Providence Duplex with Fenced
190 Manton Avenue Providence, RI 02909
190 Manton Avenue, Providence, RI, 02909
$425,000
For Sale
$425,000
Two-unit duplex with three bedrooms, near transportation and amenities.
Property Size2,048 SF
Price / SF$207.52
Days on Market145
Property Features for 190 Manton Avenue
General Information
- Standard status
- Active
- Size
- 2,048 SF
- Property subtype
- Residential Income / Multi Family
Building Details
- Year Built
- 1870
Listing Agency
Innovations Realty
(401) 414-7414
Listed by
Renato De Lima · License #1000420
(401) 414-7414
Source
Compass
Added: Feb 21 Checked: Jul 16 at 6:01 am
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 Innovations Realty
Investment Insights
Based on property information with market context.
This two-unit duplex is located in Providence. Each unit features three bedrooms and one full bathroom. The property includes a fenced-in backyard with a deck. It is conveniently located near a main highway, bus routes, shopping, and dining options. The property is suitable for families or investors seeking rental opportunities. It is also FHA approved, making it suitable for first-time homebuyers. The property size is 2048 square feet.
Key Highlights
- Two Units: Ideal for multi‑generational living or rental income.
- FHA Approved: Excellent opportunity for first‑time homebuyers.
- Seller Financing Available: Provides flexible financing options.
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 | $52.8k | $25.80 |
| − Vacancy | −$3.4k | −$1.68 |
| EGI | $49.4k | $24.12 |
| − OpEx | −$14.8k | −$7.24 |
| NOI | $34.6k | $16.89 |
2,048 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$494.0K
$432.3K – $576.4K
NOI $34,583 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$443.8K
$388.3K – $517.7K
NOI $31,063 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$685.2K
$599.5K – $799.4K
NOI $47,962 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex with three bedrooms, near transportation and amenities.
Where is this duplex located?
The property is located at 190 Manton Avenue Providence, RI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two Units: Ideal for multi‑generational living or rental income.; FHA Approved: Excellent opportunity for first‑time homebuyers.; Seller Financing Available: Provides flexible financing options.
