Mixed-Use Two-Family
1854 Smith Street North Providence, RI 02911
1854 Smith Street, North Providence, RI, 02911
$449,900
Pending
For Sale
$449,900
Pending
MULTI_FAMILY - North Providence, RI
Property Size2,100 SF
Lot Size0.22 Acres
Days on Market337
Property Features for 1854 Smith Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Parking
- 1
- Interior features
- Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
- Basement
- Unfinished, Full
- Standard status
- Pending
- Size
- 2,100 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6000
Utilities
- Heating system
- Natural Gas, Central, Steam
Building Details
- Year built
- 1922
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Dry Wall, Masonry
Listing Agency
Neighborhood Realty
(401) 453-2268
1862 Smith Street, NORTH PROVIDENCE, RI
Listed by
Steve Conti
(401) 453-2268
Added: Aug 16, 2025 Checked: Jul 18 at 5:06 am
MLS# 1392786
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.
Investment Insights
Based on property information with market context.
This mixed-use two-family property is configured with a first-floor space currently set up as a dog salon, with flexibility noted in the listing for retail, office use, or conversion to a residential apartment. The second floor is a two-bedroom layout with hardwood floors and a dining and living room.
The home is sited on a 0.22-acre lot. The listing notes that the lot may be possible to split with zoning approval to create a separate buildable lot. Updates include a new roof less than three years old, the home has just been painted, and lead certification is provided for the two-bedroom apartment. An oversized one-car garage is also included.
Overall, the property offers two separate residential units, along with a first-floor space that can be adapted based on a buyer’s intended use.
The home is sited on a 0.22-acre lot. The listing notes that the lot may be possible to split with zoning approval to create a separate buildable lot. Updates include a new roof less than three years old, the home has just been painted, and lead certification is provided for the two-bedroom apartment. An oversized one-car garage is also included.
Overall, the property offers two separate residential units, along with a first-floor space that can be adapted based on a buyer’s intended use.
Key Highlights
- Mixed‑use 2‑family: 1st floor set up as a dog salon that can be used for retail, office, or converted to a residential unit
- 2nd floor features a 2‑bedroom layout with hardwood floors and living and dining rooms
- New roof less than 3 years old; home has just been painted; lead certification for the 2‑bed apartment is provided
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 | $53.4k | $25.44 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $50.0k | $23.79 |
| − OpEx | −$15.0k | −$7.14 |
| NOI | $35.0k | $16.65 |
2,100 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$499.5K
$437.1K – $582.8K
NOI $34,966 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$396.4K
$346.9K – $462.5K
NOI $27,750 @ 7.0% cap · market cap 6.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family property with a dog salon setup on the first floor and a two-bedroom unit with hardwood floors above.
Where is this duplex located?
The property is located at 1854 Smith Street North Providence, RI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Mixed‑use 2‑family: 1st floor set up as a dog salon that can be used for retail, office, or converted to a residential unit; 2nd floor features a 2‑bedroom layout with hardwood floors and living and dining rooms; New roof less than 3 years old; home has just been painted; lead certification for the 2‑bed apartment is provided
