Four-Unit Duplex
New
For Sale
$1,395,000
49-51 Trenton St, Providence, RI 02906
Two homes combine separate utility meters, individual gas heat, shared laundry, and updated kitchens.
Property Size3,105 SF
Price / SF$449.28
Days on Market2
Property Features for 49-51 Trenton St
General Information
Standard status
Active
Size
3,105 SF
Total Parking Spaces
8
Property subtype
Residential Income
Net Operating Income
$88,500
Site & Location
Neighborhood
Fox Point
Highway Access
Yes
Units
Multifamily Units
4
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$20,679
Amenities
shared coin-operated laundry
Building Details
Building Size
3,105 SF
Year Built
1930
Buildings
2
Listing Agency:
J. Christopher Real Estate Group
Listed By:
Jarrod C Lewis · License #REB.0018449
(401) 830-6906
Source:
413realestate
Added: Oct 24
Last Checked: Oct 24 at 2:00PM
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 J. Christopher Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two residential buildings contain four units across 3,105 square feet, with an additional 5,000-square-foot lot. Two apartments have townhouse-style layouts, and one includes 1.5 baths. Updates include vinyl flooring and kitchens. Each unit has separate utility metering and its own gas heating system; shared coin-operated laundry serves the property. Lead-safe certificates are in place for all four units.
The property includes an oversized two-car garage with a footprint associated with a former four-car garage, plus 6+ off-street parking spaces. India Point Park, restaurants, cafes, and neighborhood bars are within walking distance. Brown University, RISD, area hospitals, and major highway access are a short drive away.
The property includes an oversized two-car garage with a footprint associated with a former four-car garage, plus 6+ off-street parking spaces. India Point Park, restaurants, cafes, and neighborhood bars are within walking distance. Brown University, RISD, area hospitals, and major highway access are a short drive away.
Key Highlights
- Four residential units in two buildings; 3,105 square feet total
- Additional 5,000‑square‑foot lot
- Separate utility meters and individual gas heating systems in all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,431
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,048,620
$1.0M
Cap Rate 7%
$749,014
$749.0K
Cap Rate 9%
$582,567
$582.6K
Market Conditions
NOI Build-Up for 3,105 SF
Gross rent
$80.1K $25.80/SF
− Vacancy
−$5.2K −$1.68/SF
EGI
$74.9K $24.12/SF
− OpEx
−$22.5K −$7.24/SF
NOI
$52.4K $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%
$1,048,620
Cap Rate 7%
$749,014
Cap Rate 9%
$582,567
Alternative Uses
Best Use
Multifamily LT 5
$749.0K
$655.4K – $873.9K
NOI $52,431 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$672.8K
$588.7K – $784.9K
NOI $47,095 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.04M
$908.9K – $1.21M
NOI $72,715 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two homes combine separate utility meters, individual gas heat, shared laundry, and updated kitchens.
Where is this duplex located?
The property is located at 49-51 Trenton St Providence, RI.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Four residential units in two buildings; 3,105 square feet total; Additional 5,000‑square‑foot lot; Separate utility meters and individual gas heating systems in all units
