Renovated Two-Family
13 Suffolk Street Providence, RI 02908
13 Suffolk Street, Providence, RI, 02908
$649,000
For Sale
$649,000
Renovated two-unit residence with updated kitchens and bathrooms, hardwood floors, separate utilities, and off-street parking.
Property Size2,844 SF
Price / SF$228.20
Days on Market10
Property Features for 13 Suffolk Street
General Information
- Standard status
- Active
- Size
- 2,844 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1926
Listing agency
Bani Properties
(401) 781-8600
Listed by
Basty Ortiz
Source
Lockandkeyre
Added: Jul 14 Updated: Jul 18 at 3:20AM Checked: Jul 23 at 5:43AM
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 Bani Properties
Investment Insights
Based on property information with market context.
This beautifully renovated two-family home offers two separate units with updated kitchens and bathrooms, gleaming hardwood floors, spacious bedrooms, and abundant natural light. The property includes a full basement that provides ample storage, plus off-street parking and a detached garage that could support a possible ADU.
The home is conveniently located near Providence College, restaurants, hospitals, public transportation, and major highways, supporting everyday accessibility and commuting.
With separate utilities and a basement built for storage, this configuration is well suited for an owner-occupant seeking income potential or an investor looking for a move-in-ready residential income property.
The home is conveniently located near Providence College, restaurants, hospitals, public transportation, and major highways, supporting everyday accessibility and commuting.
With separate utilities and a basement built for storage, this configuration is well suited for an owner-occupant seeking income potential or an investor looking for a move-in-ready residential income property.
Key Highlights
- Renovated two‑family home built in 1926 with two separate living units
- Each unit features updated kitchens and bathrooms
- Gleaming hardwood floors and spacious bedrooms with abundant natural light
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 | $73.4k | $25.80 |
| − Vacancy | −$4.8k | −$1.68 |
| EGI | $68.6k | $24.12 |
| − OpEx | −$20.6k | −$7.24 |
| NOI | $48.0k | $16.89 |
2,844 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$686.1K
$600.3K – $800.4K
NOI $48,024 @ 7.0% cap · market cap 7.40%
Second Best
Apartment 5plus
$616.2K
$539.2K – $718.9K
NOI $43,136 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$951.5K
$832.5K – $1.11M
NOI $66,603 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-unit residence with updated kitchens and bathrooms, hardwood floors, separate utilities, and off-street parking.
Where is this duplex located?
The property is located at 13 Suffolk Street Providence, RI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Renovated two‑family home built in 1926 with two separate living units; Each unit features updated kitchens and bathrooms; Gleaming hardwood floors and spacious bedrooms with abundant natural light
