Two-Unit Rental
For Sale
$385,000
57 Hazael St, Providence, RI 02908
Two residential units feature separate layouts, while the basement adds storage, laundry space, and a full bathroom.
Property Size1,104 SF
Price / SF$348.73
Days on Market67
Property Features for 57 Hazael St
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Multi-Family
Building Details
Year Built
1930
Listing Agency:
RE/MAX Properties
Listed By:
Kerri Gemma · License #RES.0024961
(401) 232-3900
Source:
Alpernandmesenbourg
Added: Aug 9
Changed: Oct 14
Last Checked: Oct 7 at 2:04PM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This 1930 duplex contains two residential units with distinct floor plans. The first level includes a living room, two bedrooms, an eat-in kitchen, and a full bathroom. The upper unit offers one bedroom, a living room, an eat-in kitchen, and another full bathroom. An unfinished basement provides additional storage, laundry space, and a full bathroom.
Exterior features include a recently installed roof, a one-car garage, on-site parking, and a corner-lot setting at 57 Hazael St, Providence, RI 02908. Both units are leased, with occupancy reported through July 2027. The property is situated near schools, highways, and stores.
Exterior features include a recently installed roof, a one-car garage, on-site parking, and a corner-lot setting at 57 Hazael St, Providence, RI 02908. Both units are leased, with occupancy reported through July 2027. The property is situated near schools, highways, and stores.
Key Highlights
- Two‑unit duplex built in 1930
- First‑floor unit with 2 bedrooms, living room, eat‑in kitchen, and full bath
- Second‑floor unit with 1 bedroom, living room, eat‑in kitchen, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,642
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,840
$372.8K
Cap Rate 7%
$266,314
$266.3K
Cap Rate 9%
$207,133
$207.1K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$28.5K $25.80/SF
− Vacancy
−$1.9K −$1.68/SF
EGI
$26.6K $24.12/SF
− OpEx
−$8.0K −$7.24/SF
NOI
$18.6K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,840
Cap Rate 7%
$266,314
Cap Rate 9%
$207,133
Alternative Uses
Best Use
Multifamily LT 5
$266.3K
$233.0K – $310.7K
NOI $18,642 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$239.2K
$209.3K – $279.1K
NOI $16,745 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$369.3K
$323.2K – $430.9K
NOI $25,854 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate layouts, while the basement adds storage, laundry space, and a full bathroom.
Where is this duplex located?
The property is located at 57 Hazael St Providence, RI.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1930; First‑floor unit with 2 bedrooms, living room, eat‑in kitchen, and full bath; Second‑floor unit with 1 bedroom, living room, eat‑in kitchen, and full bath
