Duplex with Solar
New
For Sale
$449,000
30 Victoria Street, Providence, RI 02909
Both apartments have one bedroom and a full bathroom, with interior updates in each unit.
Property Size1,232 SF
Price / SF$364.45
Days on Market4
Property Features for 30 Victoria Street
General Information
Standard status
Active
Size
1,232 SF
Property subtype
MultiFamily
Site & Location
Neighborhood
Mount Pleasant
Highway Access
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
hard-wired security cameras
solar panels
off-street parking
Building Details
Year Built
1982
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 3:37PM
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 Century 21 Limitless
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Investment Insights
Based on property information with market context.
Built in 1982, this Providence duplex contains two apartments, each configured with one bedroom and one full bathroom. The building totals 1,232 square feet. Updates include newer flooring in both units; the second apartment also has updated appliances, cabinets, and countertops. Each unit has a newer hot water tank, with one tank identified as two years old.
Paid-off solar panels, hard-wired security cameras on all four sides, and off-street parking are additional property features.
Paid-off solar panels, hard-wired security cameras on all four sides, and off-street parking are additional property features.
Key Highlights
- Two apartments, each with 1 bedroom and 1 full bathroom
- 1,232‑square‑foot duplex built in 1982
- Paid‑off solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,804
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,080
$416.1K
Cap Rate 7%
$297,200
$297.2K
Cap Rate 9%
$231,156
$231.2K
Market Conditions
NOI Build-Up for 1,232 SF
Gross rent
$31.8K $25.80/SF
− Vacancy
−$2.1K −$1.68/SF
EGI
$29.7K $24.12/SF
− OpEx
−$8.9K −$7.24/SF
NOI
$20.8K $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%
$416,080
Cap Rate 7%
$297,200
Cap Rate 9%
$231,156
Alternative Uses
Best Use
Multifamily LT 5
$297.2K
$260.1K – $346.7K
NOI $20,804 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$266.9K
$233.6K – $311.4K
NOI $18,686 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$412.2K
$360.7K – $480.9K
NOI $28,852 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
490
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
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have one bedroom and a full bathroom, with interior updates in each unit.
Where is this duplex located?
The property is located at 30 Victoria Street Providence, RI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two apartments, each with 1 bedroom and 1 full bathroom; 1,232‑square‑foot duplex built in 1982; Paid‑off solar panels
