Two-Family Residential Income
17 Tyndall Avenue Providence, RI 02908
For Sale
$545,000
Spacious two-unit home with separate utilities, off-street parking, and a fenced backyard with deck.
Property Size2,792 SF
Price / SF$195.20
Days on Market10
Property Features for 17 Tyndall Avenue
General Information
- Standard status
- Active
- Size
- 2,792 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing Agency:
The Ferrara Realty Group
(401) 359-2274
Listed By:
Alan Ferrara
Source:
Lockandkeyre
Added: Jul 15
Changed: Jul 21
Last Checked: Jul 23 at 5:32AM
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 The Ferrara Realty Group
Investment Insights
Based on property information with market context.
This two-family residential income property offers two separate units with independent gas and electric utilities. The first-floor unit features 3 bedrooms, 1 full bathroom, an eat-in kitchen, and double parlors. The second-floor unit includes 2 bedrooms, 1 full bathroom, a spacious kitchen with a dedicated dining area, and double parlors.
Additional improvements include vinyl siding, off-street parking, and a fenced backyard with a deck. An unfinished walk-up attic is available and may allow for future expansion or reconfiguration within the home.
The property is presented as a duplex-style asset with two existing residential units and flexibility to add usable space in the attic area, subject to applicable requirements.
Additional improvements include vinyl siding, off-street parking, and a fenced backyard with a deck. An unfinished walk-up attic is available and may allow for future expansion or reconfiguration within the home.
The property is presented as a duplex-style asset with two existing residential units and flexibility to add usable space in the attic area, subject to applicable requirements.
Key Highlights
- Two‑family home built in 1930 with two separate full units
- First‑floor unit: 3 bedrooms, 1 full bath, eat‑in kitchen, and double parlors
- Second‑floor unit: 2 bedrooms, 1 full bath, spacious kitchen with dedicated dining area, and double parlors
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $25.80 |
| − Vacancy | −$4.7k | −$1.68 |
| EGI | $67.4k | $24.12 |
| − OpEx | −$20.2k | −$7.24 |
| NOI | $47.1k | $16.89 |
2,792 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.5K
$589.3K – $785.8K
NOI $47,146 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$605.0K
$529.4K – $705.8K
NOI $42,348 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$934.1K
$817.3K – $1.09M
NOI $65,385 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Spacious two-unit home with separate utilities, off-street parking, and a fenced backyard with deck.
Where is this duplex located?
The property is located at 17 Tyndall Avenue Providence, RI.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Two‑family home built in 1930 with two separate full units; First‑floor unit: 3 bedrooms, 1 full bath, eat‑in kitchen, and double parlors; Second‑floor unit: 2 bedrooms, 1 full bath, spacious kitchen with dedicated dining area, and double parlors
