Two-Unit Duplex with New
2 Young Avenue, Providence, RI 02908
For Sale
New
$475,000
Residential Income, Providence, RI
Property Size2,750 SF
Lot Size0.06 Acres
Price / SF$172.73
Days on Market2
Property Features for 2 Young Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Basement
Appliances
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Number of units
Building materials
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License RI REB.0019335
(508) 726-3492
Added: Nov 9
Last Checked: Nov 10 at 12:06AM
MLS# 1428165
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two units totaling 1,924 square feet. The first apartment has two bedrooms and one full bathroom; the second has four bedrooms and two full bathrooms. Vinyl siding, a gas water heater, and baseboard heating are listed among the property features. The roof was replaced in 2024, and the building dates to 1900.
The property occupies a 0.06-acre lot at 2 Young Avenue in Providence. No parking is designated for the property.
The property occupies a 0.06-acre lot at 2 Young Avenue in Providence. No parking is designated for the property.
Key Highlights
- Two units: one with 2 bedrooms and 1 full bath, the other with 4 bedrooms and 2 full baths
- 1,924 square feet of living area
- Roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,711
Cap Rate
8.78%
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 9.78%
Second Best
Apartment 5plus
$595.9K
$521.4K – $695.2K
NOI $41,711 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$920.0K
$805.0K – $1.07M
NOI $64,402 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments combine for six bedrooms and three full bathrooms, with a gas water heater and no designated parking.
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 $475,000.
What are key features of this property?
This property features: Two units: one with 2 bedrooms and 1 full bath, the other with 4 bedrooms and 2 full baths; 1,924 square feet of living area; Roof installed in 2024
