Corner-Lot
For Sale
$649,900
377 Warren Avenue, East Providence, RI 02914
The property includes an adjacent lot sold together, providing additional land with the duplex.
Property Size2,460 SF
Price / SF$264.19
Days on Market19
Property Features for 377 Warren Avenue
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,416
Building Details
Building Size
2,460 SF
Year Built
1930
Listing Agency:
Trusthill Real Estate Brkrg.
Listed By:
Peter Almonte · License #RES.0043810
(401) 391-1444
Source:
Baker21
Added: Oct 9
Changed: Oct 26
Last Checked: Oct 26 at 3:15PM
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 Trusthill Real Estate Brkrg.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex, built in 1930, contains 2,460 square feet and features hardwood flooring throughout. The sale also includes a separate lot next to the property.
Situated on a corner lot, the duplex offers parking on site.
Situated on a corner lot, the duplex offers parking on site.
Key Highlights
- 2,460‑square‑foot duplex built in 1930
- Separate adjacent lot included in the sale
- Corner‑lot property with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,960
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,200
$819.2K
Cap Rate 7%
$585,143
$585.1K
Cap Rate 9%
$455,111
$455.1K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$62.6K $25.44/SF
− Vacancy
−$4.1K −$1.65/SF
EGI
$58.5K $23.79/SF
− OpEx
−$17.6K −$7.14/SF
NOI
$41.0K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,200
Cap Rate 7%
$585,143
Cap Rate 9%
$455,111
Alternative Uses
Best Use
Multifamily LT 5
$585.1K
$512.0K – $682.7K
NOI $40,960 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$464.4K
$406.4K – $541.8K
NOI $32,508 @ 7.0% cap · market cap 5.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
Explore this area
Business Placement
Demographics for 02914, RI
22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
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 includes an adjacent lot sold together, providing additional land with the duplex.
Where is this duplex located?
The property is located at 377 Warren Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 2,460‑square‑foot duplex built in 1930; Separate adjacent lot included in the sale; Corner‑lot property with on‑site parking
