2-Unit Duplex with
New
For Sale
$399,900
5 S Larchmont Street, North Providence, RI 02911
Residential Income, North Providence, RI
Property Size2,646 SF
Lot Size0.13 Acres
Price / SF$151.13
Days on Market2
Property Features for 5 S Larchmont Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking features
None
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
2,646 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7324
Utilities
Heating system
Natural Gas, Baseboard
Building Details
Year built
1910
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Oct 5
Last Checked: Oct 6 at 4:06PM
MLS# 1424838
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 two-unit duplex contains 2,646 square feet across two three-bedroom, one-bathroom residences. The property dates to 1910 and sits on a 0.13-acre lot. Vinyl siding, natural gas baseboard heat, and a gas water heater are among its existing features. The building needs work, offering a renovation project for its next owner.
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, while I-295 provides connections to Providence and surrounding communities. A yard is also part of the property.
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, while I-295 provides connections to Providence and surrounding communities. A yard is also part of the property.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 2,646 square feet of building area
- 0.13‑acre lot with a yard
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.
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
Check the figures for this property
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 - Each residence has three bedrooms and one bathroom, with yard space on the property.
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; 0.13‑acre lot with a yard
