Two-Unit Residential
New
For Sale
$499,999
35 Hymer, Providence, RI 02908
The two-story layout contains four bedrooms and two full bathrooms across a 3,200-square-foot lot.
Property Size1,800 SF
Lot Size0.07 Acres
Price / SF$277.78
Days on Market2
Property Features for 35 Hymer
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
4
Lot size
0.07 Acres
Property subtype
Residential Income
Zoning
R2
Site & Location
Neighborhood
Elmhurst
Taxes and HOA fees
Annual Taxes
$3,313
Building Details
Building Size
1,800 SF
Year Built
1943
Stories
2
Listing Agency:
eXp Realty LLC
Listed By:
Lizbeth Rivera
(508) 472-0238
Source:
Laerrealty
Added: Oct 24
Last Checked: Oct 24 at 1:28PM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This two-unit residential duplex was built in 1943 and rises two stories. Its 1,800 square feet include four bedrooms and two full bathrooms, with the layout arranged across the property’s two levels.
The parcel contains 3,200 square feet and is located at 35 Hymer in Providence, Rhode Island.
The parcel contains 3,200 square feet and is located at 35 Hymer in Providence, Rhode Island.
Key Highlights
- Two‑unit duplex
- 1,800 square feet of building area
- Two stories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,395
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,900
$607.9K
Cap Rate 7%
$434,214
$434.2K
Cap Rate 9%
$337,722
$337.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$43.4K $24.12/SF
− OpEx
−$13.0K −$7.24/SF
NOI
$30.4K $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%
$607,900
Cap Rate 7%
$434,214
Cap Rate 9%
$337,722
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,395 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$390.0K
$341.3K – $455.0K
NOI $27,301 @ 7.0% cap · market cap 5.46%
Theoretical Best
Office A
$602.2K
$526.9K – $702.6K
NOI $42,154 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
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Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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 - The two-story layout contains four bedrooms and two full bathrooms across a 3,200-square-foot lot.
Where is this duplex located?
The property is located at 35 Hymer Providence, RI.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two‑unit duplex; 1,800 square feet of building area; Two stories
