Two-Family Residential
27 Hillside Avenue Providence, RI 02906
New
For Sale
$595,000
Two updated units with newer heating systems and windows, plus a screened sun porch and private backyard.
Property Size1,716 SF
Price / SF$346.74
Days on Market7
Property Features for 27 Hillside Avenue
General Information
- Standard status
- Active
- Size
- 1,716 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency:
Harbors & Homes RE & Appraisal
(401) 924-2538
Listed By:
Sara Karalekas
Source:
Lockandkeyre
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 27 at 6:42AM
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 Harbors & Homes RE & Appraisal
Investment Insights
Based on property information with market context.
27 Hillside Avenue is a two-family home offering rental income flexibility and update-ready living. Each unit features generously sized bedrooms and a blend of modern updates with classic character. Recent improvements include updated full bathrooms, a kitchen with custom cabinetry, refinished hardwood floors, fresh paint, newer heating systems, and newer windows. The property also offers a private backstairs entrance, screened-in sun porch space, and abundant natural light throughout.
Located on Providence’s East Side, the home is close to The Miriam Hospital and within walking distance to area restaurants, shops, parks, gyms, and local attractions. Outside, the property includes a private, oversized backyard with abundant green space, suitable for entertaining or everyday outdoor enjoyment.
Located on Providence’s East Side, the home is close to The Miriam Hospital and within walking distance to area restaurants, shops, parks, gyms, and local attractions. Outside, the property includes a private, oversized backyard with abundant green space, suitable for entertaining or everyday outdoor enjoyment.
Key Highlights
- Two‑family home built in 1900 on Providence’s East Side
- Updated full bathrooms and a kitchen with custom cabinetry
- Refinished hardwood floors and fresh paint throughout
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.3k | $25.80 |
| − Vacancy | −$2.9k | −$1.68 |
| EGI | $41.4k | $24.12 |
| − OpEx | −$12.4k | −$7.24 |
| NOI | $29.0k | $16.89 |
1,716 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$414.0K
$362.2K – $483.0K
NOI $28,977 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$371.8K
$325.3K – $433.8K
NOI $26,027 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$574.1K
$502.3K – $669.8K
NOI $40,187 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two updated units with newer heating systems and windows, plus a screened sun porch and private backyard.
Where is this duplex located?
The property is located at 27 Hillside Avenue Providence, RI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑family home built in 1900 on Providence’s East Side; Updated full bathrooms and a kitchen with custom cabinetry; Refinished hardwood floors and fresh paint throughout
