Two-Unit Duplex with Fenced
For Sale
$500,000
Pending
18 Amory St, Providence, RI 02904
Two-bedroom units feature separate gas heating systems and full bathrooms for each household.
Property Size2,646 SF
Lot Size0.11 Acres
Days on Market63
Property Features for 18 Amory St
General Information
Standard status
Pending
Size
2,646 SF
Total Parking Spaces
4
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,622
Amenities
fenced yard
Building Details
Year Built
1930
Buildings
1
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Slocum Home Team · License #38011
(401) 593-1129
Source:
Exprealty
Added: Aug 13
Changed: Oct 6
Last Checked: Oct 13 at 1:28AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located at 18 Amory Street in Providence’s North End, this 2,646-square-foot duplex was built in 1930 and is configured for two households. Each residence includes two bedrooms and one full bathroom, while separate gas heating systems serve the units independently. The property also includes a fenced yard and four off-street parking spaces on a 4,800-square-foot lot.
The home is near I-95, RI Hospital, public and private schools, shopping, and the bus line. Its two-unit layout, dedicated heating systems, and existing parking provide a practical residential income property configuration within Providence.
The home is near I-95, RI Hospital, public and private schools, shopping, and the bus line. Its two-unit layout, dedicated heating systems, and existing parking provide a practical residential income property configuration within Providence.
Key Highlights
- 2,646‑square‑foot duplex built in 1930
- Each unit includes 2 bedrooms and 1 full bath
- Two separate gas heating systems serve the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,681
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,620
$893.6K
Cap Rate 7%
$638,300
$638.3K
Cap Rate 9%
$496,456
$496.5K
Market Conditions
NOI Build-Up for 2,646 SF
Gross rent
$68.3K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$63.8K $24.12/SF
− OpEx
−$19.1K −$7.24/SF
NOI
$44.7K $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%
$893,620
Cap Rate 7%
$638,300
Cap Rate 9%
$496,456
Alternative Uses
Best Use
Multifamily LT 5
$638.3K
$558.5K – $744.7K
NOI $44,681 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$573.3K
$501.7K – $668.9K
NOI $40,133 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$885.2K
$774.6K – $1.03M
NOI $61,966 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
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 - Two-bedroom units feature separate gas heating systems and full bathrooms for each household.
Where is this duplex located?
The property is located at 18 Amory St Providence, RI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,646‑square‑foot duplex built in 1930; Each unit includes 2 bedrooms and 1 full bath; Two separate gas heating systems serve the building
