Two-Family Duplex with
New
For Sale
$479,900
21 Denison Street, Providence, RI 02904
Residential Income, Providence, RI
Property Size1,784 SF
Lot Size0.09 Acres
Price / SF$269
Days on Market1
Property Features for 21 Denison Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3
Parking
4
Interior features
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Unfinished
Appliances
Dryer, Oven, Range, Refrigerator, Washer
Standard status
Active
Size
1,784 SF
Lot size
0.09 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3150
Utilities
Heating system
Natural Gas, Steam, Baseboard
Amenities
fireplace
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Carpet, Hardwood
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Broadway Real Estate Group
(401) 354-7969
Listed By:
Doug Jeffrey
(401) 255-5530
Added: Oct 26
Last Checked: Oct 26 at 12:06PM
MLS# 1426941
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.
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Investment Insights
Based on property information with market context.
This 1,784-square-foot duplex dates to 1920 and sits on a 0.09-acre lot. Separate utilities serve the two residences. The property also includes a detached two-car garage, an outdoor fireplace, and replacement windows throughout. Roofing on both the home and garage was replaced within the last five years. Heating is listed as natural gas, steam, and baseboard.
At 21 Denison Street in Providence, the property offers access to I-95, along with shopping and restaurants nearby. The site may accommodate an ADU, contingent on local zoning and municipal approvals.
At 21 Denison Street in Providence, the property offers access to I-95, along with shopping and restaurants nearby. The site may accommodate an ADU, contingent on local zoning and municipal approvals.
Key Highlights
- Two‑family duplex with 1,784 square feet of building area
- Separate utilities for the residences
- 0.09‑acre lot with a detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,125
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,500
$602.5K
Cap Rate 7%
$430,357
$430.4K
Cap Rate 9%
$334,722
$334.7K
Market Conditions
NOI Build-Up for 1,784 SF
Gross rent
$46.0K $25.80/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$43.0K $24.12/SF
− OpEx
−$12.9K −$7.24/SF
NOI
$30.1K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,500
Cap Rate 7%
$430,357
Cap Rate 9%
$334,722
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,125 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$596.8K
$522.2K – $696.3K
NOI $41,779 @ 7.0% cap · market cap 8.71%
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
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utilities serve both residences, with a detached garage and recent roof and window improvements.
Where is this duplex located?
The property is located at 21 Denison Street Providence, RI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Two‑family duplex with 1,784 square feet of building area; Separate utilities for the residences; 0.09‑acre lot with a detached two‑car garage
