Two-Unit Duplex with
For Sale
$669,900
Pending
26 Alice Street, East Providence, RI 02914
Both residences offer three bedrooms, with a finished basement and unfinished attic adding shared utility.
Property Size3,595 SF
Days on Market55
Property Features for 26 Alice Street
General Information
Standard status
Pending
Size
3,595 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,246
Building Details
Building Size
3,595 SF
Year Built
1920
Buildings
1
Listing Agency:
RE/MAX Impact
Listed By:
Gerson Ferreira · License #RES.0049263
(508) 933-1760
Source:
Jameshallrealestate
Added: Sep 4
Changed: Oct 27
Last Checked: Oct 27 at 3:32AM
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 RE/MAX Impact
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit duplex in East Providence has three bedrooms in each residence. Additional space includes a finished basement and an unfinished attic. The property also has two garages and parking for up to four cars; the roof was three years old at the time of the listing.
Key Highlights
- Two units, each with three bedrooms
- Finished basement and unfinished attic
- Two garages and parking for up to four cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,858
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,160
$1.2M
Cap Rate 7%
$855,114
$855.1K
Cap Rate 9%
$665,089
$665.1K
Market Conditions
NOI Build-Up for 3,595 SF
Gross rent
$91.5K $25.44/SF
− Vacancy
−$5.9K −$1.65/SF
EGI
$85.5K $23.79/SF
− OpEx
−$25.7K −$7.14/SF
NOI
$59.9K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,197,160
Cap Rate 7%
$855,114
Cap Rate 9%
$665,089
Alternative Uses
Best Use
Multifamily LT 5
$855.1K
$748.2K – $997.6K
NOI $59,858 @ 7.0% cap · market cap 8.94%
Second Best
Apartment 5plus
$678.7K
$593.8K – $791.8K
NOI $47,506 @ 7.0% cap · market cap 7.09%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms, with a finished basement and unfinished attic adding shared utility.
Where is this duplex located?
The property is located at 26 Alice Street East Providence, RI.
What is the asking price?
The asking price for this property is $669,900.
What are key features of this property?
This property features: Two units, each with three bedrooms; Finished basement and unfinished attic; Two garages and parking for up to four cars
