Two-Unit Duplex with
For Sale
$399,900
5 S Larchmont Street, North Providence, RI 02911
Two three-bedroom residences offer a substantial renovation project in North Providence.
Property Size2,646 SF
Price / SF$151.13
Days on Market10
Property Features for 5 S Larchmont Street
General Information
Standard status
Active
Size
2,646 SF
Property subtype
MultiFamily
Property Condition
Severity
Repairs Needed
Evidence
in need of some TLC
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
yard
Building Details
Year Built
1910
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Lockandkeyre
Added: Oct 5
Changed: Oct 13
Last Checked: Oct 12 at 7:04PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This 1910 duplex contains two residences, each with three bedrooms and one bathroom, within 2,646 square feet. The property needs renovation, and a yard provides outdoor space alongside the residential improvements.
The property is in North Providence near Mineral Spring Avenue, Smith Street/Route 44, and Smithfield Road. Shopping, restaurants, schools, parks, and public transportation are nearby, with I-295 providing regional connections.
The property is in North Providence near Mineral Spring Avenue, Smith Street/Route 44, and Smithfield Road. Shopping, restaurants, schools, parks, and public transportation are nearby, with I-295 providing regional connections.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 2,646 square feet of building area
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,966
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,320
$699.3K
Cap Rate 7%
$499,514
$499.5K
Cap Rate 9%
$388,511
$388.5K
Market Conditions
NOI Build-Up for 2,646 SF
Gross rent
$67.6K $25.56/SF
− Vacancy
−$4.1K −$1.53/SF
EGI
$63.6K $24.03/SF
− OpEx
−$28.6K −$10.81/SF
NOI
$35.0K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,320
Cap Rate 7%
$499,514
Cap Rate 9%
$388,511
Alternative Uses
Best Use
Multifamily LT 5
$629.4K
$550.7K – $734.3K
NOI $44,057 @ 7.0% cap · market cap 11.02%
Second Best
Apartment 5plus
$499.5K
$437.1K – $582.8K
NOI $34,966 @ 7.0% cap · market cap 8.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
Explore this area
Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
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 three-bedroom residences offer a substantial renovation project in North Providence.
Where is this duplex located?
The property is located at 5 S Larchmont Street North Providence, RI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 2,646 square feet of building area; Built in 1910
