Brand-New Two-Family
19 Newbury Street Providence, RI 02904
19 Newbury Street, Providence, RI, 02904
$729,900
For Sale
$729,900
New construction duplex with two units, each offering three bedrooms and two full bathrooms.
Property Size2,424 SF
Price / SF$301.11
Days on Market155
Property Features for 19 Newbury Street
General Information
- Standard status
- Active
- Size
- 2,424 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 2025
Listing agency
Mateus Realty
Listed by
Luis Mateus
(413) 584-2900
Source
Mapleandmainrealty
Added: Feb 18 Updated: Jul 22 at 11:13AM Checked: Jul 22 at 11:13AM
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 Mateus Realty
Investment Insights
Based on property information with market context.
Brand-new construction two-family duplex with two separate, spacious units. Each unit features three bedrooms and two full bathrooms, including a primary suite with a private master bath. Interiors are designed around an open-concept layout, with a kitchen that includes quartz counters, a peninsula, and stainless steel appliances, flowing into the living and dining areas. Bathrooms include modern fixtures and contemporary finishes throughout.
The property is located at 19 Newbury Street in Providence, Rhode Island 02904. As a newly built residential income property, it is positioned as a low-maintenance option for an owner-occupant or an investor seeking a turn-key multi-family structure with consistent, similar unit layouts.
The property is located at 19 Newbury Street in Providence, Rhode Island 02904. As a newly built residential income property, it is positioned as a low-maintenance option for an owner-occupant or an investor seeking a turn-key multi-family structure with consistent, similar unit layouts.
Key Highlights
- Brand new two‑family duplex (Year Built: 2025) with modern construction
- Each unit features 3 bedrooms and 2 full bathrooms, including a primary suite with private master bath
- Open‑concept living and dining areas in each unit
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 | $62.5k | $25.80 |
| − Vacancy | −$4.1k | −$1.68 |
| EGI | $58.5k | $24.12 |
| − OpEx | −$17.5k | −$7.24 |
| NOI | $40.9k | $16.89 |
2,424 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$811.0K
$709.6K – $946.1K
NOI $56,767 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction duplex with two units, each offering three bedrooms and two full bathrooms.
Where is this duplex located?
The property is located at 19 Newbury Street Providence, RI.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: Brand new two‑family duplex (Year Built: 2025) with modern construction; Each unit features 3 bedrooms and 2 full bathrooms, including a primary suite with private master bath; Open‑concept living and dining areas in each unit
