Two-Family Residential
1915 Smith Street North Providence, RI 02911
For Sale
$589,900
MULTI_FAMILY - North Providence, RI
Property Size2,108 SF
Lot Size0.14 Acres
Price / SF$279.84
Days on Market47
Property Features for 1915 Smith Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Basement, Bedroom 1, Bathroom 1
- Parking
- 2
- Parking features
- None
- Interior features
- Wall (Dry Wall), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,108 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6170
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Re/Max Professionals
(401) 884-6050
Listed By:
Nelson Esteves · License #RES.0029681
(401) 440-0080
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 27 at 4:06AM
MLS# 1415120
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 two-family residential income property features two separate units within a single home. The first-floor unit offers 3 bedrooms and 2 bathrooms, along with a spacious living room and a newer kitchen. The second-floor unit includes 2 bedrooms and 1 bathroom. The property is currently rented with month-to-month tenants.
Set on a spacious yard, the home also includes two parking spaces, with the possibility of creating additional parking. The location is described as convenient to schools, shopping, restaurants, and other daily conveniences.
Overall, the configuration provides two distinct living spaces and functional outdoor and parking areas for tenant use.
Set on a spacious yard, the home also includes two parking spaces, with the possibility of creating additional parking. The location is described as convenient to schools, shopping, restaurants, and other daily conveniences.
Overall, the configuration provides two distinct living spaces and functional outdoor and parking areas for tenant use.
Key Highlights
- Two‑family home built in 1900 with 3 bedrooms and 2 baths on the first floor and 2 bedrooms and 1 bath on the second floor
- Currently rented with month‑to‑month tenants
- Spacious yard with two parking spaces, with possibility of creating more parking
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 | $53.6k | $25.44 |
| − Vacancy | −$3.5k | −$1.65 |
| EGI | $50.1k | $23.79 |
| − OpEx | −$15.0k | −$7.14 |
| NOI | $35.1k | $16.65 |
2,108 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$397.9K
$348.2K – $464.3K
NOI $27,856 @ 7.0% cap · market cap 4.72%
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
FAQs
What type of property is this?
Duplex - Two-family home with first-floor and second-floor units, currently rented on month-to-month terms.
Where is this duplex located?
The property is located at 1915 Smith Street North Providence, RI.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Two‑family home built in 1900 with 3 bedrooms and 2 baths on the first floor and 2 bedrooms and 1 bath on the second floor; Currently rented with month‑to‑month tenants; Spacious yard with two parking spaces, with possibility of creating more parking
