Duplex with Third-Floor ADU
New
For Sale
$750,000
169 Tenth Street, Providence, RI 02906
Each apartment has two bedrooms, a full bath, hardwood floors, and naturally lit living and dining areas.
Property Size2,970 SF
Price / SF$252.53
Days on Market3
Property Features for 169 Tenth Street
General Information
Standard status
Active
Size
2,970 SF
Property subtype
MultiFamily
Additional Details
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Jim DeRentis · License #RES.0034320
(401) 529-2188
Source:
Lockandkeyre
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 2:27AM
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 Residential Properties Ltd.
Investment Insights
Based on property information with market context.
This 1910 duplex contains two apartments, each arranged with two bedrooms and one full bathroom. Hardwood flooring extends through the main living areas, while tile finishes the bathrooms. Natural light reaches the living and dining spaces. The building totals 2,970 square feet, and its third floor may offer potential for an ADU.
The property at 169 Tenth Street is within walking distance of Hope Village and Lippitt Park. The park hosts a seasonal farmers market and community events; shops, cafes, and restaurants are also nearby.
The property at 169 Tenth Street is within walking distance of Hope Village and Lippitt Park. The park hosts a seasonal farmers market and community events; shops, cafes, and restaurants are also nearby.
Key Highlights
- Two apartments, each with two bedrooms and one full bath
- 2,970 square feet in a building constructed in 1910
- Third floor identified as potential ADU space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,152
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,003,040
$1.0M
Cap Rate 7%
$716,457
$716.5K
Cap Rate 9%
$557,244
$557.2K
Market Conditions
NOI Build-Up for 2,970 SF
Gross rent
$76.6K $25.80/SF
− Vacancy
−$5.0K −$1.68/SF
EGI
$71.6K $24.12/SF
− OpEx
−$21.5K −$7.24/SF
NOI
$50.2K $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%
$1,003,040
Cap Rate 7%
$716,457
Cap Rate 9%
$557,244
Alternative Uses
Best Use
Multifamily LT 5
$716.5K
$626.9K – $835.9K
NOI $50,152 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$643.5K
$563.1K – $750.8K
NOI $45,047 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$993.6K
$869.4K – $1.16M
NOI $69,554 @ 7.0% cap · market cap 9.27%
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
1,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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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 - Each apartment has two bedrooms, a full bath, hardwood floors, and naturally lit living and dining areas.
Where is this duplex located?
The property is located at 169 Tenth Street Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms and one full bath; 2,970 square feet in a building constructed in 1910; Third floor identified as potential ADU space
