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Updated Two-Family Residential Home
For Sale
$699,900

155 Alabama Ave, Providence, RI 02905

Two-family property with a townhouse-style upper unit, updated systems, multiple bedrooms, and outdoor decks with off-street parking.

Property Size5,400 SF
Price / SF$129.61
Days on Market55

Property Features for 155 Alabama Ave

General Information

Standard status Active
Size 5,400 SF
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 2

Building Details

Year Built 1924
Stories 3
Listing Agency: Capital Leasing & Managment
Listed By: Amy Champagne
Source: Alpernandmesenbourg
Added: Jul 19 Changed: Sep 8 Last Checked: Sep 9 at 9:04PM

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 Capital Leasing & Managment

Investment Insights

Based on property information with market context.

155 Alabama Avenue is an updated two-family residential property offering flexible unit configuration. The first-floor unit is one complete residence, and the second/third-floor space is currently combined into a townhouse-style unit. The home contains hardwood flooring and fireplaces, and the property has undergone significant interior renovations, including updated electrical and plumbing systems. Washer/dryer hookups are also included.

Outdoor amenities feature large decks and a patio, along with off-street parking and a detached two-car garage. The garage presents possibilities of an ADU conversion, subject to buyer due diligence. The property also has solar panels to help with the electric bill, with an existing loan on the solar panels described as negotiable.

As presented, the layout supports a combined upper townhouse arrangement, and the second and third floor units “can be put back as 3 full units,” depending on future configuration.

Key Highlights

  • Two‑family home built in 1924 with over 5,200 SF, 8 bedrooms, and 3 full bathrooms
  • First‑floor unit plus a combined townhouse‑style second/third‑floor unit; can be put back as 3 full units
  • Updated electrical and plumbing systems and significant interior renovations

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Electrical Service Skin Care Clinic (Bike/Boat/Book/etc) Store

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
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

792
Businesses Nearby

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
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two-family property with a townhouse-style upper unit, updated systems, multiple bedrooms, and outdoor decks with off-street parking.
Where is this duplex located?
The property is located at 155 Alabama Ave Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family home built in 1924 with over 5,200 SF, 8 bedrooms, and 3 full bathrooms; First‑floor unit plus a combined townhouse‑style second/third‑floor unit; can be put back as 3 full units; Updated electrical and plumbing systems and significant interior renovations
More about this property
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