Two-Family Home with Rear
172 Baker Street, Providence, RI 02905
New
MULTI_FAMILY - Providence, RI
Property size:
2,552 SFLot size:
0.12 AcresPrice / SF:
$263/SF- Added:
- Jun 10, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 11 at 12:06 am
Property Features for 172 Baker Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 4, Basement, Bedroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 3
- Parking
- 6
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Attic, Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,552 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4800
Utilities
- Heating system
- Natural Gas, Central, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Dry Wall, Vinyl Siding
Listing agent The Realpro Group (401) 432-4223
Listing office Realpro By The Water 2202 Broad Street, Cranston, RI (401) 600-4100
Listing date Jun 10, 2026
MLS# 1415052
Listing URL
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.
HighLights
- Two‑family home built in 2022 with modern interior finishes and an open‑concept layout
- Each unit offers 4 bedrooms and 2 full bathrooms, including a primary suite with en‑suite bath and double closets
- Central heat and central air with forced‑air natural gas heating; insulation in ceiling, floors, and walls
- Kitchens feature shaker‑style cabinetry, quartz countertops, stainless steel appliances, and recessed lighting
- Separate utilities for each unit, plus a rear deck and a double‑sided driveway with garage parking
- Walkout basement provides potential for an ADU or expansion (subject to local approvals)
Overview
172 Baker Street is a two-family home built in 2022, designed with modern, open-concept living in each unit. Both residences offer four bedrooms and two full bathrooms, with shaker-style cabinetry, quartz countertops, stainless steel appliances, recessed lighting, and tiled bathrooms. Each unit includes a primary suite with an en-suite bath and double closets. The property also features central heat and air conditioning, separate utilities, and a rear deck framed by a decorative black iron fence.
A double-sided driveway provides on-site parking, and the home includes a walkout basement that may support an ADU or expansion, subject to local approvals. The property is described as conveniently located minutes from Downtown Providence, major hospitals, I-95, I-195, Route 10, and Roger Williams Park, with zoning identified as R2.
This configuration can be a practical fit for an owner-occupant seeking rental income alongside a second unit, or for an investor evaluating a newer, turnkey multifamily with contemporary finishes. With four-bedroom layouts on both sides and separate utilities already in place, the property offers straightforward day-to-day operation and flexibility for future uses in the walkout basement area, as permitted by local requirements.
A double-sided driveway provides on-site parking, and the home includes a walkout basement that may support an ADU or expansion, subject to local approvals. The property is described as conveniently located minutes from Downtown Providence, major hospitals, I-95, I-195, Route 10, and Roger Williams Park, with zoning identified as R2.
This configuration can be a practical fit for an owner-occupant seeking rental income alongside a second unit, or for an investor evaluating a newer, turnkey multifamily with contemporary finishes. With four-bedroom layouts on both sides and separate utilities already in place, the property offers straightforward day-to-day operation and flexibility for future uses in the walkout basement area, as permitted by local requirements.
Local 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 | $65.8k | $25.80 |
| − Vacancy | −$4.3k | −$1.68 |
| EGI | $61.6k | $24.12 |
| − OpEx | −$18.5k | −$7.24 |
| NOI | $43.1k | $16.89 |
2,552 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.6K
$538.7K – $718.2K
NOI $43,093 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$553.0K
$483.8K – $645.1K
NOI $38,707 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$853.8K
$747.1K – $996.1K
NOI $59,765 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.404278
- Latitude
- 41.792437
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Built in 2022, this two-family offers modern interiors, central heat and air, separate utilities, and a walkout basement.
Where is this duplex located?
The property is located at 172 Baker Street Providence, RI.
What is the asking price?
The asking price for this property is $672,000.
What are key features of this property?
This property features: Two‑family home built in 2022 with modern interior finishes and an open‑concept layout; Each unit offers 4 bedrooms and 2 full bathrooms, including a primary suite with en‑suite bath and double closets; Central heat and central air with forced‑air natural gas heating; insulation in ceiling, floors, and walls
