Two-Story
New
For Sale
$499,999
35 Hymer Street, Providence, RI 02908
Residential Income, Providence, RI
Property Size1,800 SF
Lot Size0.07 Acres
Price / SF$277.78
Days on Market4
Property Features for 35 Hymer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Parking
4
Parking features
None
Interior features
Wall (Dry Wall), Attic, Plumbing (Mixed)
Basement
Full, Unfinished, Storage Space
Appliances
Dryer, Microwave, Refrigerator, Washer
Standard status
Active
Size
1,800 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2926
Tax Annual Amount
3313
Utilities
Heating system
Oil, Baseboard
Water source
Public
Building Details
Year built
1943
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Aluminum Siding, Vinyl Siding
Listing Agency:
Exp Realty
(888) 315-3445
Listed By:
Lizbeth Rivera
(508) 472-0238
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 25 at 7:06AM
MLS# 1426807
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 two-story duplex in Providence contains 1,800 square feet, with four bedrooms and two full bathrooms. Built in 1943, the property sits on a 3,200-square-foot lot, equivalent to 0.0735 acres. Interior features include an attic, and the property has public water service.
Key Highlights
- Duplex with 1,800 square feet across two stories
- Four bedrooms and two full bathrooms
- 3,200‑square‑foot lot (0.0735 acres)
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
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property has a two-level layout and R2 zoning.
Where is this duplex located?
The property is located at 35 Hymer Street 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: Duplex with 1,800 square feet across two stories; Four bedrooms and two full bathrooms; 3,200‑square‑foot lot (0.0735 acres)
