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    Two-Family Residential Income Property Title is generated by Realmo AI

    1915 Smith Street, North Providence, RI 02911

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    Claim this Listing
    New
    For Sale
    $589,900

    MULTI_FAMILY - North Providence, RI

    Property size:
    2,108 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $279/SF
    Added:
    Jun 11, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 11 at 9:06 pm

    Property Features for 1915 Smith Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 4, Basement
    Parking
    2
    Parking features
    Garage
    Interior features
    Wall (Dry Wall), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
    Basement
    Full, Unfinished
    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
    2026
    Tax Annual Amount
    1

    Utilities

    Heating system
    Natural Gas, Steam

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Tile - Ceramic, Hardwood, Laminate
    Building materials
    Dry Wall, Plaster, Vinyl Siding

    We can help!

    Listing Contact
    Nelson Esteves
    Nelson Esteves

    Listing agent Nelson Esteves License #RES.0029681

    Listing office Re/Max Professionals 655 Main Street, East Greenwich, RI

    Listing date Jun 11, 2026

    MLS# 1415120 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.

    HighLights

    • Two‑family home built in 1900 with 5 bedrooms and 3 full baths across the first and second floors
    • First floor offers 3 bedrooms and 2 baths with a spacious living room
    • Second floor includes 2 bedrooms and 1 bath
    • Newer kitchen; appliances include gas water heater, oven/range, and refrigerator
    • Heating includes natural gas steam; interior features include attic and mixed plumbing
    • Vinyl siding with laminate, tile‑ceramic, and hardwood flooring; garage parking and spacious yard with potential for more parking

    Overview

    This two-family home offers two separate living spaces. The first floor features three bedrooms and two bathrooms, along with a spacious living room and a newer kitchen. The second floor includes two bedrooms and one bathroom, providing a separate, self-contained layout.

    The property includes a spacious yard and two parking spaces, with the possibility of creating additional parking. It is conveniently located near schools, shopping, restaurants, and other everyday amenities. Please note that showings are limited due to the first-floor tenant’s situation.

    For buyers seeking a residential income property, the current month-to-month tenancy can appeal to those looking for an operating setup without a fixed lease term. With distinct unit configurations on separate floors, the home may also suit owners interested in managing two rental spaces within one asset. Parking and outdoor space add practicality for residents, while the overall layout supports two distinct household arrangements.

    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 $53.6k $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 (±1% cap)
    NOI $35,099 @ 7.0% cap · market cap 5.95%
    Second Best
    Apartment 5plus
    $397.9K
    $348.2K – $464.3K (±1% cap)
    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 Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.479571
    Latitude
    41.856234

    FAQs

    What type of property is this?
    Duplex - Well-configured two-family home with month-to-month tenants, providing dual-unit rental flexibility and convenient daily access.
    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 5 bedrooms and 3 full baths across the first and second floors; First floor offers 3 bedrooms and 2 baths with a spacious living room; Second floor includes 2 bedrooms and 1 bath
    More about this property
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