Two-Unit Duplex with Rear
47 Sibyl Street, Providence, RI 02909
For Sale
New
$425,000
Residential Income, Providence, RI
Property Size1,375 SF
Lot Size0.12 Acres
Price / SF$309.09
Days on Market3
Property Features for 47 Sibyl Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Appliances
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Amenities
off-street parking
fenced yard
private rear deck
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Jose Diaz · License RI RES.0035354
(401) 261-8747
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 1428288
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.
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains 1,375 square feet across two units, with four bedrooms and two bathrooms in total. Each residence has a kitchen with oak cabinetry and storage, plus hardwood flooring in living areas and bedrooms. The upper unit includes a tile backsplash in the kitchen and baseboard heat. A private rear deck and fenced yard with mature trees are additional site features.
The property occupies a 0.12-acre corner lot at 47 Sibyl Street in Providence’s Silver Lake neighborhood. Public transit, major highways, schools, and shopping are noted nearby. Separate unit entrances provide distinct access to each residence.
The property occupies a 0.12-acre corner lot at 47 Sibyl Street in Providence’s Silver Lake neighborhood. Public transit, major highways, schools, and shopping are noted nearby. Separate unit entrances provide distinct access to each residence.
Key Highlights
- Two‑unit duplex with 1,375 square feet
- 0.12‑acre corner lot in Providence’s Silver Lake neighborhood
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,218
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,360
$464.4K
Cap Rate 7%
$331,686
$331.7K
Cap Rate 9%
$257,978
$258.0K
Market Conditions
NOI Build-Up for 1,375 SF
Gross rent
$35.5K $25.80/SF
− Vacancy
−$2.3K −$1.68/SF
EGI
$33.2K $24.12/SF
− OpEx
−$10.0K −$7.24/SF
NOI
$23.2K $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%
$464,360
Cap Rate 7%
$331,686
Cap Rate 9%
$257,978
Alternative Uses
Best Use
Multifamily LT 5
$331.7K
$290.2K – $387.0K
NOI $23,218 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$297.9K
$260.7K – $347.6K
NOI $20,855 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$460.0K
$402.5K – $536.7K
NOI $32,201 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate entrances serve a four-bedroom, two-bath layout on a Providence corner parcel.
Where is this duplex located?
The property is located at 47 Sibyl Street Providence, RI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,375 square feet; 0.12‑acre corner lot in Providence’s Silver Lake neighborhood; Built in 1920
