Updated Duplex with
For Sale
$509,900
293 Sutton Avenue, East Providence, RI 02914
Two residential units feature wood flooring, basement laundry, updated systems, and a fenced backyard with garage.
Property Size1,534 SF
Price / SF$332.40
Days on Market35
Property Features for 293 Sutton Avenue
General Information
Standard status
Active
Size
1,534 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,467
Amenities
laundry in basement
fenced backyard
garage
Golf, Restaurant
Natural Gas, Baseboard, Forced Air
Exterior Entry, Full, Interior Entry, Unfinished
Gas Water Heater, Refrigerator
Fenced
Detached, Garage
Stacked
Building Details
Building Size
1,534 SF
Year Built
1920
Buildings
2
Stories
2
Listing Agency:
Engel & Volkers Oceanside
Listed By:
W. George Buteau · License #RES.0029448
(401) 339-0090
Source:
Evrealestate
Added: Sep 1
Changed: Oct 3
Last Checked: Oct 4 at 9:35AM
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 Engel & Volkers Oceanside
Investment Insights
Based on property information with market context.
This 1920 two-family property includes two residential units with distinct interior features and flexible living arrangements. The first-floor apartment offers nearly 1,000 square feet, natural light, wood flooring, and an arched transition into the kitchen. The upper unit also has wood floors and may accommodate a third bedroom. Laundry is located in the basement.
Recent updates include the mechanical systems, electrical service, and vinyl siding. The property also provides a fenced backyard and garage for outdoor space, parking, and storage. Located at 293 Sutton Avenue in East Providence, the home is near highways, shopping, dining, and other city amenities.
Recent updates include the mechanical systems, electrical service, and vinyl siding. The property also provides a fenced backyard and garage for outdoor space, parking, and storage. Located at 293 Sutton Avenue in East Providence, the home is near highways, shopping, dining, and other city amenities.
Key Highlights
- Two‑family property built in 1920
- First‑floor unit offers nearly 1,000 square feet
- Upper unit includes potential for a third bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,542
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,840
$510.8K
Cap Rate 7%
$364,886
$364.9K
Cap Rate 9%
$283,800
$283.8K
Market Conditions
NOI Build-Up for 1,534 SF
Gross rent
$39.0K $25.44/SF
− Vacancy
−$2.5K −$1.65/SF
EGI
$36.5K $23.79/SF
− OpEx
−$10.9K −$7.14/SF
NOI
$25.5K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,840
Cap Rate 7%
$364,886
Cap Rate 9%
$283,800
Alternative Uses
Best Use
Multifamily LT 5
$364.9K
$319.3K – $425.7K
NOI $25,542 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,271 @ 7.0% cap · market cap 3.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
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 - Two residential units feature wood flooring, basement laundry, updated systems, and a fenced backyard with garage.
Where is this duplex located?
The property is located at 293 Sutton Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Two‑family property built in 1920; First‑floor unit offers nearly 1,000 square feet; Upper unit includes potential for a third bedroom
