Two-Unit Residential Income
139 Benedict Street Providence, RI 02909
139 Benedict Street, Providence, RI, 02909
$799,000
For Sale
$799,000
New construction duplex offers two townhouse-style units with modern kitchens, in-unit laundry, and central air.
Property Size3,861 SF
Price / SF$206.94
Days on Market8
Property Features for 139 Benedict Street
General Information
- Standard status
- Active
- Size
- 3,861 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing agency
Innovations Realty
(401) 414-7414
Listed by
Juan Tejada
Source
Lockandkeyre
Added: Jul 16 Updated: Jul 23 at 4:30AM Checked: Jul 23 at 4:30AM
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 Innovations Realty
Investment Insights
Based on property information with market context.
Brand-new two-unit residential income property featuring two townhouse-style units. Unit 1 is arranged over two levels and includes 7 bedrooms and 3 full bathrooms, with 4 bedrooms and 2 full baths on the main level and a fully finished lower level containing 3 additional bedrooms, 1 full bath, and a full walkout. Unit 2 offers 4 bedrooms and 2 full bathrooms.
Both units include modern kitchens, bright open living areas with recessed lighting, in-unit laundry, efficient gas heat, and central air conditioning.
Designed for flexibility, the overall building totals 11 bedrooms and 5 full bathrooms across both units. The property is presented as a new construction opportunity for either investment or owner-occupancy.
Both units include modern kitchens, bright open living areas with recessed lighting, in-unit laundry, efficient gas heat, and central air conditioning.
Designed for flexibility, the overall building totals 11 bedrooms and 5 full bathrooms across both units. The property is presented as a new construction opportunity for either investment or owner-occupancy.
Key Highlights
- New construction duplex (Year built 2025) with 11 bedrooms and 5 full bathrooms across two units
- Unit 1 townhouse‑style layout on two levels with 7 bedrooms, 3 full baths, and a fully finished lower level with full walkout
- Unit 1 includes 4 bedrooms and 2 full baths on the main level, plus 3 additional bedrooms and 1 full bath in the lower level
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 | $99.6k | $25.80 |
| − Vacancy | −$6.5k | −$1.68 |
| EGI | $93.1k | $24.12 |
| − OpEx | −$27.9k | −$7.24 |
| NOI | $65.2k | $16.89 |
3,861 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction duplex offers two townhouse-style units with modern kitchens, in-unit laundry, and central air.
Where is this duplex located?
The property is located at 139 Benedict Street 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: New construction duplex (Year built 2025) with 11 bedrooms and 5 full bathrooms across two units; Unit 1 townhouse‑style layout on two levels with 7 bedrooms, 3 full baths, and a fully finished lower level with full walkout; Unit 1 includes 4 bedrooms and 2 full baths on the main level, plus 3 additional bedrooms and 1 full bath in the lower level
