Well-Maintained Duplex with
57 Hazael Street Providence, RI 02908
New
57 Hazael Street, Providence, RI, 02908
$385,000
For Sale
$385,000
MULTI_FAMILY - Providence, RI
Property Size1,104 SF
Lot Size0.07 Acres
Price / SF$348.73
Days on Market4
Property Features for 57 Hazael Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 1, Bathroom 1, Basement, Bathroom 2, Bedroom 3
- Parking
- 5
- Interior features
- Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
- Basement
- Storage Space, Unfinished, Full
- Appliances
- Gas Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 1,104 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4954
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Tile - Ceramic, Carpet, Hardwood
- Building materials
- Dry Wall, 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 5:06AM
MLS# 1418336
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 duplex presents a clean, well-cared-for rental configuration. The first floor includes a living room, two bedrooms, an eat-in kitchen, and a full bath. The second floor offers one bedroom, a living room, an eat-in kitchen, and a full bath. The basement is unfinished and includes a half bath, storage, and a dedicated laundry area. The property has been meticulously maintained and features a new roof, with ample parking that includes a one-car garage.
Located on a corner lot in a quiet neighborhood, the property is described as being close to schools, highways, and stores.
The duplex is fully rented with one-year leases. It is also available for purchase with the neighboring duplex at 53 Hazael St. The listing notes the transaction is subject to a 1031 exchange.
Located on a corner lot in a quiet neighborhood, the property is described as being close to schools, highways, and stores.
The duplex is fully rented with one-year leases. It is also available for purchase with the neighboring duplex at 53 Hazael St. The listing notes the transaction is subject to a 1031 exchange.
Key Highlights
- Fully rented with one‑year leases and long‑term ownership (almost 50 years)
- Corner lot in a quiet neighborhood with plenty of parking, including a one‑car garage
- New roof
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 | $28.5k | $25.80 |
| − Vacancy | −$1.9k | −$1.68 |
| EGI | $26.6k | $24.12 |
| − OpEx | −$8.0k | −$7.24 |
| NOI | $18.6k | $16.89 |
1,104 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Meticulously maintained duplex with a one-car garage, corner lot parking, and both units fully rented on one-year leases.
Where is this duplex located?
The property is located at 57 Hazael Street 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: Fully rented with one‑year leases and long‑term ownership (almost 50 years); Corner lot in a quiet neighborhood with plenty of parking, including a one‑car garage; New roof
