275 Carpenter Street Providence, RI 02909
MULTI_FAMILY - Providence, RI
Property Features for 275 Carpenter Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 7
- Interior features
- Insulation (Unknown)
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 1,968 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7432
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
Listing agent Melissa Riley License #RES.0033799 (401) 421-5300
Listing office Westcott Properties 178 Broadway, Providence, RI (401) 421-5300
Listing date Jun 18, 2026
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.
The property is located at 275 Carpenter Street in Providence, Rhode Island 02909. The remarks indicate the home is on the West Side and is just moments from local restaurants, nightlife destinations, and area attractions.
For buyers looking to own a duplex-style residential income asset, the configuration of two self-contained units with in-unit laundry can support day-to-day convenience and tenant appeal. The presence of off-street parking is an additional practical feature for occupants, making this property a straightforward fit for owner-occupants or investors seeking a well-maintained two-family setup.
Key Highlights
- Two‑family home with renovated units and ample off‑street parking
- Each unit offers 1–2 bedrooms, spacious kitchens, living rooms, and bathrooms
- Units include their own washer and dryer
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 | $50.8k | $25.80 |
| − Vacancy | −$3.3k | −$1.68 |
| EGI | $47.5k | $24.12 |
| − OpEx | −$14.2k | −$7.24 |
| NOI | $33.2k | $16.89 |
