Two-Family
6 Shore Road, East Providence, RI 02915
For Sale
$449,000
Two separate residences support a live-in-one, rent-the-other arrangement.
Property Size1,783 SF
Price / SF$251.82
Days on Market35
Property Features for 6 Shore Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Attic
Permanent Attic Stairs
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Innovations Realty
(401) 414-7414
Listed By:
The ALBA Group · License RI #37342
(401) 451-2422
Source:
Berettarealty
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 9 at 8:13PM
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 Innovations Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family property contains 1,783 square feet and dates to 1869. Its two-unit configuration allows an owner to occupy one residence while leasing the other, or to operate both as rental units.
Shore Road provides access to nearby waterfront recreation and parks. The East Bay Bike Path and historic Crescent Park Carousel are among the area’s attractions. Sabin Point Waterfront Park, at the end of Shore Road, features Narragansett Bay views, a fishing pier, playground, basketball courts, picnic areas and walking paths.
Shore Road provides access to nearby waterfront recreation and parks. The East Bay Bike Path and historic Crescent Park Carousel are among the area’s attractions. Sabin Point Waterfront Park, at the end of Shore Road, features Narragansett Bay views, a fishing pier, playground, basketball courts, picnic areas and walking paths.
Key Highlights
- Two‑family property with a two‑unit configuration
- 1,783 square feet of building area
- Built in 1869
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,688
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
$593.8K
Cap Rate 7%
$424,114
$424.1K
Cap Rate 9%
$329,867
$329.9K
Market Conditions
NOI Build-Up for 1,783 SF
Gross rent
$45.4K $25.44/SF
− Vacancy
−$2.9K −$1.65/SF
EGI
$42.4K $23.79/SF
− OpEx
−$12.7K −$7.14/SF
NOI
$29.7K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,760
Cap Rate 7%
$424,114
Cap Rate 9%
$329,867
Alternative Uses
Best Use
Multifamily LT 5
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$336.6K
$294.5K – $392.7K
NOI $23,561 @ 7.0% cap · market cap 5.25%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 02915, RI
16,603
Population
7,746
Households
2.1
Avg Household Size
47
Median Age
36%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,019
Density / Sq Mi
$90,558
Median Household Income
$61,062
Median Earnings
$1,482
Median Rent
$317,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in East Providence, RI
Properties on Market for Duplexes in East Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences support a live-in-one, rent-the-other arrangement.
Where is this duplex located?
The property is located at 6 Shore Road East Providence, RI.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑family property with a two‑unit configuration; 1,783 square feet of building area; Built in 1869
