Two-Family Duplex with
35 Winona Street, Providence, RI 02908
For Sale
New
$599,000
Two separate lots combine with a two-car garage and a two-unit home in Providence’s Elmhurst neighborhood.
Property Size2,900 SF
Lot Size0.22 Acres
Price / SF$206.55
Days on Market6
Property Features for 35 Winona Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Land Use
Amenities
garage
stone wall
cobble-stone driveway
Building Details
Year Built
Listing Agency:
Compass
(401) 274-1644
Listed By:
The Blackstone Team
(401) 646-0023
Source:
Lockandkeyre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:19PM
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 Compass
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Investment Insights
Based on property information with market context.
At 35 Winona Street, this legal two-family residence offers 2,900 square feet across two units, with a two-car garage and a cobblestone driveway. The property includes two lots totaling 9,600 square feet. The first unit spans the ground floor and a finished lower level, with three bedrooms and 1.5 baths. Upstairs, the second unit measures 1,000 square feet and has one bedroom, one bath, an eat-in kitchen, and a living room; its bathroom has been updated.
The home was built in 1943 and is located in Providence’s Elmhurst neighborhood. A stone wall and expansive yard are additional site features. The two-lot configuration and separate residential units are central elements of the property.
The home was built in 1943 and is located in Providence’s Elmhurst neighborhood. A stone wall and expansive yard are additional site features. The two-lot configuration and separate residential units are central elements of the property.
Key Highlights
- Legal two‑family property with 2,900 square feet
- Two lots together total 9,600 square feet
- First unit has 3 bedrooms, 1.5 baths, and a finished lower level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,970
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,400
$979.4K
Cap Rate 7%
$699,571
$699.6K
Cap Rate 9%
$544,111
$544.1K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$74.8K $25.80/SF
− Vacancy
−$4.9K −$1.68/SF
EGI
$70.0K $24.12/SF
− OpEx
−$21.0K −$7.24/SF
NOI
$49.0K $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%
$979,400
Cap Rate 7%
$699,571
Cap Rate 9%
$544,111
Alternative Uses
Best Use
Multifamily LT 5
$699.6K
$612.1K – $816.2K
NOI $48,970 @ 7.0% cap · market cap 8.18%
Second Best
Apartment 5plus
$628.4K
$549.8K – $733.1K
NOI $43,986 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$970.2K
$848.9K – $1.13M
NOI $67,915 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
466
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
$293,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate lots combine with a two-car garage and a two-unit home in Providence’s Elmhurst neighborhood.
Where is this duplex located?
The property is located at 35 Winona Street Providence, RI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Legal two‑family property with 2,900 square feet; Two lots together total 9,600 square feet; First unit has 3 bedrooms, 1.5 baths, and a finished lower level
