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Two-Family Duplex with Finished Basement

216 Ocean Street, Providence, RI 02905

For Sale
$550,000

Finished lower-level space includes an in-law setup.

Property Size5,060 SF
Price / SF$108.70
Days on Market118

Property Features for 216 Ocean Street

General Information

Standard status Active
Size 5,060 SF
Total Parking Spaces 8
Property subtype Multi Family Home

Site & Location

Neighborhood Lower South Providence
Highway Access Yes

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,230

Building Details

Building Size 5,060 SF
Year Built 1942
Buildings 1
Stories 2
Units 3
Listing Agency: Keller Williams Leading Edge
Listed By: Elizabeth Jimenez
Source: Caldwellrealtyri
Added: Jul 16 Changed: Nov 7 Last Checked: Nov 9 at 2:58PM

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 Keller Williams Leading Edge

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Investment Insights

Based on property information with market context.

Built in 1942, this two-family property includes a finished basement configured with an in-law setup. The layout supports separate household use within one residence.

At 216 Ocean Street in Providence, the property offers access to major highways, hospitals, medical offices, shopping, parks, and Downtown Providence.

Key Highlights

  • Two‑family property with a finished basement and in‑law setup
  • Located at 216 Ocean Street in Providence
  • Access to major highways, hospitals, medical offices, shopping, parks, and Downtown Providence

Property Analytics

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Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,455
Businesses Nearby

Demographics for 02905, RI

26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Providence, RI

$259 Jul
$259 Aug
$257 Sep
$263 Oct

Properties on Market for Duplexes in Providence

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Finished lower-level space includes an in-law setup.
Where is this duplex located?
The property is located at 216 Ocean Street Providence, RI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑family property with a finished basement and in‑law setup; Located at 216 Ocean Street in Providence; Access to major highways, hospitals, medical offices, shopping, parks, and Downtown Providence
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