Two-Family Townhouse-Style
341 LLoyd Avenue Providence, RI 02906
341 LLoyd Avenue, Providence, RI, 02906
$939,900
For Sale
$939,900
MULTI_FAMILY - Providence, RI
Property Size3,400 SF
Lot Size0.09 Acres
Price / SF$276.44
Days on Market47
Property Features for 341 LLoyd Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RI
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 3, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 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
- Unfinished, Storage Space, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 8832
Utilities
- Heating system
- Natural Gas, Central, Steam
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood, Pine
- Building materials
- Dry Wall, Plaster, Clapboard, Wood
Listing Agency
Patriot Realty, Inc.
(401) 578-7898
105 Medway Street, Greenville, RI
Listed by
Ed Kazarian
(401) 578-7898
Added: Jun 2 Checked: Jul 18 at 4:06 am
MLS# 1414046
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.
Investment Insights
Based on property information with market context.
This exceptional two-family property offers a distinctive, townhouse-style configuration with character features throughout. The building includes a spacious first-floor unit with two full bathrooms, and an upper unit that is currently utilized as two separate living spaces. There are three full bathrooms total, with wood flooring featured across all three floors and exposed brick walls adding visual warmth and texture. A large front porch is accessed through a custom sliding door from the living room, and the third-floor loft space features an open floor plan with cathedral ceilings. The third-floor area could support a home office, guest suite, or a potential additional unit depending on how it’s ultimately permitted and configured. Outdoor space includes a yard area, along with a convenient dog run.
Situated in a prime East Side location in Providence, the home is positioned near Brown University and Moses Brown School. The property’s separate entrance to the second-floor unit supports independent access and can be advantageous for owner-occupants and renters alike.
For buyers, this layout is well suited to someone looking to offset expenses while keeping flexibility for multiple living arrangements, work-from-home use, or guest accommodation. Investors may find the separate access and multi-level flexibility appealing for managing a two-family setup with varied space usage over time.
Situated in a prime East Side location in Providence, the home is positioned near Brown University and Moses Brown School. The property’s separate entrance to the second-floor unit supports independent access and can be advantageous for owner-occupants and renters alike.
For buyers, this layout is well suited to someone looking to offset expenses while keeping flexibility for multiple living arrangements, work-from-home use, or guest accommodation. Investors may find the separate access and multi-level flexibility appealing for managing a two-family setup with varied space usage over time.
Key Highlights
- 2‑family home built in 1900 with separate entrance to the 2nd‑floor unit
- First‑floor unit features 2 full bathrooms and wood flooring throughout
- 2nd/3rd‑floor townhouse unit is approx. 2000 SF with 3 full bathrooms and wood flooring
Local Financial Insights For Multifamily LT 5
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 | $87.7k | $25.80 |
| − Vacancy | −$5.7k | −$1.68 |
| EGI | $82.0k | $24.12 |
| − OpEx | −$24.6k | −$7.24 |
| NOI | $57.4k | $16.89 |
3,400 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$820.2K
$717.7K – $956.9K
NOI $57,413 @ 7.0% cap · market cap 6.11%
Second Best
Apartment 5plus
$736.7K
$644.6K – $859.5K
NOI $51,569 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.14M
$995.3K – $1.33M
NOI $79,624 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Distinct entrances and multi-level layout offer flexible living options near Brown University and Moses Brown School.
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 $939,900.
What are key features of this property?
This property features: 2‑family home built in 1900 with separate entrance to the 2nd‑floor unit; First‑floor unit features 2 full bathrooms and wood flooring throughout; 2nd/3rd‑floor townhouse unit is approx. 2000 SF with 3 full bathrooms and wood flooring
