Two-Unit Duplex with
For Sale
$595,000
40 Kiley Street, North Providence, RI 02911
Two distinct floor plans offer three bedrooms on one level and two on the other.
Property Size2,396 SF
Lot Size0.19 Acres
Price / SF$248.33
Days on Market11
Property Features for 40 Kiley Street
General Information
Standard status
Active
Size
2,396 SF
Total Parking Spaces
2
Lot size
0.19 Acres
Property subtype
MultiFamily
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Amenities
laundry room
fenced backyard
Building Details
Year Built
1924
Buildings
2
Listing Agency:
Coldwell Banker Realty
(401) 351-2017
Listed By:
Diane Lazarus · License #REB.0014206
(401) 640-1658
Source:
Lockandkeyre
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 5 at 6:43PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 2,396-square-foot duplex contains two residences: a three-bedroom unit and a two-bedroom unit. Newer windows and a ground-floor laundry room serve the property. Heating differs by level, with gas on the second floor and oil on the first.
The offering also includes an adjacent lot, bringing the combined area to 8,400 square feet, with a two-car garage. A fenced backyard and mature street trees are among the outdoor features.
The offering also includes an adjacent lot, bringing the combined area to 8,400 square feet, with a two-car garage. A fenced backyard and mature street trees are among the outdoor features.
Key Highlights
- Two‑unit duplex with 3‑bedroom and 2‑bedroom residences
- 2,396 square feet of building area
- Adjacent lot brings the combined area to 8,400 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,895
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,900
$797.9K
Cap Rate 7%
$569,929
$569.9K
Cap Rate 9%
$443,278
$443.3K
Market Conditions
NOI Build-Up for 2,396 SF
Gross rent
$61.0K $25.44/SF
− Vacancy
−$4.0K −$1.65/SF
EGI
$57.0K $23.79/SF
− OpEx
−$17.1K −$7.14/SF
NOI
$39.9K $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%
$797,900
Cap Rate 7%
$569,929
Cap Rate 9%
$443,278
Alternative Uses
Best Use
Multifamily LT 5
$569.9K
$498.7K – $664.9K
NOI $39,895 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$452.3K
$395.8K – $527.7K
NOI $31,662 @ 7.0% cap · market cap 5.32%
Theoretical Best
—
—
same as Best Use
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
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
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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 - Two distinct floor plans offer three bedrooms on one level and two on the other.
Where is this duplex located?
The property is located at 40 Kiley Street North Providence, RI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom and 2‑bedroom residences; 2,396 square feet of building area; Adjacent lot brings the combined area to 8,400 square feet
