2-Unit Duplex with
New
For Sale
$750,000
169 Tenth Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size2,970 SF
Lot Size0.09 Acres
Price / SF$252.53
Days on Market3
Property Features for 169 Tenth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Basement, Bedroom 2, Bathroom 2, Bathroom 1
Parking
6
Patio and Porch features
Porch
Interior features
Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Porch
Basement
Unfinished, Full, Storage Space
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Subdivision
Hope Village
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
2,970 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10136
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Building Details
Year built
1910
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Plaster, Vinyl Siding
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Jim DeRentis
(401) 439-7705
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 13 at 3:06PM
MLS# 1425404
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1910, this two-family duplex contains 2,970 square feet across two apartments. Each unit has two bedrooms and one full bath. Hardwood flooring runs through the main living areas, and the property also includes a porch. The third floor is identified as having potential for an accessory dwelling unit. The parcel measures 0.0879 acres and is zoned R3.
The home is within walking distance of Hope Village and Lippitt Park, which hosts a seasonal farmers market. Shops, cafes, and restaurants in Hope Village are also reachable on foot.
The home is within walking distance of Hope Village and Lippitt Park, which hosts a seasonal farmers market. Shops, cafes, and restaurants in Hope Village are also reachable on foot.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bath
- 2,970‑square‑foot building on a 0.0879‑acre parcel
- Built in 1910; zoned R3
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.
How Realmo checks its estimates
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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 and one full bathroom.
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 2 bedrooms and 1 full bath; 2,970‑square‑foot building on a 0.0879‑acre parcel; Built in 1910; zoned R3
