45 E George Street Providence, RI 02906
MULTI_FAMILY - Providence, RI
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
Listing agent Ed Kazarian (401) 578-7898
Listing office Patriot Realty, Inc. 105 Medway Street, Greenville, RI (401) 578-7898
Listing date Feb 16, 2026
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Year built 1930
- Interior features include plaster walls
- Plumbing includes copper, mixed, and PVC
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 |
