Updated Two-Family
346 Douglas Avenue Providence, RI 02908
346 Douglas Avenue, Providence, RI, 02908
$549,900
For Sale
$549,900
MULTI_FAMILY - Providence, RI
Property Size1,704 SF
Lot Size0.05 Acres
Price / SF$322.71
Days on Market10
Property Features for 346 Douglas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 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, Laminate, Tile - Ceramic
- Building materials
- Dry Wall, Vinyl Siding
Listing Agency
Westcott Properties
(401) 421-5300
178 Broadway, Providence, RI
Listed by
David Zuller
(401) 421-5300
Added: Jul 7 Checked: Jul 16 at 5:06 pm
MLS# 1417142
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 well-maintained two-family home includes two separate units, each with two bedrooms and one full bathroom. Updates include modern kitchens and refreshed bathrooms across both units, supporting comfortable, move-in ready living. Recent exterior improvements feature maintenance-free vinyl siding, along with a roof that is approximately six years old.
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.
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 flexible setup: seller will deliver one unit vacant at closing
- Each unit features 2 bedrooms and 1 full bathroom
- Updated interiors with modern kitchens and refreshed bathrooms
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 |
1,704 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.1K
$359.7K – $479.6K
NOI $28,774 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$369.2K
$323.1K – $430.8K
NOI $25,845 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$570.1K
$498.8K – $665.1K
NOI $39,906 @ 7.0% cap · market cap 7.26%
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 - Two updated 2-bedroom, 1-bath units offer flexible ownership with income potential and low exterior maintenance.
Where is this duplex located?
The property is located at 346 Douglas Avenue Providence, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑family home with flexible setup: seller will deliver one unit vacant at closing; Each unit features 2 bedrooms and 1 full bathroom; Updated interiors with modern kitchens and refreshed bathrooms
