Updated Two-Family
For Sale
$517,000
435 Broadway East, Providence, RI 02914
Two-unit residential property with separate utilities, refreshed appliances, a fenced yard, and off-street parking.
Property Size2,007 SF
Price / SF$257.60
Days on Market190
Property Features for 435 Broadway East
General Information
Standard status
Active
Size
2,007 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Site & Location
Neighborhood
Federal Hill
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced-in backyard
Fireplace
Baseboard
Hot Water
Oil
Steam
Oil Water Heater
Water Heater
Sewer Connected
Building Details
Year Built
1930
Buildings
1
Stories
2
Listing Agency:
The Q Group Realty
Listed By:
Christy Querceto · License #REB.0019894
(401) 742-1858
Source:
Kw
Added: Apr 20
Changed: Oct 25
Last Checked: Oct 24 at 9:10PM
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 The Q Group Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,007-square-foot duplex, built in 1930, contains two residential units, each with 2 bedrooms and 1 full bathroom. Both units have updated appliances, separate utilities, natural-light-filled interiors, and heating that includes baseboard and steam systems. A newer roof adds to the property's recent improvements, while the connected sewer service supports the existing residential use.
The property includes a large fenced backyard and off-street parking for up to 4 vehicles. Its location near the Rumford line provides access to the Henderson Bridge, the East Side of Providence, shopping, cafes, and restaurants, with highway access suited to commuting. The home also includes a fireplace and oil-fired water heating equipment.
The property includes a large fenced backyard and off-street parking for up to 4 vehicles. Its location near the Rumford line provides access to the Henderson Bridge, the East Side of Providence, shopping, cafes, and restaurants, with highway access suited to commuting. The home also includes a fireplace and oil-fired water heating equipment.
Key Highlights
- Two residential units, each with 2 bedrooms and 1 full bathroom
- 2,007 square feet of living space
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,890
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$677,800
$677.8K
Cap Rate 7%
$484,143
$484.1K
Cap Rate 9%
$376,556
$376.6K
Market Conditions
NOI Build-Up for 2,007 SF
Gross rent
$51.8K $25.80/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$48.4K $24.12/SF
− OpEx
−$14.5K −$7.24/SF
NOI
$33.9K $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%
$677,800
Cap Rate 7%
$484,143
Cap Rate 9%
$376,556
Alternative Uses
Best Use
Multifamily LT 5
$484.1K
$423.6K – $564.8K
NOI $33,890 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$434.9K
$380.5K – $507.4K
NOI $30,441 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$671.5K
$587.5K – $783.4K
NOI $47,002 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,363
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with separate utilities, refreshed appliances, a fenced yard, and off-street parking.
Where is this duplex located?
The property is located at 435 Broadway East Providence, RI.
What is the asking price?
The asking price for this property is $517,000.
What are key features of this property?
This property features: Two residential units, each with 2 bedrooms and 1 full bathroom; 2,007 square feet of living space; Separate utilities for each unit
