Two-Family Duplex with Rear
New
For Sale
$459,000
47 Sibyl Street, Providence, RI 02909
Separate entrances serve both residences, alongside off-street parking and a fenced yard.
Property Size1,375 SF
Price / SF$333.82
Days on Market6
Property Features for 47 Sibyl Street
General Information
Standard status
Active
Size
1,375 SF
Property subtype
MultiFamily
Site & Location
Neighborhood
Silver Lake
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Construction
vinyl siding
Listing Agency:
Keller Williams Leading Edge
(401) 333-4900
Listed By:
Jose Diaz · License #RES.0035354
(401) 261-8747
Source:
Lockandkeyre
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 5:26AM
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 Keller Williams Leading Edge
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains two residences with separate entrances. Hardwood floors run through the living areas and bedrooms of both units, and each kitchen has oak cabinetry and storage. Both bathrooms feature period tilework; the upper unit also has a tiled kitchen backsplash and baseboard heating. The exterior is finished in cream vinyl siding, and the property includes a private rear deck, fenced yard with mature trees, and off-street parking.
The home occupies a corner lot in Providence’s Silver Lake neighborhood, with public transit, major highways, schools, and shopping nearby. The building contains 1,375 square feet.
The home occupies a corner lot in Providence’s Silver Lake neighborhood, with public transit, major highways, schools, and shopping nearby. The building contains 1,375 square feet.
Key Highlights
- Two‑family duplex built in 1920
- 1,375 square feet on a corner lot in Providence’s Silver Lake neighborhood
- Separate entrances for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,218
Cap Rate
5.06%
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 5.06%
Second Best
Apartment 5plus
$297.9K
$260.7K – $347.6K
NOI $20,855 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$460.0K
$402.5K – $536.7K
NOI $32,201 @ 7.0% cap · market cap 7.02%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve both residences, alongside off-street parking and a fenced yard.
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 $459,000.
What are key features of this property?
This property features: Two‑family duplex built in 1920; 1,375 square feet on a corner lot in Providence’s Silver Lake neighborhood; Separate entrances for each residence
