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    Two-Family Home in Providence, RI Title is generated by Realmo AI

    200 Salina Street, Providence, RI 02908

    View on Map
    Claim this Listing
    Pending
    $399,000

    MULTI_FAMILY - Providence, RI

    Property size:
    1,822 SF
    Lot size:
    0.09 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 12 at 10:06 am

    Property Features for 200 Salina Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Basement, Bathroom 1, Bedroom 3
    Parking
    4
    Parking features
    Garage
    Basement
    Partially Finished, Full
    Standard status
    Pending
    Size
    1,822 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3031

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1940
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Emmanuel Correa

    Listing agent Emmanuel Correa License #449596914

    Listing office Century 21 Visionary Group 969 Waterman Avenue, Suite 3, East Providence, RI

    Listing date Apr 21, 2026

    MLS# 1410113 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 property ideal for owner‑occupants or investors.
    • Potential for finished basement unit to increase living space and income.
    • Convenient location near schools, parks, shopping, dining, and highway access.
    • Separate units provide privacy and convenience with potential for steady cash flow.
    • Functional layouts with ample natural light and practical floor plans.
    • Low‑maintenance exterior with manageable lot.

    Overview

    Located at 200 Salina Street in Providence, RI 02908, this well-maintained two-family property offers flexibility and investment potential. Each unit features a functional layout with comfortable living space, ample natural light, and practical floor plans. The property is suitable for owner-occupants looking to offset their mortgage with rental income, or investors seeking a strong addition to their portfolio. The separate units provide privacy and convenience, with potential for steady cash flow. There is also potential for a finished basement unit, adding additional living space and increased income opportunities. The property is conveniently located near schools, parks, shopping, dining, and highway access, offering easy commuting and access to Providence. The exterior includes a manageable lot with space for outdoor enjoyment and low-maintenance living. The property size is 1822 square feet and the lot size is 0.092 acres.

    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 $47.0k $25.80
    − Vacancy −$3.1k −$1.68
    EGI $44.0k $24.12
    − OpEx −$13.2k −$7.24
    NOI $30.8k $16.89
    1,822 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $439.5K
    $384.6K – $512.8K (±1% cap)
    NOI $30,766 @ 7.0% cap · market cap 7.71%
    Second Best
    Apartment 5plus
    $394.8K
    $345.4K – $460.6K (±1% cap)
    NOI $27,635 @ 7.0% cap · market cap 6.93%
    Theoretical Best
    Office A
    $609.6K
    $533.4K – $711.2K (±1% cap)
    NOI $42,669 @ 7.0% cap · market cap 10.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.425773
    Latitude
    41.847714

    FAQs

    What type of property is this?
    Duplex - Well-maintained two-family property with investment potential in a desirable location.
    Where is this duplex located?
    The property is located at 200 Salina Street Providence, RI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Two‑family property ideal for owner‑occupants or investors.; Potential for finished basement unit to increase living space and income.; Convenient location near schools, parks, shopping, dining, and highway access.
    More about this property
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