346 Douglas Avenue Providence, RI 02908
MULTI_FAMILY - Providence, RI
Property Features for 346 Douglas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Basement, Bathroom 2
- Parking
- 2
- Parking features
- None
- Interior features
- Wall (Dry Wall), Plumbing (Mixed)
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 1,704 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4921
Utilities
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Tile - Ceramic, Laminate
- Building materials
- Dry Wall, Vinyl Siding
Listing agent David Zuller (401) 421-5300
Listing office Westcott Properties 178 Broadway, Providence, RI (401) 421-5300
Listing date Jul 7, 2026
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.
The property is located at 346 Douglas Avenue in Providence, RI 02908. Public remarks note convenience to shopping, restaurants, schools, public transportation, and major highways.
For buyers seeking rental flexibility, the layout supports living in one unit while generating rental income from the other. The seller is willing to deliver one unit vacant at closing, which can help an owner-occupant move in while the remaining unit continues to provide income. For investors, the property’s unit configuration and documented updates provide a practical, turnkey-style option.
Key Highlights
- Two‑family home with 4 bedrooms total, plus a basement and two bathrooms
- Each unit has 2 bedrooms and 1 full bathroom
- Recent exterior updates include maintenance‑free vinyl siding and a roof that is 6 years old
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 | $44.0k | $25.80 |
| − Vacancy | −$2.9k | −$1.68 |
| EGI | $41.1k | $24.12 |
| − OpEx | −$12.3k | −$7.24 |
| NOI | $28.8k | $16.89 |
