Duplex with Separate
For Sale
$899,900
Pending
341 LLoyd Avenue, Providence, RI 02906
Residential Income, Providence, RI
Property Size3,400 SF
Lot Size0.09 Acres
Days on Market138
Property Features for 341 LLoyd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RI
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bedroom 5, Bathroom 2, Basement, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4, Bedroom 3
Parking
3
Parking features
None
Window features
Insulated Windows
Interior features
Wall (Dry Wall), Wall (Plaster), Cathedral Ceilings, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
Fireplace
1
Basement
Storage Space, Full, Unfinished
Appliances
Gas Water Heater
Subdivision
Moses Brown
Lot features
Fenced, Paved Driveway
Standard status
Pending
Size
3,400 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8832
Utilities
Heating system
Steam, Central, Natural Gas
Water source
Public
Amenities
front porch
backyard
dog run
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile - Ceramic, Pine
Building materials
Dry Wall, Plaster, Clapboard, Wood
Listing Agency:
Patriot Realty, Inc.
Listed By:
Ed Kazarian
(401) 578-7898
Added: Jun 2
Changed: Oct 16
Last Checked: Oct 17 at 11:06PM
MLS# 1414046
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.
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Investment Insights
Based on property information with market context.
This 3,400-square-foot duplex, built in 1900, contains a first-floor residence and a separate second-floor unit with its own entrance. The upper residence extends across the second and third floors and includes an open loft-style area with cathedral ceilings. Across the building, the interiors feature hardwood, pine, and ceramic tile flooring, exposed brick walls, and multiple full bathrooms. A gas water heater, natural gas heating, public water, and a fireplace are also included.
The 0.0918-acre property includes front porches, a rear yard, and a dog run. It is located on Lloyd Avenue in Providence’s East Side, near Brown University and Moses Brown School. The property is identified with RI zoning and has no on-site parking.
The 0.0918-acre property includes front porches, a rear yard, and a dog run. It is located on Lloyd Avenue in Providence’s East Side, near Brown University and Moses Brown School. The property is identified with RI zoning and has no on-site parking.
Key Highlights
- 3,400 square feet across a two‑unit residential building
- 0.0918‑acre lot on Lloyd Avenue in Providence
- Separate entrance serves the second‑floor residence
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
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with hardwood floors, multiple full bathrooms, porches, and additional outdoor space.
Where is this duplex located?
The property is located at 341 LLoyd Avenue 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: 3,400 square feet across a two‑unit residential building; 0.0918‑acre lot on Lloyd Avenue in Providence; Separate entrance serves the second‑floor residence
