Townhouse-Style Duplex with Two
For Sale
$499,000
Pending
53 Hazael Street, Providence, RI 02908
MULTI_FAMILY - Providence, RI
Property Size1,728 SF
Lot Size0.07 Acres
Days on Market14
Property Features for 53 Hazael Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Basement
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
Subdivision
Elmhurst/Pc
Lot features
Paved Driveway
Standard status
Pending
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
Tile - Ceramic, Laminate
Building materials
Brick, Vinyl Siding
Listing Agency:
Re/Max Properties · RE/MAX International
(401) 232-3900
Listed By:
Kerri Gemma
(401) 480-4983
Added: Jul 20
Changed: Aug 1
Last Checked: Aug 2 at 2:06AM
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.
Townhouse-style duplex featuring two spacious units, each with two bedrooms and 1.5 bathrooms. The layout is described as functional multi-level and provides a single-family home feel. Interior finishes include tile and laminate flooring. Building materials include brick and vinyl siding, with natural gas heating and central air conditioning.
The property includes a basement and appliances such as a gas water heater, dryer, oven/range, refrigerator, and washer. Construction was completed in 1986. The exterior is described as having mature landscaping, with separate driveways for off-street parking.
Located in Providence’s Elmhurst neighborhood near Providence College, major highways, shopping, dining, parks, and downtown Providence. The offering is also described as an opportunity for an owner-occupant to live in one unit while generating rental income from the other. The property may be sold with the house next door on the corner lot, which includes a 1-car garage (57 Hazael St, MLS #1418336). Subject to a 1031 exchange.
The property includes a basement and appliances such as a gas water heater, dryer, oven/range, refrigerator, and washer. Construction was completed in 1986. The exterior is described as having mature landscaping, with separate driveways for off-street parking.
Located in Providence’s Elmhurst neighborhood near Providence College, major highways, shopping, dining, parks, and downtown Providence. The offering is also described as an opportunity for an owner-occupant to live in one unit while generating rental income from the other. The property may be sold with the house next door on the corner lot, which includes a 1-car garage (57 Hazael St, MLS #1418336). Subject to a 1031 exchange.
Key Highlights
- Townhouse‑style duplex with two units
- Each unit has two bedrooms and 1.5 bathrooms
- Natural gas heating with central air conditioning
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Townhouse-style duplex with two 2-bedroom units, each with 1.5 bathrooms, central air, and gas heating.
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: Townhouse‑style duplex with two units; Each unit has two bedrooms and 1.5 bathrooms; Natural gas heating with central air conditioning
