Townhouse-Style Duplex with Two
53 Hazael Street Providence, RI 02908
New
53 Hazael Street, Providence, RI, 02908
$499,000
For Sale
$499,000
MULTI_FAMILY - Providence, RI
Property Size1,728 SF
Lot Size0.07 Acres
Price / SF$288.77
Days on Market4
Property Features for 53 Hazael Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Basement, Bedroom 2, Bedroom 3
- Parking
- 4
- Parking features
- None
- Interior features
- Plumbing (Mixed), Insulation (Cap)
- Basement
- Storage Space, Unfinished, Full
- Appliances
- Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,728 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6585
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1986
- Number of units
- 2
- Flooring type
- Laminate, Tile - Ceramic
- Building materials
- Brick, Vinyl Siding
Listing agency
Re/Max Properties
(401) 232-3900
Listed by
Kerri Gemma
(401) 232-3900
Added: Jul 20 Updated: Jul 22 at 4:20PM Checked: Jul 23 at 8:06AM
MLS# 1418327
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 townhouse-style duplex at 53 Hazael Street features two separate multi-level units. Each unit is configured with two bedrooms and 1.5 bathrooms, providing a layout designed around comfortable day-to-day living. The property also includes separate driveways for off-street parking.
The home is located in Providence, RI, in the Elmhurst neighborhood, with access to Providence College, major highways, shopping, dining, parks, and downtown Providence. The property can also be sold together with the house next door on the corner lot at 57 Hazael Street, which includes a 1-car garage (MLS #1418336). The offering is subject to a 1031 exchange.
The home is located in Providence, RI, in the Elmhurst neighborhood, with access to Providence College, major highways, shopping, dining, parks, and downtown Providence. The property can also be sold together with the house next door on the corner lot at 57 Hazael Street, which includes a 1-car garage (MLS #1418336). The offering is subject to a 1031 exchange.
Key Highlights
- Two‑unit, townhouse‑style duplex built in 1986
- Each unit offers 2 bedrooms and 1.5 bathrooms
- Separate driveways for off‑street parking
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 | $44.6k | $25.80 |
| − Vacancy | −$2.9k | −$1.68 |
| EGI | $41.7k | $24.12 |
| − OpEx | −$12.5k | −$7.24 |
| NOI | $29.2k | $16.89 |
1,728 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$416.8K
$364.7K – $486.3K
NOI $29,179 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$374.4K
$327.6K – $436.8K
NOI $26,209 @ 7.0% cap · market cap 5.25%
Theoretical Best
Office A
$578.1K
$505.9K – $674.5K
NOI $40,468 @ 7.0% cap · market cap 8.11%
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 - Townhouse-style duplex offering two multi-level units with two bedrooms and 1.5 baths each.
Where is this duplex located?
The property is located at 53 Hazael Street Providence, RI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑unit, townhouse‑style duplex built in 1986; Each unit offers 2 bedrooms and 1.5 bathrooms; Separate driveways for off‑street parking
