Duplex with Townhouse-Style
New
For Sale
$569,000
23 Violet Street, Providence, RI 02908
Residential Income, Providence, RI
Property Size2,387 SF
Lot Size0.09 Acres
Price / SF$238.37
Days on Market5
Property Features for 23 Violet Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 6, Bedroom 10, Bedroom 2, Bedroom 8, Bathroom 3, Basement, Bedroom 3, Bedroom 9, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 4
Parking
8
Parking features
None
Basement
Unfinished, Full
Appliances
Gas Water Heater
Subdivision
Smith Hill
Standard status
Active
Size
2,387 SF
Lot size
0.09 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5951
Utilities
Heating system
Baseboard, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1880
Number of units
2
Flooring type
Laminate, Vinyl
Building materials
Vinyl Siding
Listing Agency:
Century 21 Visionary Group · Century 21 Real Estate
(401) 380-6020
Listed By:
Wil Hernandez · License #RES.0035287
(401) 288-2345
Added: Nov 2
Last Checked: Nov 6 at 11:06AM
MLS# 1427564
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 2,387-square-foot duplex in Providence dates to 1880 and sits on a 0.09-acre lot. The first-floor residence has three bedrooms, an eat-in kitchen, a full bathroom and a living room. Above it, a townhouse-style unit offers up to seven bedrooms and two full bathrooms. The exterior is vinyl-sided, and the windows have been replaced.
The property is near downtown Providence and highway access. Tenants pay their own utilities.
The property is near downtown Providence and highway access. Tenants pay their own utilities.
Key Highlights
- 2,387 square feet on a 0.09‑acre lot
- Built in 1880 with vinyl siding and replacement windows
- First‑floor unit has 3 bedrooms, an eat‑in kitchen, 1 bathroom and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,307
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,140
$806.1K
Cap Rate 7%
$575,814
$575.8K
Cap Rate 9%
$447,856
$447.9K
Market Conditions
NOI Build-Up for 2,387 SF
Gross rent
$61.6K $25.80/SF
− Vacancy
−$4.0K −$1.68/SF
EGI
$57.6K $24.12/SF
− OpEx
−$17.3K −$7.24/SF
NOI
$40.3K $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%
$806,140
Cap Rate 7%
$575,814
Cap Rate 9%
$447,856
Alternative Uses
Best Use
Multifamily LT 5
$575.8K
$503.8K – $671.8K
NOI $40,307 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$798.6K
$698.8K – $931.7K
NOI $55,901 @ 7.0% cap · market cap 9.82%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,538
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
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Occupants are responsible for their own utility costs in this two-unit property.
Where is this duplex located?
The property is located at 23 Violet Street Providence, RI.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,387 square feet on a 0.09‑acre lot; Built in 1880 with vinyl siding and replacement windows; First‑floor unit has 3 bedrooms, an eat‑in kitchen, 1 bathroom and a living room
