2-Unit Duplex with Private
New
For Sale
$729,999
291 Amherst Street, Providence, RI 02909
Residential Income, Providence, RI
Property Size2,650 SF
Lot Size0.08 Acres
Price / SF$275.47
Days on Market7
Property Features for 291 Amherst Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 4, Bedroom 5, Basement, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 8, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 4
Parking
2
Parking features
None
Patio and Porch features
Porch, Deck
Exterior features
Deck, Porch
Basement
Unfinished, Full
Standard status
Active
Size
2,650 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Vinyl Siding
Listing Agency:
Bhhs Commonwealth Real Estate · Berkshire Hathaway HomeServices
(401) 886-6100
Listed By:
Filomena Piccolino Johnston · License #RES.0049878
(401) 440-3538
Added: Oct 7
Changed: Oct 11
Last Checked: Oct 13 at 3:06PM
MLS# 1425351
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.
This two-unit duplex is under construction at 291 Amherst Street in Providence. Each residence is designed with four bedrooms, two bathrooms, a kitchen, and an open living and dining area. The building is planned at 2,650 square feet on a 0.0848-acre lot, with a full basement that includes separate mechanical and storage areas.
Private entrances serve both units, with a porch at the front and a deck at the rear. The property is listed with a 2026 year built and vinyl siding.
Private entrances serve both units, with a porch at the front and a deck at the rear. The property is listed with a 2026 year built and vinyl siding.
Key Highlights
- Two residential units, each with 4 bedrooms and 2 bathrooms
- 2,650‑square‑foot building on a 0.0848‑acre lot
- Full basement with separate mechanical and storage areas
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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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
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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, an open living area, and its own kitchen.
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‑foot building on a 0.0848‑acre lot; Full basement with separate mechanical and storage areas
