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    Two-Family Home with Off-Street Parking Title is generated by Realmo AI

    33 wood Street, Providence, RI 02907

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    Claim this Listing
    New
    For Sale
    $620,000

    MULTI_FAMILY - Providence, RI

    Property size:
    2,274 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $272/SF
    Added:
    Jun 23, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 23 at 1:06 pm

    Property Features for 33 wood Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-3
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 3, Basement, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 6
    Parking
    4
    Parking features
    Garage
    Basement
    Partially Finished, Full
    Appliances
    Gas Water Heater, Oven/Range, Refrigerator
    Standard status
    Active
    Size
    2,274 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4405

    Utilities

    Heating system
    Natural Gas, Baseboard
    Water source
    Public

    Building Details

    Year built
    1860
    Number of units
    2
    Flooring type
    Hardwood, Laminate
    Building materials
    Vinyl Siding

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    Listing Contact
    Jean Feliciano

    Listing agent Jean Feliciano

    Listing office Century 21 Visionary Group 969 Waterman Avenue, Suite 3, East Providence, RI

    Listing date Jun 23, 2026

    MLS# 1416100 Listing URL

    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.

    HighLights

    • 2‑family home with first‑floor 2BD/1 full bath unit and townhouse‑style upper floors with 5 rooms, 1 full bath, and 1 half bath
    • Built in 1860 with vinyl siding construction
    • Natural gas heat with baseboard heating
    • Hardwood and laminate flooring
    • Public water supply
    • Includes gas water heater, oven/range, and refrigerator; off‑street parking with a garage

    Overview

    This two-family home offers a practical live-and-rent layout across two floors. The first-floor unit includes 2 bedrooms and 1 full bath. The upper portion is arranged in a townhouse-style configuration across the second and third floors and features 5 rooms, 1 full bath, and 1 half bath. The property includes off-street parking, providing convenient day-to-day access for residents or tenants.

    Located in Providence with R-3 zoning, the home is described as having convenient access to highways, schools, shopping, and local amenities. The listing also notes that the purchase is subject to the seller finding suitable housing.

    For owner-occupants, the configuration allows one unit to be lived in while renting the other. For investors, the property presents two separate residential units under one roof, with an upper level that combines multiple rooms and both a full and half bath. With the opportunity to make personal touches, this may appeal to buyers looking for a manageable, two-family setup in a convenient Providence area.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $66.9k $29.40
    − Vacancy −$4.1k −$1.82
    EGI $62.7k $27.58
    − OpEx −$28.2k −$12.41
    NOI $34.5k $15.17
    2,274 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $492.7K
    $431.1K – $574.9K (±1% cap)
    NOI $34,491 @ 7.0% cap · market cap 5.56%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $760.8K
    $665.7K – $887.6K (±1% cap)
    NOI $53,254 @ 7.0% cap · market cap 8.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.432906
    Latitude
    41.812857

    FAQs

    What type of property is this?
    Multifamily property - Two-unit Providence property with townhouse-style upper level, off-street parking, and R-3 zoning.
    Where is this multifamily property located?
    The property is located at 33 wood Street Providence, RI.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: 2‑family home with first‑floor 2BD/1 full bath unit and townhouse‑style upper floors with 5 rooms, 1 full bath, and 1 half bath; Built in 1860 with vinyl siding construction; Natural gas heat with baseboard heating
    More about this property
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