Duplex With Three-Car
New
For Sale
$599,900
404 WOONASQUATUCKET Avenue, North Providence, RI 02911
Two residential units offer distinct layouts, with additional parking and a substantial side yard.
Property Size2,520 SF
Lot Size0.41 Acres
Price / SF$238.06
Days on Market7
Property Features for 404 WOONASQUATUCKET Avenue
General Information
Standard status
Active
Size
2,520 SF
Lot size
0.41 Acres
Property subtype
MultiFamily
Units
Unit Mix
1 x 2BR+office, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1875
Listing Agency:
Realty Center
(401) 353-9000
Listed By:
Norman Harrison · License #REB.0009646
(401) 419-1007
Source:
Lockandkeyre
Added: Oct 5
Changed: Oct 10
Last Checked: Oct 11 at 7:40AM
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 Realty Center
Investment Insights
Based on property information with market context.
This 2,520-square-foot duplex in North Providence contains two residential units. The first-floor unit has two bedrooms and an office, while the second-floor unit includes two bedrooms. The property was built in 1875 and has a three-car garage, with additional parking on site.
The parcel exceeds 18,000 square feet and includes a large side yard. Together, the two-unit configuration, garage, and outdoor space define the property's principal physical features.
The parcel exceeds 18,000 square feet and includes a large side yard. Together, the two-unit configuration, garage, and outdoor space define the property's principal physical features.
Key Highlights
- Two units: first floor has 2 bedrooms and an office; second floor has 2 bedrooms
- 2,520 square feet; built in 1875
- Parcel contains over 18,000 square feet of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,959
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,180
$839.2K
Cap Rate 7%
$599,414
$599.4K
Cap Rate 9%
$466,211
$466.2K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$64.1K $25.44/SF
− Vacancy
−$4.2K −$1.65/SF
EGI
$59.9K $23.79/SF
− OpEx
−$18.0K −$7.14/SF
NOI
$42.0K $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%
$839,180
Cap Rate 7%
$599,414
Cap Rate 9%
$466,211
Alternative Uses
Best Use
Multifamily LT 5
$599.4K
$524.5K – $699.3K
NOI $41,959 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$475.7K
$416.3K – $555.0K
NOI $33,301 @ 7.0% cap · market cap 5.55%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
470
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, with additional parking and a substantial side yard.
Where is this duplex located?
The property is located at 404 WOONASQUATUCKET Avenue North Providence, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two units: first floor has 2 bedrooms and an office; second floor has 2 bedrooms; 2,520 square feet; built in 1875; Parcel contains over 18,000 square feet of land
