Duplex with Refreshed Second
New
For Sale
$579,900
1915 Smith Street, North Providence, RI 02911
Residential Income, North Providence, RI
Property Size2,108 SF
Lot Size0.14 Acres
Price / SF$275.09
Days on Market2
Property Features for 1915 Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 4, Bedroom 1
Parking
2
Parking features
None
Interior features
Wall (Dry Wall), Wall (Plaster), Attic, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Subdivision
Centerdale
Lot features
Corner Lot, Fenced, Paved Driveway
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
Steam, Natural Gas
Amenities
spacious yard
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Laminate, Hardwood
Building materials
Dry Wall, Plaster, Vinyl Siding
Listing Agency:
Re/Max Professionals · RE/MAX International
(401) 884-6050
Listed By:
Nelson Esteves · License #RES.0029681
(401) 440-0080
Added: Oct 5
Last Checked: Oct 6 at 12:06AM
MLS# 1425127
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 2,108-square-foot duplex at 1915 Smith Street has two residences on a 0.143-acre lot. The first-floor unit offers three bedrooms and two bathrooms, along with a living room and newer kitchen; it is occupied by month-to-month tenants. The second-floor unit has two bedrooms and one bathroom and is vacant. Recent work there includes fresh paint, an updated bathroom, refinished hardwood flooring, and new appliances.
Built in 1900, the property also has a yard and is near schools, shops, and restaurants.
Built in 1900, the property also has a yard and is near schools, shops, and restaurants.
Key Highlights
- Two‑family property with 2,108 square feet on a 0.143‑acre lot
- First‑floor residence has 3 bedrooms and 2 bathrooms and is rented month to month
- Vacant second‑floor residence has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,099
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,980
$702.0K
Cap Rate 7%
$501,414
$501.4K
Cap Rate 9%
$389,989
$390.0K
Market Conditions
NOI Build-Up for 2,108 SF
Gross rent
$53.6K $25.44/SF
− Vacancy
−$3.5K −$1.65/SF
EGI
$50.1K $23.79/SF
− OpEx
−$15.0K −$7.14/SF
NOI
$35.1K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,980
Cap Rate 7%
$501,414
Cap Rate 9%
$389,989
Alternative Uses
Best Use
Multifamily LT 5
$501.4K
$438.7K – $585.0K
NOI $35,099 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$397.9K
$348.2K – $464.3K
NOI $27,856 @ 7.0% cap · market cap 4.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The upper residence is vacant, with a renovated bathroom, refinished hardwood floors, and new appliances.
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 $579,900.
What are key features of this property?
This property features: Two‑family property with 2,108 square feet on a 0.143‑acre lot; First‑floor residence has 3 bedrooms and 2 bathrooms and is rented month to month; Vacant second‑floor residence has 2 bedrooms and 1 bathroom
