Two-Unit Duplex with Open
New
For Sale
$699,900
352 Willard Avenue, Providence, RI 02905
Both residences include ensuite primary bedrooms, central heating and cooling, and stainless steel appliances.
Property Size2,464 SF
Price / SF$284.05
Days on Market4
Property Features for 352 Willard Avenue
General Information
Standard status
Active
Size
2,464 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
open-concept layout
hardwood flooring
stainless steel appliances
central heating and cooling
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Anchor Properties
(401) 714-7001
Listed By:
Cesar Cordero · License #RES.0047390
(401) 835-3118
Source:
Lockandkeyre
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:33AM
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 Anchor Properties
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Investment Insights
Based on property information with market context.
Built in 2026, this 2,464-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. Both units have an open-concept layout, hardwood flooring, stainless steel appliances, and central heating and cooling. An open basement offers potential for an ADU, subject to applicable requirements.
The property is at 352 Willard Avenue in Providence, within walking distance of Rhode Island Hospital and Women & Infants. I-95 is accessible from the property.
The property is at 352 Willard Avenue in Providence, within walking distance of Rhode Island Hospital and Women & Infants. I-95 is accessible from the property.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- 2,464 square feet; built in 2026
- Hardwood flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,607
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$832,140
$832.1K
Cap Rate 7%
$594,386
$594.4K
Cap Rate 9%
$462,300
$462.3K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$63.6K $25.80/SF
− Vacancy
−$4.1K −$1.68/SF
EGI
$59.4K $24.12/SF
− OpEx
−$17.8K −$7.24/SF
NOI
$41.6K $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%
$832,140
Cap Rate 7%
$594,386
Cap Rate 9%
$462,300
Alternative Uses
Best Use
Multifamily LT 5
$594.4K
$520.1K – $693.5K
NOI $41,607 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$533.9K
$467.2K – $622.9K
NOI $37,373 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$824.3K
$721.3K – $961.7K
NOI $57,704 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
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 - Both residences include ensuite primary bedrooms, central heating and cooling, and stainless steel appliances.
Where is this duplex located?
The property is located at 352 Willard Avenue Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; 2,464 square feet; built in 2026; Hardwood flooring throughout both units
