Two-Unit Duplex with New
For Sale
$499,000
2 Young Ave, Providence, RI 02908
Two- and four-bedroom layouts provide varied residential configurations within this Providence property.
Property Size2,750 SF
Price / SF$181.45
Days on Market86
Property Features for 2 Young Ave
General Information
Standard status
Active
Size
2,750 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1900
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Alpernandmesenbourg
Added: Jul 21
Changed: Oct 9
Last Checked: Oct 7 at 1:09PM
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.
Located at 2 Young Ave in Providence, RI 02908, this duplex contains two residential units with distinct bedroom and bath configurations. One unit offers 2 bedrooms and 1 full bath, while the other includes 4 bedrooms and 2 full baths. The property was built in 1900 and provides a mix of smaller and larger living arrangements within the same building.
A new roof was installed in 2024. The address places the property in Providence, Rhode Island, with the source information identifying access to local amenities, schools, and public transportation as part of its surrounding context.
A new roof was installed in 2024. The address places the property in Providence, Rhode Island, with the source information identifying access to local amenities, schools, and public transportation as part of its surrounding context.
Key Highlights
- Two‑unit duplex at 2 Young Ave, Providence, RI 02908
- Unit mix includes 2 bedrooms and 1 full bath, plus 4 bedrooms and 2 full baths
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,711
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,220
$834.2K
Cap Rate 7%
$595,871
$595.9K
Cap Rate 9%
$463,456
$463.5K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$80.9K $29.40/SF
− Vacancy
−$5.0K −$1.82/SF
EGI
$75.8K $27.58/SF
− OpEx
−$34.1K −$12.41/SF
NOI
$41.7K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,220
Cap Rate 7%
$595,871
Cap Rate 9%
$463,456
Alternative Uses
Best Use
Multifamily LT 5
$663.4K
$580.5K – $774.0K
NOI $46,437 @ 7.0% cap · market cap 9.31%
Second Best
Apartment 5plus
$595.9K
$521.4K – $695.2K
NOI $41,711 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,402 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two- and four-bedroom layouts provide varied residential configurations within this Providence property.
Where is this duplex located?
The property is located at 2 Young Ave Providence, RI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit duplex at 2 Young Ave, Providence, RI 02908; Unit mix includes 2 bedrooms and 1 full bath, plus 4 bedrooms and 2 full baths; New roof installed in 2024
