Duplex with Three-Car
For Sale
$1,200,000
132 Jenkins Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size2,593 SF
Lot Size0.15 Acres
Price / SF$462.78
Days on Market114
Property Features for 132 Jenkins Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Basement, Bedroom 4
Parking
7
Interior features
Attic, Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
Basement
Storage Space, Unfinished, Full
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Electric Water Heater, Gas Water Heater
Subdivision
Mt. Hope
Lot features
Paved Driveway
Standard status
Active
Size
2,593 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1062
Utilities
Heating system
Oil, Natural Gas, Baseboard
Cooling system
Window Unit(s)
Water source
Public
Water front features
Waterfront
Water front
1
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Vinyl
Building materials
Clapboard, Wood
Listing Agency:
Www.Homezu.Com
(877) 249-5478
Listed By:
Jason Saphire · License #0818954
(781) 492-7575
Added: Jun 22
Changed: Sep 26
Last Checked: Oct 13 at 2:06PM
MLS# 1416084
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 2,593-square-foot duplex is a three-story wood and clapboard residence built in 1900, with two apartments and a three-car garage. Each of the first two floors contains a two-bedroom unit with double parlors, bay windows, an eat-in kitchen, and a full bathroom. Original oak flooring with cherry inlays, plaster ceiling details, and a mahogany stair balustrade remain among the interior features. The third floor is unfinished, and the home also has a full walk-out basement. Replacement windows are installed on all three floors.
The first-floor apartment has oil heat, a new oil tank, and an electric hot water heater; the second uses gas baseboard heat and has a gas boiler and gas hot water heater. Both units have updated 100-amp electrical systems. The property is fully occupied by professionals under long-term leases and is zoned R-3. The parcel measures 0.1469 acres. An adjacent property is also available as part of a package deal.
The first-floor apartment has oil heat, a new oil tank, and an electric hot water heater; the second uses gas baseboard heat and has a gas boiler and gas hot water heater. Both units have updated 100-amp electrical systems. The property is fully occupied by professionals under long-term leases and is zoned R-3. The parcel measures 0.1469 acres. An adjacent property is also available as part of a package deal.
Key Highlights
- Two apartments, each with 2 bedrooms and a full bathroom
- 2,593 square feet on a 0.1469‑acre lot
- Three‑car garage and full walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,786
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$875,720
$875.7K
Cap Rate 7%
$625,514
$625.5K
Cap Rate 9%
$486,511
$486.5K
Market Conditions
NOI Build-Up for 2,593 SF
Gross rent
$66.9K $25.80/SF
− Vacancy
−$4.3K −$1.68/SF
EGI
$62.6K $24.12/SF
− OpEx
−$18.8K −$7.24/SF
NOI
$43.8K $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%
$875,720
Cap Rate 7%
$625,514
Cap Rate 9%
$486,511
Alternative Uses
Best Use
Multifamily LT 5
$625.5K
$547.3K – $729.8K
NOI $43,786 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$561.8K
$491.6K – $655.5K
NOI $39,329 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$867.5K
$759.1K – $1.01M
NOI $60,725 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
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 spacious apartments feature double parlors, eat-in kitchens, and separate heating systems.
Where is this duplex located?
The property is located at 132 Jenkins Street Providence, RI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and a full bathroom; 2,593 square feet on a 0.1469‑acre lot; Three‑car garage and full walk‑out basement
