Two-Unit
New
For Sale
$729,999
291 Amherst Street, Providence, RI 02909
Each residence has four bedrooms, two bathrooms, and an open living area.
Property Size2,650 SF
Price / SF$275.47
Days on Market7
Property Features for 291 Amherst Street
General Information
Standard status
Active
Size
2,650 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
BHHS Commonwealth Real Estate
(401) 886-6100
Listed By:
Filomena Piccolino Johnston · License #RES.0049878
(401) 440-3538
Source:
Lockandkeyre
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:34PM
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 BHHS Commonwealth Real Estate
Investment Insights
Based on property information with market context.
Built in 2026, this 2,650-square-foot duplex contains two residential units. Each has four bedrooms, two bathrooms, a kitchen, and an open living and dining area. The property also includes a full basement with separate mechanical and storage areas.
Architectural plans depict private entrances for each unit, along with a front porch and rear deck. The property is located in Providence, with shopping, dining, transportation, local amenities, and major routes noted nearby.
Architectural plans depict private entrances for each unit, along with a front porch and rear deck. The property is located in Providence, with shopping, dining, transportation, local amenities, and major routes noted nearby.
Key Highlights
- Two residential units, each with 4 bedrooms and 2 bathrooms
- 2,650 square feet
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,748
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,960
$895.0K
Cap Rate 7%
$639,257
$639.3K
Cap Rate 9%
$497,200
$497.2K
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$68.4K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$63.9K $24.12/SF
− OpEx
−$19.2K −$7.24/SF
NOI
$44.7K $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%
$894,960
Cap Rate 7%
$639,257
Cap Rate 9%
$497,200
Alternative Uses
Best Use
Multifamily LT 5
$639.3K
$559.4K – $745.8K
NOI $44,748 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$574.2K
$502.4K – $669.9K
NOI $40,194 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$886.6K
$775.8K – $1.03M
NOI $62,060 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has four bedrooms, two bathrooms, and an open living area.
Where is this duplex located?
The property is located at 291 Amherst Street Providence, RI.
What is the asking price?
The asking price for this property is $729,999.
What are key features of this property?
This property features: Two residential units, each with 4 bedrooms and 2 bathrooms; 2,650 square feet; Built in 2026
