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    Duplex For Sale Title is generated by Realmo AI

    45 E George Street, Providence, RI 02906

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    Claim this Listing
    For Sale
    $769,900

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Property size:
    2,550 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $301/SF
    Added:
    Feb 16, 2026
    Days on Market:
    132
    Last Refresh:
    Jun 28 at 10:06 pm

    Property Features for 45 E George Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    02
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 6, Basement, Bathroom 2, Bedroom 2, Bedroom 4
    Parking
    4
    Parking features
    Garage
    Interior features
    Wall (Plaster), Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC)
    Basement
    Unfinished, Full
    Appliances
    Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
    Standard status
    Active
    Size
    2,550 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    11074

    Utilities

    Heating system
    Natural Gas, Baseboard

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Pine, Hardwood
    Building materials
    Plaster, Vinyl Siding

    We can help!

    Contact an agent
    Ed Kazarian

    Listing agent Ed Kazarian

    Listing office Patriot Realty, Inc. 105 Medway Street, Greenville, RI

    Listing date Feb 16, 2026

    MLS# 1404970 Listing URL

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Year built 1930
    • Interior features include plaster walls
    • Plumbing includes copper, mixed, and PVC
    • Heating: natural gas baseboard
    • Flooring includes pine and hardwood
    • Includes a garage and appliances such as washer, dryer, oven/range, and refrigerator

    Overview

    This for-sale duplex is configured as a residential income property, totaling 2,550 square feet of building area on a 0.1148-acre lot. The listing is presented as suitable for both investors and owner-occupants, making it a practical option for buyers looking to live in one unit while generating rental income from the other.

    The property is located at 45 E George Street in Providence, Rhode Island (02906), within Providence County. The listing identifies zoning as 02, and the transaction is structured as a sale.

    For tenant-occupied or owner-occupied strategies, this duplex format can support flexible occupancy plans compared with single-family homes. Buyers considering an owner-occupant approach can evaluate how the existing two-unit setup aligns with their space needs, while investors can review it as a compact income-generating residential asset. As always, prospective purchasers should confirm unit configurations, lease terms (if any), and all operating details during due diligence.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $65.8k $25.80
    − Vacancy −$4.3k −$1.68
    EGI $61.5k $24.12
    − OpEx −$18.5k −$7.24
    NOI $43.1k $16.89
    2,550 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $615.1K
    $538.3K – $717.7K (±1% cap)
    NOI $43,060 @ 7.0% cap · market cap 5.59%
    Second Best
    Apartment 5plus
    $552.5K
    $483.5K – $644.6K (±1% cap)
    NOI $38,677 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Office A
    $853.1K
    $746.5K – $995.3K (±1% cap)
    NOI $59,718 @ 7.0% cap · market cap 7.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horace Mann Building College MEC Music Services Tutoring Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.39184
    Latitude
    41.825531

    FAQs

    What type of property is this?
    Duplex - Well-sized duplex on a compact Providence lot, offering a straightforward residential income setup for owner-occupants and investors.
    Where is this duplex located?
    The property is located at 45 E George Street Providence, RI.
    What is the asking price?
    The asking price for this property is $769,900.
    What are key features of this property?
    This property features: Year built 1930; Interior features include plaster walls; Plumbing includes copper, mixed, and PVC
    More about this property
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