New construction 2‑family home built in 2026
- Each unit offers 3 bedrooms and 2 full bathrooms with an open‑concept layout
- Hardwood flooring throughout each unit with ceramic tile in select areas
- Designer kitchen with center island and full appliance package (dishwasher, range, refrigerator, washer)
- Central air with natural gas heating
- Includes garage parking and an unfinished basement with high ceilings and large windows
Overview
An unfinished basement provides additional utility, with high ceilings and large windows that can support future expansion, enhanced storage, or other supplemental interior space. The property is positioned for convenient access to downtown Providence, major hospitals, and key commuting routes.
This setup can work well for owner-occupants who want to live in one unit while generating rental income from the other, as well as for buyers seeking a high-quality, newer two-family with built-in versatility at the basement level. With durable finishes, appliance-ready kitchens, and well-sized living areas, the property is designed for modern day-to-day use while leaving room to adapt the lower level over time.
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 | $94.8k | $25.80 |
| − Vacancy | −$6.2k | −$1.68 |
| EGI | $88.7k | $24.12 |
| − OpEx | −$26.6k | −$7.24 |
| NOI | $62.1k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.408147
- Latitude
- 41.801807
