New Construction Duplex With 11
For Sale
$799,000
139 Benedict St, Providence, RI 02909
Two separately configured units include modern kitchens, in-unit laundry, central air, and gas heat.
Property Size3,861 SF
Price / SF$206.94
Days on Market60
Property Features for 139 Benedict St
General Information
Standard status
Active
Size
3,861 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 7BR/3BA, 1 x 4BR/2BA
Multifamily Units
2
Amenities
in-unit laundry
central air
private fenced backyard
Building Details
Year Built
2025
Listing Agency:
Cathedral Properties
Listed By:
Ruby Delacruz
(401) 428-0863
Source:
Alpernandmesenbourg
Added: Aug 8
Changed: Sep 9
Last Checked: Oct 4 at 3:24PM
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 Cathedral Properties
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains two distinct residences totaling 11 bedrooms and 5 full bathrooms. The larger home spans two levels with 7 bedrooms and 3 full bathrooms, plus a finished walkout lower level. The second residence provides 4 bedrooms, 2 full bathrooms, and an open-concept design.
Both units feature modern kitchens, recessed lighting, in-unit laundry, gas heat, central air, and contemporary finishes. A private, fully fenced backyard serves the property. Located at 139 Benedict Street in Providence, Rhode Island, the building offers a newly constructed two-family configuration for residential occupancy or ownership use.
Both units feature modern kitchens, recessed lighting, in-unit laundry, gas heat, central air, and contemporary finishes. A private, fully fenced backyard serves the property. Located at 139 Benedict Street in Providence, Rhode Island, the building offers a newly constructed two-family configuration for residential occupancy or ownership use.
Key Highlights
- 2025‑built duplex with 11 bedrooms and 5 full bathrooms
- Unit 1 includes 7 bedrooms, 3 full bathrooms, two levels, and a finished walkout lower level
- Unit 2 offers 4 bedrooms, 2 full bathrooms, and an open‑concept layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,197
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,940
$1.3M
Cap Rate 7%
$931,386
$931.4K
Cap Rate 9%
$724,411
$724.4K
Market Conditions
NOI Build-Up for 3,861 SF
Gross rent
$99.6K $25.80/SF
− Vacancy
−$6.5K −$1.68/SF
EGI
$93.1K $24.12/SF
− OpEx
−$27.9K −$7.24/SF
NOI
$65.2K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,940
Cap Rate 7%
$931,386
Cap Rate 9%
$724,411
Alternative Uses
Best Use
Multifamily LT 5
$931.4K
$815.0K – $1.09M
NOI $65,197 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$836.6K
$732.0K – $976.0K
NOI $58,562 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,420 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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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 - Two separately configured units include modern kitchens, in-unit laundry, central air, and gas heat.
Where is this duplex located?
The property is located at 139 Benedict St Providence, RI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2025‑built duplex with 11 bedrooms and 5 full bathrooms; Unit 1 includes 7 bedrooms, 3 full bathrooms, two levels, and a finished walkout lower level; Unit 2 offers 4 bedrooms, 2 full bathrooms, and an open‑concept layout
