New Construction Two-Family
272 Sayles Street Providence, RI 02905
272 Sayles Street, Providence, RI, 02905
$699,900
Pending
For Sale
$699,900
Pending
MULTI_FAMILY - Providence, RI
Property Size3,384 SF
Lot Size0.07 Acres
Days on Market197
Property Features for 272 Sayles Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Basement, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2
- Parking
- 4
- Parking features
- None
- Interior features
- Wall (Dry Wall)
- Basement
- Full, Finished
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 3,384 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4445
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
Building Details
- Year built
- 2023
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Vinyl, Tile - Ceramic
- Building materials
- Dry Wall, Vinyl Siding
Listing agency
Circle 100 Real Estate
(401) 336-6083
Listed by
Elvis Santana
(401) 300-0833
Added: Jan 7 Updated: Jul 16 at 3:23PM Checked: Jul 23 at 8:06AM
MLS# 1402749
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.
New construction two-family house, approximately two years old, offering two open-concept, large three-bedroom apartments. Each unit includes granite countertops, stainless steel appliances, and in-built laundry hookups. The property also features central air and a finished basement, providing additional usable space.
Set on a corner lot with plenty of sunlight, the home is located at 272 Sayles Street in Providence, Rhode Island. The listing indicates the property may be delivered furnished.
With two separate residential units and an available finished basement, the layout supports straightforward multifamily occupancy within a single building.
Set on a corner lot with plenty of sunlight, the home is located at 272 Sayles Street in Providence, Rhode Island. The listing indicates the property may be delivered furnished.
With two separate residential units and an available finished basement, the layout supports straightforward multifamily occupancy within a single building.
Key Highlights
- 2023‑built 2‑family house with two open‑concept large 3‑bedroom apartments
- Finished basement included for additional usable space
- Granite countertops and stainless steel appliances in the apartments
Local 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 | $87.3k | $25.80 |
| − Vacancy | −$5.7k | −$1.68 |
| EGI | $81.6k | $24.12 |
| − OpEx | −$24.5k | −$7.24 |
| NOI | $57.1k | $16.89 |
3,384 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$816.3K
$714.3K – $952.4K
NOI $57,143 @ 7.0% cap · market cap 8.16%
Second Best
Apartment 5plus
$733.2K
$641.6K – $855.5K
NOI $51,327 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.13M
$990.6K – $1.32M
NOI $79,249 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New construction two-family residence with two large open-concept three-bedroom units and in-unit laundry hookups.
Where is this duplex located?
The property is located at 272 Sayles 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: 2023‑built 2‑family house with two open‑concept large 3‑bedroom apartments; Finished basement included for additional usable space; Granite countertops and stainless steel appliances in the apartments
