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Two-Family Townhouse-Style Duplex
For Sale
$895,000

241 Pleasant Street, Providence, RI 02906

Updated two-family featuring a maintained first-floor apartment and a two-level townhouse-style second unit with in-unit laundry.

Property SizeContact for details
Days on Market60

Property Features for 241 Pleasant Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

Fireplace
Oil
Steam
Window Unit(s)
Dryer
Dishwasher
Microwave
Oven
Range
Refrigerator
Water Heater
Washer
Sewer Connected

Building Details

Year Built 1930
Stories 4
Listing Agency: Compass
Listed By: Jonathan Kaufman · License #RES.0044773
Source: Kw
Added: Jul 14 Changed: Sep 10 Last Checked: Sep 11 at 12:59PM

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 Compass

Investment Insights

Based on property information with market context.

241 Pleasant Street in Providence, RI 02906 offers a well-updated two-family configuration with an extensively improved interior and building systems. The first floor is a maintained apartment, while the expansive second unit is townhouse style and spans two levels. The overall layout includes six bedrooms and two full bathrooms, and both units include in-unit laundry.

Updates called out include new plumbing, electrical, siding, and full lead compliance, supporting a turnkey ownership experience. The property is described as being just moments from Hope Village and the Hope Street Farmers Market, with neighborhood cafés, restaurants, and local shops nearby.

The owner remarks also note a projected cap rate in excess of 7%, positioning this duplex as an option for buyers seeking both residence flexibility and income potential.

Key Highlights

  • Two‑family built in 1930 with an updated first‑floor apartment and a two‑level townhouse‑style second unit
  • Six bedrooms and two full bathrooms total, with the second unit spanning two levels
  • In‑unit laundry included

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Auto Parts Store Storage Facility Plumbing Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,184
Businesses Nearby

Demographics for 02906, RI

25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Updated two-family featuring a maintained first-floor apartment and a two-level townhouse-style second unit with in-unit laundry.
Where is this duplex located?
The property is located at 241 Pleasant Street Providence, RI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two‑family built in 1930 with an updated first‑floor apartment and a two‑level townhouse‑style second unit; Six bedrooms and two full bathrooms total, with the second unit spanning two levels; In‑unit laundry included
More about this property
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