New Construction
For Sale
$699,900
27 carter Street, Providence, RI 02907
Residential Income, Providence, RI
Property Size2,200 SF
Lot Size0.09 Acres
Price / SF$318.14
Days on Market18
Property Features for 27 carter Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 6, Basement, Bedroom 3, Bathroom 1
Parking
4
Parking features
None
Interior features
Wall (Dry Wall), Plumbing (PEX), Insulation (Walls)
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Refrigerator, Gas Water Heater
Standard status
Active
Size
2,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
Re/Max Preferred · RE/MAX International
(401) 353-2200
Listed By:
The Mercurio Group
(401) 699-6666
Added: Sep 18
Changed: Sep 29
Last Checked: Oct 5 at 4:06PM
MLS# 1423705
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.
Investment Insights
Based on property information with market context.
Located at 27 Carter Street in Providence, this under-construction duplex is designed as a two-family property with approximately 2,200 square feet. Each residence is planned with three bedrooms, one full bathroom, a living area, kitchen, in-unit laundry, gas heating, central air conditioning, and contemporary plank flooring. Tile flooring and tiled tub and shower surrounds are specified for the bathrooms.
Construction is approximately 70% complete, with kitchen cabinetry selected and the opportunity for additional finish choices before completion. The property includes blown-in wall insulation, vinyl siding, PEX plumbing, a gas water heater, dishwasher, dryer, and refrigerator. The basement is roughed out for a potential ADU, subject to applicable approvals and permitting. The home is situated on a 0.0895-acre lot and is identified as a 2026 construction project.
Construction is approximately 70% complete, with kitchen cabinetry selected and the opportunity for additional finish choices before completion. The property includes blown-in wall insulation, vinyl siding, PEX plumbing, a gas water heater, dishwasher, dryer, and refrigerator. The basement is roughed out for a potential ADU, subject to applicable approvals and permitting. The home is situated on a 0.0895-acre lot and is identified as a 2026 construction project.
Key Highlights
- Two‑family duplex with approximately 2,200 square feet
- Each unit is planned with 3 bedrooms and 1 full bathroom
- Approximately 70% complete and currently under construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,149
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$742,980
$743.0K
Cap Rate 7%
$530,700
$530.7K
Cap Rate 9%
$412,767
$412.8K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$56.8K $25.80/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$53.1K $24.12/SF
− OpEx
−$15.9K −$7.24/SF
NOI
$37.1K $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%
$742,980
Cap Rate 7%
$530,700
Cap Rate 9%
$412,767
Alternative Uses
Best Use
Multifamily LT 5
$530.7K
$464.4K – $619.2K
NOI $37,149 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$476.7K
$417.1K – $556.1K
NOI $33,368 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$736.0K
$644.0K – $858.7K
NOI $51,521 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two contemporary units offer three-bedroom layouts, central air, in-unit laundry, and new kitchens with modern finishes.
Where is this duplex located?
The property is located at 27 carter Street Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family duplex with approximately 2,200 square feet; Each unit is planned with 3 bedrooms and 1 full bathroom; Approximately 70% complete and currently under construction
