Two-Family Duplex with Townhouse
For Sale
$525,000
329 Plainfield Street, Providence, RI 02909
Residential Income, Providence, RI
Property Size2,955 SF
Lot Size0.07 Acres
Price / SF$177.66
Days on Market48
Property Features for 329 Plainfield Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 7, Bedroom 3, Bathroom 2, Bedroom 6, Basement, Bedroom 4, Bathroom 3
Parking
4
Parking features
None
Basement
Full, Unfinished
Appliances
Electric Water Heater
Standard status
Active
Size
2,955 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1940
Number of units
2
Flooring type
Laminate, Tile - Ceramic
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Aug 19
Changed: Sep 24
Last Checked: Oct 5 at 6:06PM
MLS# 1420915
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 2,955-square-foot duplex, built in 1940, contains two separate residences. The first-floor unit includes three bedrooms and one full bathroom. Above it, a townhouse-style residence offers four bedrooms, two full bathrooms, and spacious living areas. Vinyl siding, laminate and ceramic tile flooring, forced-air heat, natural gas service, and an electric water heater are among the documented property features. The lot encompasses 0.07 acres.
The property is located at 329 Plainfield Street in Providence, near Silver Lake and Olneyville. Route 6, Route 10, I-95, and I-195 provide regional connectivity, while Downtown Providence, Federal Hill, the West End, healthcare facilities, colleges, parks, RIPTA transportation, restaurants, grocery stores, markets, and neighborhood businesses are nearby. T.F. Green Airport is approximately 15 minutes away.
The property is located at 329 Plainfield Street in Providence, near Silver Lake and Olneyville. Route 6, Route 10, I-95, and I-195 provide regional connectivity, while Downtown Providence, Federal Hill, the West End, healthcare facilities, colleges, parks, RIPTA transportation, restaurants, grocery stores, markets, and neighborhood businesses are nearby. T.F. Green Airport is approximately 15 minutes away.
Key Highlights
- 2,955‑square‑foot duplex on a 0.07‑acre lot
- First‑floor residence with 3 bedrooms and 1 full bathroom
- Townhouse‑style second‑floor unit with 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,820
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,400
$896.4K
Cap Rate 7%
$640,286
$640.3K
Cap Rate 9%
$498,000
$498.0K
Market Conditions
NOI Build-Up for 2,955 SF
Gross rent
$86.9K $29.40/SF
− Vacancy
−$5.4K −$1.82/SF
EGI
$81.5K $27.58/SF
− OpEx
−$36.7K −$12.41/SF
NOI
$44.8K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,400
Cap Rate 7%
$640,286
Cap Rate 9%
$498,000
Alternative Uses
Best Use
Multifamily LT 5
$712.8K
$623.7K – $831.6K
NOI $49,898 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$640.3K
$560.3K – $747.0K
NOI $44,820 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$988.6K
$865.0K – $1.15M
NOI $69,203 @ 7.0% cap · market cap 13.18%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,188
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 - Well-maintained duplex with separate residences, flexible layouts, and convenient access to Providence amenities and major routes.
Where is this duplex located?
The property is located at 329 Plainfield Street Providence, RI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,955‑square‑foot duplex on a 0.07‑acre lot; First‑floor residence with 3 bedrooms and 1 full bathroom; Townhouse‑style second‑floor unit with 4 bedrooms and 2 full bathrooms
