Two-Unit Residential Income
2 Young Avenue Providence, RI 02908
For Sale
$508,000
Two-unit multifamily with a 2024 roof and layouts spanning 2 and 4 bedrooms.
Property Size1,924 SF
Price / SF$264.03
Days on Market32
Property Features for 2 Young Avenue
General Information
- Standard status
- Active
- Size
- 1,924 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing Agency:
Century 21 Limitless
(508) 726-3492
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Source:
Liongatere
Added: Jun 26
Changed: Jul 25
Last Checked: Jul 26 at 5:17PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This two-unit residential income property includes two separate living units. The first unit offers 2 bedrooms and 1 full bath, and the second unit includes 4 bedrooms and 2 full baths.
The property is located at 2 Young Avenue in Providence, Rhode Island. Public remarks note easy access to local amenities, schools, and public transport.
A new roof was installed in 2024. The combined building size is reported as 1,924 square feet, offering substantial living space across both units.
The property is located at 2 Young Avenue in Providence, Rhode Island. Public remarks note easy access to local amenities, schools, and public transport.
A new roof was installed in 2024. The combined building size is reported as 1,924 square feet, offering substantial living space across both units.
Key Highlights
- Two‑unit multifamily at 2 Young Avenue, Providence, RI
- Year built: 1900
- Total 1,924 sqft with Unit 1: 2 bedrooms and 1 full bath
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 | $49.6k | $25.80 |
| − Vacancy | −$3.2k | −$1.68 |
| EGI | $46.4k | $24.12 |
| − OpEx | −$13.9k | −$7.24 |
| NOI | $32.5k | $16.89 |
1,924 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$464.1K
$406.1K – $541.5K
NOI $32,489 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$416.9K
$364.8K – $486.4K
NOI $29,182 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$643.7K
$563.2K – $751.0K
NOI $45,058 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit multifamily with a 2024 roof and layouts spanning 2 and 4 bedrooms.
Where is this duplex located?
The property is located at 2 Young Avenue Providence, RI.
What is the asking price?
The asking price for this property is $508,000.
What are key features of this property?
This property features: Two‑unit multifamily at 2 Young Avenue, Providence, RI; Year built: 1900; Total 1,924 sqft with Unit 1: 2 bedrooms and 1 full bath
