New Construction Two-Family
37 Murray Street Providence, RI 02909
For Sale
$799,900
Newly built two-family home with separate utilities, in-unit laundry, and central air in both units.
Property Size3,996 SF
Price / SF$200.18
Days on Market46
Property Features for 37 Murray Street
General Information
Standard status
Active
Size
3,996 SF
Property subtype
Multi-family
Building Details
Year Built
2026
Listing Agency:
Mateus Realty
Listed By:
Luis Mateus
(401) 274-6740
Source:
Residentialproperties
Added: Jun 12
Changed: Jul 25
Last Checked: Jul 25 at 5:46AM
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 Mateus Realty
Investment Insights
Based on property information with market context.
This newly constructed two-family residence offers two separate, well-equipped units with modern finishes. The first-floor unit includes a finished walk-out lower level and provides hardwood flooring, central air conditioning, gas heat, in-unit laundry, and outdoor living with low-maintenance Trex decking. The second-floor unit features hardwood flooring, central air conditioning, gas heat, in-unit laundry, and an open, modern layout.
The property has separate utilities and is described as conveniently located near schools, shopping, restaurants, and major highways.
With multiple bedrooms and full baths across both units, the configuration supports flexible living arrangements within a single building.
The property has separate utilities and is described as conveniently located near schools, shopping, restaurants, and major highways.
With multiple bedrooms and full baths across both units, the configuration supports flexible living arrangements within a single building.
Key Highlights
- Newly built 2‑family home (Year Built: 2026) with separate utilities and in‑unit laundry in both units
- First‑floor unit: 2,600+ sq. ft. with finished walk‑out lower level plus 6 bedrooms and 3 full baths
- Second‑floor unit: 1,300+ sq. ft. with 4 bedrooms and 2 full baths and an open, modern layout
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 | $103.1k | $25.80 |
| − Vacancy | −$6.7k | −$1.68 |
| EGI | $96.4k | $24.12 |
| − OpEx | −$28.9k | −$7.24 |
| NOI | $67.5k | $16.89 |
3,996 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$964.0K
$843.5K – $1.12M
NOI $67,477 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$865.8K
$757.6K – $1.01M
NOI $60,609 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,582 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly built two-family home with separate utilities, in-unit laundry, and central air in both units.
Where is this duplex located?
The property is located at 37 Murray Street Providence, RI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Newly built 2‑family home (Year Built: 2026) with separate utilities and in‑unit laundry in both units; First‑floor unit: 2,600+ sq. ft. with finished walk‑out lower level plus 6 bedrooms and 3 full baths; Second‑floor unit: 1,300+ sq. ft. with 4 bedrooms and 2 full baths and an open, modern layout
