Duplex with Finished
294 Admiral Street, Providence, RI 02908
For Sale
$524,900
A two-family property with a finished lower level, kitchen, full bathroom, and off-street parking.
Property Size2,257 SF
Price / SF$232.57
Days on Market62
Property Features for 294 Admiral Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Valeria Kharchenko · License RI RES.0049791
(832) 655-3814
Source:
Pooleproperties
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 9 at 5:37PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
Built in 1940, this 2,257-square-foot duplex is configured as a two-family property. The residence has updated bathrooms, a vinyl exterior, and parking off the street. Its finished basement adds a kitchen and a full bathroom, providing additional finished space without assuming any particular use or approval status.
The property is a short drive from Providence College, downtown Providence, retail and dining options, and major commuter routes.
The property is a short drive from Providence College, downtown Providence, retail and dining options, and major commuter routes.
Key Highlights
- Two‑family duplex with 2,257 square feet
- Finished basement with kitchen and full bathroom
- Updated bathrooms and vinyl exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,112
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$762,240
$762.2K
Cap Rate 7%
$544,457
$544.5K
Cap Rate 9%
$423,467
$423.5K
Market Conditions
NOI Build-Up for 2,257 SF
Gross rent
$58.2K $25.80/SF
− Vacancy
−$3.8K −$1.68/SF
EGI
$54.4K $24.12/SF
− OpEx
−$16.3K −$7.24/SF
NOI
$38.1K $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%
$762,240
Cap Rate 7%
$544,457
Cap Rate 9%
$423,467
Alternative Uses
Best Use
Multifamily LT 5
$544.5K
$476.4K – $635.2K
NOI $38,112 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$489.0K
$427.9K – $570.6K
NOI $34,233 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$755.1K
$660.7K – $880.9K
NOI $52,856 @ 7.0% cap · market cap 10.07%
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
1,129
Businesses Nearby
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Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
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Market
Average Price Trend$/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 - A two-family property with a finished lower level, kitchen, full bathroom, and off-street parking.
Where is this duplex located?
The property is located at 294 Admiral Street Providence, RI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two‑family duplex with 2,257 square feet; Finished basement with kitchen and full bathroom; Updated bathrooms and vinyl exterior
