New Construction
For Sale
$799,900
426 Public Street, Providence, RI 02907
Two residences include in-unit laundry, gas heat, and central air conditioning.
Property Size3,835 SF
Price / SF$208.58
Days on Market22
Property Features for 426 Public Street
General Information
Standard status
Active
Size
3,835 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Upper South Providence
Units
Unit Mix
1 x 6BR/3BA, 1 x 4BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,691
Amenities
in unit laundry
gas heat
central air
Building Details
Building Size
3,835 SF
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Mateus Realty
Listed By:
Jeffrey Mateus · License #REB.0018097
(401) 447-9459
Source:
Jameshallrealestate
Added: Oct 6
Changed: Oct 27
Last Checked: Oct 26 at 5:02PM
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
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Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains 3,835 square feet across two residences. The first-floor unit has six bedrooms and three full bathrooms, including a primary suite with a private bath. Above it, the second-floor unit offers four bedrooms and two full bathrooms, with a primary bedroom and private bath as well. Both homes include in-unit laundry, gas heat, and central air conditioning.
Key Highlights
- Two‑unit property with 3,835 square feet, built in 2026
- First‑floor residence has 6 bedrooms and 3 full baths
- Second‑floor residence has 4 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,758
Cap Rate
8.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,160
$1.3M
Cap Rate 7%
$925,114
$925.1K
Cap Rate 9%
$719,533
$719.5K
Market Conditions
NOI Build-Up for 3,835 SF
Gross rent
$98.9K $25.80/SF
− Vacancy
−$6.4K −$1.68/SF
EGI
$92.5K $24.12/SF
− OpEx
−$27.8K −$7.24/SF
NOI
$64.8K $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%
$1,295,160
Cap Rate 7%
$925,114
Cap Rate 9%
$719,533
Alternative Uses
Best Use
Multifamily LT 5
$925.1K
$809.5K – $1.08M
NOI $64,758 @ 7.0% cap · market cap 8.10%
Second Best
Apartment 5plus
$831.0K
$727.1K – $969.5K
NOI $58,167 @ 7.0% cap · market cap 7.27%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,811 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,121
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
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 - Two residences include in-unit laundry, gas heat, and central air conditioning.
Where is this duplex located?
The property is located at 426 Public 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: Two‑unit property with 3,835 square feet, built in 2026; First‑floor residence has 6 bedrooms and 3 full baths; Second‑floor residence has 4 bedrooms and 2 full baths
