Side-by-Side
New
For Sale
$670,000
165 Briggs Street, Providence, RI 02905
Each residence has separate living, dining, and kitchen areas, with a finished attic and shared backyard.
Property Size2,800 SF
Price / SF$239.29
Days on Market4
Property Features for 165 Briggs Street
General Information
Standard status
Active
Size
2,800 SF
Property subtype
MultiFamily
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Leading Edge
(401) 333-4900
Listed By:
Karla Leon · License #RES.0049078
(401) 499-3109
Source:
Lockandkeyre
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:49AM
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
Investment Insights
Based on property information with market context.
Built in 1900, this duplex pairs two side-by-side residences, each arranged in a townhouse-style plan with distinct living, dining, and kitchen areas. A finished attic adds flexible space, and the property includes a backyard. Recent work includes an updated electrical system and a roof approximately three years old.
Major highways are accessible from the property, with connections to Providence and surrounding areas.
Major highways are accessible from the property, with connections to Providence and surrounding areas.
Key Highlights
- Two side‑by‑side residences, each with separate living, dining, and kitchen areas
- Finished attic and backyard
- Roof approximately 3 years old; electrical system updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,281
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$945,620
$945.6K
Cap Rate 7%
$675,443
$675.4K
Cap Rate 9%
$525,344
$525.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$72.2K $25.80/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$67.5K $24.12/SF
− OpEx
−$20.3K −$7.24/SF
NOI
$47.3K $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%
$945,620
Cap Rate 7%
$675,443
Cap Rate 9%
$525,344
Alternative Uses
Best Use
Multifamily LT 5
$675.4K
$591.0K – $788.0K
NOI $47,281 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$606.7K
$530.9K – $707.8K
NOI $42,469 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$936.8K
$819.7K – $1.09M
NOI $65,573 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,576
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate living, dining, and kitchen areas, with a finished attic and shared backyard.
Where is this duplex located?
The property is located at 165 Briggs Street Providence, RI.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Two side‑by‑side residences, each with separate living, dining, and kitchen areas; Finished attic and backyard; Roof approximately 3 years old; electrical system updated
