Two-Family Duplex with Walkout
For Sale
$629,900
Pending
14 Gray Street, North Providence, RI 02904
Residential Income, North Providence, RI
Property Size2,064 SF
Lot Size0.18 Acres
Days on Market54
Property Features for 14 Gray Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RG
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2, Basement
Parking
3
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Patio
Interior features
Wall (Dry Wall), Wall (Paneled), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Screened Pch/Patio/Dck/Brzwy
Basement
Storage Space, Unfinished, Full
Appliances
Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Lot features
Out Building, Paved Driveway
Standard status
Pending
Size
2,064 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7313
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard, Zoned
Water source
Public
Building Details
Year built
1959
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Vinyl, Carpet
Building materials
Dry Wall, Paneled, Plaster, Vinyl Siding
Buildings
1
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Anthony Petrarca
(401) 374-2478
Added: Sep 14
Changed: Oct 28
Last Checked: Nov 6 at 12:06PM
MLS# 1423181
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.
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Investment Insights
Based on property information with market context.
This two-family property contains 2,064 square feet across two residences, each with three bedrooms, a full bathroom, kitchen, and living room. The home was built in 1959 and expanded with a second-floor addition in 1982. A full basement provides storage, another bathroom, and exterior walkout access. The property also has a patio and a 0.1754-acre lot. Zoned RG, it is currently vacant, allowing occupancy or new tenancy arrangements without an existing lease in place.
The home sits on a dead-end street in North Providence, near shopping, restaurants, bus routes, and everyday services. Newly built and recently renovated school facilities are also nearby.
The home sits on a dead-end street in North Providence, near shopping, restaurants, bus routes, and everyday services. Newly built and recently renovated school facilities are also nearby.
Key Highlights
- Two‑family property with 2,064 square feet of living area
- Each residence has three bedrooms, a full bathroom, kitchen, and living room
- Full basement includes an additional bathroom and walkout access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,367
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,340
$687.3K
Cap Rate 7%
$490,957
$491.0K
Cap Rate 9%
$381,856
$381.9K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$52.5K $25.44/SF
− Vacancy
−$3.4K −$1.65/SF
EGI
$49.1K $23.79/SF
− OpEx
−$14.7K −$7.14/SF
NOI
$34.4K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,340
Cap Rate 7%
$490,957
Cap Rate 9%
$381,856
Alternative Uses
Best Use
Multifamily LT 5
$491.0K
$429.6K – $572.8K
NOI $34,367 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$389.6K
$340.9K – $454.6K
NOI $27,275 @ 7.0% cap · market cap 4.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in North Providence, RI
Properties on Market for Duplexes in North Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant three-bedroom residences offer separate living space and flexibility for occupancy or rental use.
Where is this duplex located?
The property is located at 14 Gray Street North Providence, RI.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Two‑family property with 2,064 square feet of living area; Each residence has three bedrooms, a full bathroom, kitchen, and living room; Full basement includes an additional bathroom and walkout access
