Updated Two-Family
For Sale
$634,000
15 Baltimore St, Providence, RI 02909
Fully updated two-family home with a finished attic and modern stainless steel appliances.
Property Size1,476 SF
Price / SF$429.54
Days on Market152
Property Features for 15 Baltimore St
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Manton
Additional Details
Multifamily Units
2
Building Details
Year Built
1927
Tenancy
Multi
Listing Agency:
My Dream Home Realty
Listed By:
Marisela Vasquez · License #0018925
(401) 499-6945
Source:
Alpernandmesenbourg
Added: May 28
Changed: Oct 25
Last Checked: Oct 24 at 7:45PM
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 My Dream Home Realty
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Investment Insights
Based on property information with market context.
This fully updated two-family residence offers spacious, well-maintained layouts and modern improvements throughout. The home includes a finished attic that can provide additional flexible living space, such as an office or recreation area, and features stainless steel appliances for updated in-home functionality.
Situated at 15 Baltimore Street in Providence, the property is positioned for convenient access to downtown dining, shopping, and entertainment. Nearby attractions highlighted in the remarks include WaterFire Providence, the Providence River Pedestrian Bridge, and Roger Williams Park Zoo.
The listing notes that exterior photos have been enhanced and that offers are to be submitted by Monday at 5pm, per the “high and best” instruction in the remarks.
Situated at 15 Baltimore Street in Providence, the property is positioned for convenient access to downtown dining, shopping, and entertainment. Nearby attractions highlighted in the remarks include WaterFire Providence, the Providence River Pedestrian Bridge, and Roger Williams Park Zoo.
The listing notes that exterior photos have been enhanced and that offers are to be submitted by Monday at 5pm, per the “high and best” instruction in the remarks.
Key Highlights
- Fully updated two‑family home built in 1927
- Finished attic provides additional living space, home office, or recreation
- Modern updates include stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,924
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,480
$498.5K
Cap Rate 7%
$356,057
$356.1K
Cap Rate 9%
$276,933
$276.9K
Market Conditions
NOI Build-Up for 1,476 SF
Gross rent
$38.1K $25.80/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$35.6K $24.12/SF
− OpEx
−$10.7K −$7.24/SF
NOI
$24.9K $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%
$498,480
Cap Rate 7%
$356,057
Cap Rate 9%
$276,933
Alternative Uses
Best Use
Multifamily LT 5
$356.1K
$311.6K – $415.4K
NOI $24,924 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$319.8K
$279.8K – $373.1K
NOI $22,387 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$493.8K
$432.1K – $576.1K
NOI $34,566 @ 7.0% cap · market cap 5.45%
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
521
Businesses Nearby
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Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Fully updated two-family home with a finished attic and modern stainless steel appliances.
Where is this duplex located?
The property is located at 15 Baltimore St Providence, RI.
What is the asking price?
The asking price for this property is $634,000.
What are key features of this property?
This property features: Fully updated two‑family home built in 1927; Finished attic provides additional living space, home office, or recreation; Modern updates include stainless steel appliances
