Two-Family
For Sale
$599,000
149 Burnside St, Providence, RI 02905
Residential duplex with three-bedroom, one-bath units and a backyard.
Property Size1,900 SF
Price / SF$315.26
Days on Market48
Property Features for 149 Burnside St
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
spacious backyard
Building Details
Year Built
1850
Listing Agency:
Innovations Realty
Listed By:
The ALBA Group · License #37342
(508) 810-0700
Source:
Alpernandmesenbourg
Added: Aug 28
Changed: Oct 6
Last Checked: Oct 12 at 11:22PM
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.
Built in 1850, this duplex at 149 Burnside Street contains two residential units. Each unit offers three bedrooms and one full bathroom, providing a consistent layout across both residences.
The property includes a backyard and is located in Providence, Rhode Island, within ZIP code 02905. Its two-unit configuration supports multifamily ownership, including the owner-occupant or investor uses identified for the property.
The property includes a backyard and is located in Providence, Rhode Island, within ZIP code 02905. Its two-unit configuration supports multifamily ownership, including the owner-occupant or investor uses identified for the property.
Key Highlights
- Two‑family duplex at 149 Burnside Street, Providence, RI 02905
- Each unit includes 3 bedrooms and 1 full bath
- Backyard included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,084
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,680
$641.7K
Cap Rate 7%
$458,343
$458.3K
Cap Rate 9%
$356,489
$356.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$49.0K $25.80/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$45.8K $24.12/SF
− OpEx
−$13.8K −$7.24/SF
NOI
$32.1K $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%
$641,680
Cap Rate 7%
$458,343
Cap Rate 9%
$356,489
Alternative Uses
Best Use
Multifamily LT 5
$458.3K
$401.1K – $534.7K
NOI $32,084 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$411.7K
$360.2K – $480.3K
NOI $28,818 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$635.7K
$556.2K – $741.6K
NOI $44,496 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,709
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Residential duplex with three-bedroom, one-bath units and a backyard.
Where is this duplex located?
The property is located at 149 Burnside St Providence, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑family duplex at 149 Burnside Street, Providence, RI 02905; Each unit includes 3 bedrooms and 1 full bath; Backyard included with the property
