Duplex with Private
For Sale
$629,900
30 Royal Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size2,220 SF
Lot Size0.06 Acres
Price / SF$283.74
Days on Market12
Property Features for 30 Royal Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 5, Bathroom 2, Basement, Bedroom 1
Parking
2
Parking features
None
Window features
Skylight(s)
Interior features
Stairs
Basement
Unfinished, Full
Appliances
Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
Subdivision
Mount Hope
Lot features
Paved Driveway, Sidewalks
Standard status
Active
Size
2,220 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4189
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Baseboard
Building Details
Year built
1880
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Clapboard, Wood
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Stephen Gaskin · License #RES.0048283
(508) 991-0151
Added: Sep 24
Changed: Oct 2
Last Checked: Oct 5 at 6:06PM
MLS# 1423970
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 1880-built duplex contains 2,220 square feet across two apartments. The first-floor residence has a renovated kitchen with maple countertops, hardwood flooring, a tiled bathroom, and in-unit laundry. The upper apartment is arranged across two levels, with an updated kitchen, tiled bathrooms, refinished original floors, skylights, and laundry on the third floor. Both apartments have separate patio areas in the landscaped backyard.
Recent work includes a roof replacement, new windows, insulation improvements, exterior painting, foundation brickwork repairs, porch repairs, and refinishing of the front staircase. Interior details include reclaimed doors and custom woodwork salvaged from a historic Newton mansion. The property is in Providence’s Mount Hope neighborhood, near Frank & Laurie’s, Oak Bake Shop, and neighborhood parks.
Recent work includes a roof replacement, new windows, insulation improvements, exterior painting, foundation brickwork repairs, porch repairs, and refinishing of the front staircase. Interior details include reclaimed doors and custom woodwork salvaged from a historic Newton mansion. The property is in Providence’s Mount Hope neighborhood, near Frank & Laurie’s, Oak Bake Shop, and neighborhood parks.
Key Highlights
- Two apartments, including an upper residence spanning two floors
- 2,220 square feet on a 0.0643‑acre lot
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,487
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$749,740
$749.7K
Cap Rate 7%
$535,529
$535.5K
Cap Rate 9%
$416,522
$416.5K
Market Conditions
NOI Build-Up for 2,220 SF
Gross rent
$57.3K $25.80/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$53.6K $24.12/SF
− OpEx
−$16.1K −$7.24/SF
NOI
$37.5K $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%
$749,740
Cap Rate 7%
$535,529
Cap Rate 9%
$416,522
Alternative Uses
Best Use
Multifamily LT 5
$535.5K
$468.6K – $624.8K
NOI $37,487 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$481.0K
$420.9K – $561.2K
NOI $33,672 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$742.7K
$649.9K – $866.5K
NOI $51,990 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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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 apartments combine updated interiors with dedicated outdoor spaces.
Where is this duplex located?
The property is located at 30 Royal Street Providence, RI.
What is the asking price?
The asking price for this property is $629,900.
What are key features of this property?
This property features: Two apartments, including an upper residence spanning two floors; 2,220 square feet on a 0.0643‑acre lot; Built in 1880
