Renovated 2-Bedroom
5 Nelson Street East Providence, RI 02916
5 Nelson Street, East Providence, RI, 02916
$530,000
For Sale
$530,000
MULTI_FAMILY - East Providence, RI
Property Size1,638 SF
Lot Size0.13 Acres
Price / SF$323.57
Days on Market49
Property Features for 5 Nelson Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2
- Parking
- 3
- Parking features
- None
- Interior features
- Wall (Dry Wall), Wall (Paneled)
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 1,638 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5429
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1898
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Dry Wall, Paneled, Shingles
Listing Agency
The Mello Group, Inc.
(508) 640-0505
23 Circle Drive, Seekonk, RI
Listed by
Christina Perry
(508) 640-0505
Added: May 30 Checked: Jul 17 at 7:06 pm
MLS# 1413999
Listing URL
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.
This duplex is being offered as-is and features updated exterior vinyl siding. Each side provides two bedrooms with equal square footage. The interiors were cosmetically renovated a few years ago, offering a refreshed layout for an owner-occupant or rental use. Utilities include electric heat and cooking gas.
Located in East Providence, Rhode Island on Nelson Street, the property is described in the listing remarks as being in the Rumford neighborhood.
The building is structured as a two-unit arrangement with consistent unit sizing across both sides, supporting straightforward operations for an owner managing two comparable residences.
Located in East Providence, Rhode Island on Nelson Street, the property is described in the listing remarks as being in the Rumford neighborhood.
The building is structured as a two-unit arrangement with consistent unit sizing across both sides, supporting straightforward operations for an owner managing two comparable residences.
Key Highlights
- 2‑bedroom units on each side with equal square footage
- Most recent update: new exterior vinyl siding
- Year built 1898
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 | $41.7k | $25.44 |
| − Vacancy | −$2.7k | −$1.65 |
| EGI | $39.0k | $23.79 |
| − OpEx | −$11.7k | −$7.14 |
| NOI | $27.3k | $16.65 |
1,638 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$389.6K
$340.9K – $454.6K
NOI $27,273 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$309.2K
$270.6K – $360.8K
NOI $21,645 @ 7.0% cap · market cap 4.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom units, vinyl siding updates, and electric heat with gas cooking.
Where is this duplex located?
The property is located at 5 Nelson Street East Providence, RI.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: 2‑bedroom units on each side with equal square footage; Most recent update: new exterior vinyl siding; Year built 1898
