New-Construction
291 Amherst Street, Providence, RI 02909
For Sale
New
$729,999
Residential Income, Providence, RI
Property Size2,650 SF
Lot Size0.08 Acres
Price / SF$275.47
Days on Market4
Property Features for 291 Amherst Street
General Information
Property type
Property subtype
Property condition
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Patio and Porch features
Exterior features
Basement
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Utilities
Heating system
Cooling system
Amenities
in-unit laundry
private entrances
trex decks
Building Details
Year built
Number of units
Flooring type
Building materials
Listing Agency:
Bhhs Commonwealth Real Estate · Berkshire Hathaway HomeServices
(401) 886-6100
Listed By:
Filomena Piccolino Johnston · License RI RES.0049878
(401) 440-3538
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 1428214
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.
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Investment Insights
Based on property information with market context.
Under construction for 2026, this 2,650-square-foot duplex contains two residences, each with four bedrooms, two tile bathrooms, and in-unit laundry. Hardwood flooring, quartz counters, stainless steel appliances, and custom millwork are specified for the interiors. Each unit has its own entrance and deck. The building is planned with vinyl siding, central air, and natural gas forced-air heat.
The lower level provides storage and room for possible future expansion. The property occupies a 0.0848-acre lot in Providence.
The lower level provides storage and room for possible future expansion. The property occupies a 0.0848-acre lot in Providence.
Key Highlights
- Two residences, each with 4 bedrooms and 2 bathrooms
- 2,650 square feet on a 0.0848‑acre lot
- Under construction with a 2026 year built
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.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
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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
$283,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature private entries, in-unit laundry, and individual decks.
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 residences, each with 4 bedrooms and 2 bathrooms; 2,650 square feet on a 0.0848‑acre lot; Under construction with a 2026 year built
