Two-Unit Residential Income
28 Benedict Street Providence, RI 02907
New
28 Benedict Street, Providence, RI, 02907
$649,900
For Sale
$649,900
Two-family home with multiple bedrooms per unit plus finished attic and finished basement for added living space.
Property Size2,768 SF
Price / SF$234.79
Days on Market6
Property Features for 28 Benedict Street
General Information
- Standard status
- Active
- Size
- 2,768 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2000
Listing Agency
Century 21 AllPoints Realty
(401) 521-9490
Listed by
Gustavo Sanchez
Source
Lockandkeyre
Added: Jul 14 Checked: Jul 19 at 4:22 am
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 Century 21 AllPoints Realty
Investment Insights
Based on property information with market context.
This two-family residential income property features two separate units with living areas, kitchens, full baths, and three bedrooms per unit. The first floor also includes a TV room, and the home provides additional finished space with a finished attic and finished basement. Exterior improvements include vinyl siding.
The property is described as having plenty of parking and easy access to the freeway.
Overall, the layout is designed to support comfortable in-unit living with expanded finished areas beyond the main floors.
The property is described as having plenty of parking and easy access to the freeway.
Overall, the layout is designed to support comfortable in-unit living with expanded finished areas beyond the main floors.
Key Highlights
- Two‑family home built in 2000 in Providence
- Each unit includes living area, kitchen, full bath, and 3 bedrooms
- 1st‑floor unit layout includes a TV room
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 | $71.4k | $25.80 |
| − Vacancy | −$4.6k | −$1.68 |
| EGI | $66.8k | $24.12 |
| − OpEx | −$20.0k | −$7.24 |
| NOI | $46.7k | $16.89 |
2,768 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$667.7K
$584.3K – $779.0K
NOI $46,741 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$599.8K
$524.8K – $699.7K
NOI $41,984 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$926.0K
$810.3K – $1.08M
NOI $64,823 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home with multiple bedrooms per unit plus finished attic and finished basement for added living space.
Where is this duplex located?
The property is located at 28 Benedict Street Providence, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑family home built in 2000 in Providence; Each unit includes living area, kitchen, full bath, and 3 bedrooms; 1st‑floor unit layout includes a TV room
