Well-Maintained Two-Unit
For Sale
$599,900
144 Dante St, Providence, RI 02908
Two-bedroom, two-bath units feature updated kitchens and bathrooms, with a finished basement and off-street parking.
Property Size1,800 SF
Price / SF$333.28
Days on Market98
Property Features for 144 Dante St
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Site & Location
Neighborhood
Elmhurst
Additional Details
Multifamily Units
2
Amenities
updated kitchen and bathroom
hardwood floors
backyard space
Building Details
Year Built
1903
Tenancy
Multi
Listing Agency:
Keller Williams Leading Edge
Listed By:
Barrows Team
(401) 640-3520
Source:
Alpernandmesenbourg
Added: Jul 20
Changed: Oct 12
Last Checked: Oct 7 at 4:55PM
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 Keller Williams Leading Edge
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Investment Insights
Based on property information with market context.
This well-maintained two-family home offers two residential units, each featuring two bedrooms with updated kitchen and bathroom finishes. The property also includes a finished basement that may provide additional living space, along with hardwood floors that run throughout. A one-year-old roof adds recent durability, and the home is supported by ample outdoor space in the backyard.
Located in Providence’s Elmhurst neighborhood near Providence College, the property is described as conveniently positioned near schools, shopping, and local amenities. Off-street parking is available for up to four vehicles, adding practical day-to-day convenience for occupants.
The layout supports either investor and rental use or owner-occupant living, with two self-contained units and an interior configuration that includes finished basement space and multiple bedrooms per unit.
Located in Providence’s Elmhurst neighborhood near Providence College, the property is described as conveniently positioned near schools, shopping, and local amenities. Off-street parking is available for up to four vehicles, adding practical day-to-day convenience for occupants.
The layout supports either investor and rental use or owner-occupant living, with two self-contained units and an interior configuration that includes finished basement space and multiple bedrooms per unit.
Key Highlights
- 1903‑built 2‑family home in Providence’s Elmhurst neighborhood
- Each unit has 2 bedrooms and 2 bathrooms with updated kitchen and bathroom
- Finished basement offers potential additional living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,395
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,900
$607.9K
Cap Rate 7%
$434,214
$434.2K
Cap Rate 9%
$337,722
$337.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$43.4K $24.12/SF
− OpEx
−$13.0K −$7.24/SF
NOI
$30.4K $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%
$607,900
Cap Rate 7%
$434,214
Cap Rate 9%
$337,722
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,395 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$390.0K
$341.3K – $455.0K
NOI $27,301 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$602.2K
$526.9K – $702.6K
NOI $42,154 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath units feature updated kitchens and bathrooms, with a finished basement and off-street parking.
Where is this duplex located?
The property is located at 144 Dante St Providence, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1903‑built 2‑family home in Providence’s Elmhurst neighborhood; Each unit has 2 bedrooms and 2 bathrooms with updated kitchen and bathroom; Finished basement offers potential additional living space
