Renovated Duplex with Townhouse
New
For Sale
$699,000
236 Vermont Avenue, Providence, RI 02905
Separate finished-basement access and parking for up to five vehicles add practical flexibility.
Property Size3,843 SF
Price / SF$181.89
Days on Market4
Property Features for 236 Vermont Avenue
General Information
Standard status
Active
Size
3,843 SF
Total Parking Spaces
5
Property subtype
MultiFamily
Site & Location
Neighborhood
Washington Park
Building Details
Year Built
1920
Stories
2
Listing Agency:
Innovations Realty
(401) 414-7414
Listed By:
The Hiraldo Group
(401) 451-2422
Source:
Lockandkeyre
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 2:06PM
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 Innovations Realty
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Investment Insights
Based on property information with market context.
This 1920 duplex has two distinct residential layouts. The renovated first floor offers three bedrooms and an open kitchen, while the second floor is arranged in townhouse style with five bedrooms and two full bathrooms. A finished basement with its own entrance can serve as office or additional living space, and the property accommodates up to five vehicles. The roof is less than two years old.
Key Highlights
- First‑floor unit renovated with three bedrooms and an open kitchen
- Townhouse‑style second floor with five bedrooms and two full bathrooms
- Finished basement has separate access and can be used as office or additional living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,289
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,780
$1.2M
Cap Rate 7%
$832,700
$832.7K
Cap Rate 9%
$647,656
$647.7K
Market Conditions
NOI Build-Up for 3,843 SF
Gross rent
$113.0K $29.40/SF
− Vacancy
−$7.0K −$1.82/SF
EGI
$106.0K $27.58/SF
− OpEx
−$47.7K −$12.41/SF
NOI
$58.3K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,165,780
Cap Rate 7%
$832,700
Cap Rate 9%
$647,656
Alternative Uses
Best Use
Multifamily LT 5
$927.0K
$811.2K – $1.08M
NOI $64,893 @ 7.0% cap · market cap 9.28%
Second Best
Apartment 5plus
$832.7K
$728.6K – $971.5K
NOI $58,289 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,999 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate finished-basement access and parking for up to five vehicles add practical flexibility.
Where is this duplex located?
The property is located at 236 Vermont Avenue Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: First‑floor unit renovated with three bedrooms and an open kitchen; Townhouse‑style second floor with five bedrooms and two full bathrooms; Finished basement has separate access and can be used as office or additional living space
