Two-Unit Residential
21 Washburn Avenue, East Providence, RI 02916
New
MULTI_FAMILY - East Providence, RI
Property size:
2,295 SFLot size:
0.11 AcresPrice / SF:
$272/SF- Added:
- Jun 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 3 at 3:06 am
Property Features for 21 Washburn Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 2, Basement, Bedroom 5, Bathroom 1
- Parking
- 4
- Parking features
- Garage
- Patio and Porch features
- Deck
- Exterior features
- Deck
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 2,295 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7541
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Tile - Ceramic
- Building materials
- Vinyl Siding
Listing agent Michelle Savastano License #REB.0016954 (401) 255-5530
Listing office Broadway Real Estate Group 335 Broadway, Providence, RI (401) 354-7969
Listing date Jun 2, 2026
MLS# 1414278
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 home built in 1920 in the Rumford neighborhood of East Providence
- Both units include double parlors, eat‑in kitchens, and hardwood flooring
- Kitchens feature stainless steel appliances and granite countertops
- Off‑street parking, fenced backyard, and a deck
- Shared basement laundry and a gas forced‑air heating system
- Unit 1 delivered vacant at closing
Overview
This beautifully maintained two-family duplex offers two spacious, sun-filled units designed for comfortable living and straightforward rental appeal. Each home features classic double parlors, eat-in kitchens with stainless steel appliances and granite countertops, and gleaming hardwood flooring throughout. The property also includes recent upgrades that add modern comfort while preserving the home’s established character. Outside, enjoy a fenced-in backyard, along with off-street parking. Shared laundry in the basement adds day-to-day convenience for tenants or an owner-occupant.
Located in the Rumford neighborhood of East Providence at 21 Washburn Avenue, the home is positioned near shopping, dining, and highways, making it practical for daily access. The property sits on a 0.11-acre lot and is listed under R3 zoning.
This duplex is well suited to an owner-occupant looking to offset expenses while living in one unit, or an investor seeking a two-unit income property with an immediate transition plan. Unit 1 is to be delivered vacant at closing, providing flexibility for occupancy or rental setup right away, while Unit 2 offers continuity as part of the existing rental configuration.
Located in the Rumford neighborhood of East Providence at 21 Washburn Avenue, the home is positioned near shopping, dining, and highways, making it practical for daily access. The property sits on a 0.11-acre lot and is listed under R3 zoning.
This duplex is well suited to an owner-occupant looking to offset expenses while living in one unit, or an investor seeking a two-unit income property with an immediate transition plan. Unit 1 is to be delivered vacant at closing, providing flexibility for occupancy or rental setup right away, while Unit 2 offers continuity as part of the existing rental configuration.
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 | $58.4k | $25.44 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $54.6k | $23.79 |
| − OpEx | −$16.4k | −$7.14 |
| NOI | $38.2k | $16.65 |
2,295 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$545.9K
$477.7K – $636.9K
NOI $38,213 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$433.2K
$379.1K – $505.5K
NOI $30,327 @ 7.0% cap · market cap 4.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- East Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.359122
- Latitude
- 41.837931
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-kept two-family with sun-filled interiors, fenced yard, off-street parking, and shared basement laundry.
Where is this duplex located?
The property is located at 21 Washburn Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑family home built in 1920 in the Rumford neighborhood of East Providence; Both units include double parlors, eat‑in kitchens, and hardwood flooring; Kitchens feature stainless steel appliances and granite countertops
