Duplex with Detached
New
For Sale
$599,999
47 Hall Street, Providence, RI 02904
Two matching residences each provide three bedrooms, a full bath, and laundry hookups.
Property Size2,168 SF
Price / SF$276.75
Days on Market7
Property Features for 47 Hall Street
General Information
Standard status
Active
Size
2,168 SF
Property subtype
MultiFamily
Building Details
Year Built
1925
Listing Agency:
Innovations Realty
(401) 414-7414
Listed By:
The ALBA Group · License #37342
(508) 810-0700
Source:
Lockandkeyre
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 4 at 10:00AM
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 Innovations Realty
Investment Insights
Based on property information with market context.
This 2,168-square-foot duplex, built in 1925, contains two matching units. Each has three bedrooms, one full bathroom, laundry hookups, and an L-shaped kitchen with quartz counters. Recent updates include LVT flooring and vinyl siding.
The property also includes a backyard, a detached two-car garage, and additional off-street parking. It is near highways and downtown Providence.
The property also includes a backyard, a detached two-car garage, and additional off-street parking. It is near highways and downtown Providence.
Key Highlights
- Two units, each with 3 bedrooms and 1 full bathroom
- 2,168 square feet; built in 1925
- L‑shaped kitchens with quartz countertops and in‑unit laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,609
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,180
$732.2K
Cap Rate 7%
$522,986
$523.0K
Cap Rate 9%
$406,767
$406.8K
Market Conditions
NOI Build-Up for 2,168 SF
Gross rent
$55.9K $25.80/SF
− Vacancy
−$3.6K −$1.68/SF
EGI
$52.3K $24.12/SF
− OpEx
−$15.7K −$7.24/SF
NOI
$36.6K $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%
$732,180
Cap Rate 7%
$522,986
Cap Rate 9%
$406,767
Alternative Uses
Best Use
Multifamily LT 5
$523.0K
$457.6K – $610.2K
NOI $36,609 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$469.8K
$411.0K – $548.1K
NOI $32,883 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$725.3K
$634.7K – $846.2K
NOI $50,772 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences each provide three bedrooms, a full bath, and laundry hookups.
Where is this duplex located?
The property is located at 47 Hall Street Providence, RI.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 full bathroom; 2,168 square feet; built in 1925; L‑shaped kitchens with quartz countertops and in‑unit laundry hookups
