New Side-by-Side
For Sale
$715,000
4 Donelson St, Providence, RI 02908
Three-level living features hardwood floors, quartz countertops, central AC, and a lower-level family room.
Property Size3,150 SF
Price / SF$226.98
Days on Market62
Property Features for 4 Donelson St
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
Innovations Realty
Listed By:
Samuel Albert · License #RES.0042367
(401) 241-9439
Source:
Alpernandmesenbourg
Added: Aug 5
Changed: Oct 5
Last Checked: Oct 4 at 12:11PM
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 Innovations Realty
Investment Insights
Based on property information with market context.
This brand-new duplex at 4 Donelson St in Providence, RI is configured as two side-by-side residences with 3,150 square feet of total property size. The two-family layout provides six bedrooms and four bathrooms across three levels of living, giving each unit a home-style configuration. A lower-level family room adds flexible interior space.
Interior finishes include hardwood flooring, quartz countertops, central air conditioning, black premium windows from Stergis, and white board-and-batten detailing. The property is positioned near Providence College and its campus, with nearby rental properties and restaurants. The stated use potential includes student rentals or an owner-occupant arrangement with one unit available for rental.
Interior finishes include hardwood flooring, quartz countertops, central air conditioning, black premium windows from Stergis, and white board-and-batten detailing. The property is positioned near Providence College and its campus, with nearby rental properties and restaurants. The stated use potential includes student rentals or an owner-occupant arrangement with one unit available for rental.
Key Highlights
- Brand‑new two‑family duplex with side‑by‑side units
- 3,150 square feet with 6 bedrooms and 4 bathrooms total
- Three levels of living in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,191
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,820
$1.1M
Cap Rate 7%
$759,871
$759.9K
Cap Rate 9%
$591,011
$591.0K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$81.3K $25.80/SF
− Vacancy
−$5.3K −$1.68/SF
EGI
$76.0K $24.12/SF
− OpEx
−$22.8K −$7.24/SF
NOI
$53.2K $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%
$1,063,820
Cap Rate 7%
$759,871
Cap Rate 9%
$591,011
Alternative Uses
Best Use
Multifamily LT 5
$759.9K
$664.9K – $886.5K
NOI $53,191 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$682.5K
$597.2K – $796.3K
NOI $47,777 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$1.05M
$922.1K – $1.23M
NOI $73,769 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,327
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
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Frequently Asked Questions
What type of property is this?
Duplex - Three-level living features hardwood floors, quartz countertops, central AC, and a lower-level family room.
Where is this duplex located?
The property is located at 4 Donelson St Providence, RI.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Brand‑new two‑family duplex with side‑by‑side units; 3,150 square feet with 6 bedrooms and 4 bathrooms total; Three levels of living in each unit
