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Two-Unit Residential Income Property
For Sale
$570,000

147 Parade Street, Providence, RI 02907

Two-unit home with a 2-bedroom first-floor unit and a townhouse-style 4-bedroom upper unit.

Property SizeContact for details
Days on Market91

Property Features for 147 Parade Street

General Information

Standard status Active
Property subtype Multi-family

Additional Details

Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1900
Stories 3
Tenancy Multi
Listing Agency: D'Empire Real Estate LLC
Listed By: Helene Dominguez
Source: Residentialproperties
Added: Jun 1 Changed: Aug 28 Last Checked: Aug 29 at 11:13AM

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 D'Empire Real Estate LLC

Investment Insights

Based on property information with market context.

This two-unit residential income property is a large 2-family home with oversized bedrooms and two distinct living configurations. The 1st-floor unit offers 2 bedrooms and 1 full bath. The 2nd and 3rd floors are configured in a townhouse-style layout featuring 4 bedrooms and 1 full bath.

The property is described as being conveniently located near schools, shopping, restaurants, public transportation, and major highways, supporting everyday accessibility for tenants and owner-occupants.

With generous interior space across both units, the home provides a practical setup for rental income, with separate bedroom counts and bath fixtures defined by the existing unit layout.

Key Highlights

  • Large 2‑family home built in 1900 with a first‑floor and townhouse‑style upper unit
  • 1st‑floor unit features 2 bedrooms and 1 full bath
  • 2nd- and 3rd‑floor townhouse‑style unit features 4 bedrooms and 1 full bath

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith HVAC Service (Bike/Boat/Book/etc) Store Florist Pet Grooming Service Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,801
Businesses Nearby

Demographics for 02907, RI

29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit home with a 2-bedroom first-floor unit and a townhouse-style 4-bedroom upper unit.
Where is this duplex located?
The property is located at 147 Parade Street Providence, RI.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Large 2‑family home built in 1900 with a first‑floor and townhouse‑style upper unit; 1st‑floor unit features 2 bedrooms and 1 full bath; 2nd- and 3rd‑floor townhouse‑style unit features 4 bedrooms and 1 full bath
More about this property
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