Duplex with Separate Upper
For Sale
$899,900
341 Lloyd Ave, Providence, RI 02906
Three-story property with wood floors, exposed brick, porches, and an outdoor dog run.
Property Size3,400 SF
Price / SF$264.68
Days on Market90
Property Features for 341 Lloyd Ave
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multi-Family
Amenities
front porch
back yard area
dog run
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Patriot Realty, Inc.
Listed By:
Ed Kazarian
(401) 578-7898
Source:
Alpernandmesenbourg
Added: Jul 16
Changed: Oct 3
Last Checked: Oct 7 at 4:40PM
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 Patriot Realty, Inc.
Investment Insights
Based on property information with market context.
This 3,400-square-foot duplex, built in 1900, includes a first-floor residence with two full bathrooms and a separate entrance serving the upper unit. The second- and third-floor townhouse measures 2,000 square feet and is currently arranged as two living areas with three full bathrooms. Wood flooring and exposed brick extend throughout all three levels. The top floor features a loft-style open plan with cathedral ceilings, while a custom sliding door connects the living room to a spacious front porch.
Outdoor features include front porches, a rear yard area, and a dog run. The property is located on Lloyd Avenue in Providence’s East Side, near Brown University and Moses Brown School.
Outdoor features include front porches, a rear yard area, and a dog run. The property is located on Lloyd Avenue in Providence’s East Side, near Brown University and Moses Brown School.
Key Highlights
- Duplex with separate entrance to the upper residence
- 3,400‑square‑foot building constructed in 1900
- 2,000sf townhouse spans the 2nd and 3rd floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,413
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,148,260
$1.1M
Cap Rate 7%
$820,186
$820.2K
Cap Rate 9%
$637,922
$637.9K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$87.7K $25.80/SF
− Vacancy
−$5.7K −$1.68/SF
EGI
$82.0K $24.12/SF
− OpEx
−$24.6K −$7.24/SF
NOI
$57.4K $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%
$1,148,260
Cap Rate 7%
$820,186
Cap Rate 9%
$637,922
Alternative Uses
Best Use
Multifamily LT 5
$820.2K
$717.7K – $956.9K
NOI $57,413 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$736.7K
$644.6K – $859.5K
NOI $51,569 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.14M
$995.3K – $1.33M
NOI $79,624 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,264
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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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 - Three-story property with wood floors, exposed brick, porches, and an outdoor dog run.
Where is this duplex located?
The property is located at 341 Lloyd Ave Providence, RI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Duplex with separate entrance to the upper residence; 3,400‑square‑foot building constructed in 1900; 2,000sf townhouse spans the 2nd and 3rd floors
