Remodeled Two-Family Income
For Sale
$699,900
6 Stockwell St, Providence, RI 02909
Two-family with in-law unit remodeled to the studs in 2023, featuring stainless appliances, quartz countertops, and 4 full baths.
Property Size3,248 SF
Price / SF$215.49
Days on Market195
Property Features for 6 Stockwell St
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Manton
Amenities
stainless steel appliances
dishwashers
quartz countertops
Building Details
Year Built
1900
Year Renovated
2023
Listing Agency:
Cathedral Properties
Listed By:
Bethany Martone
(401) 265-0960
Source:
Alpernandmesenbourg
Added: Apr 14
Changed: Oct 10
Last Checked: Oct 7 at 5:11PM
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 Cathedral Properties
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Investment Insights
Based on property information with market context.
This two-family with in-law unit has been remodeled down to the studs in 2023. The scope includes new electrical, insulation, plaster, windows, plumbing, and siding. The home offers a total of 7 bedrooms and 4 full bathrooms across 3,288 square feet. Each kitchen includes stainless steel appliances with dishwashers and quartz countertops.
The second-floor unit is configured as a townhouse, offering flexible living arrangements with two separate family room and living room areas. The layout also lends itself to future customization, including the potential to add an additional office area on the third floor.
Located minutes from the downtown Providence train station, local universities, and area hospitals, the property is positioned for convenient access to key destinations.
The second-floor unit is configured as a townhouse, offering flexible living arrangements with two separate family room and living room areas. The layout also lends itself to future customization, including the potential to add an additional office area on the third floor.
Located minutes from the downtown Providence train station, local universities, and area hospitals, the property is positioned for convenient access to key destinations.
Key Highlights
- Two‑family home with in‑law unit remodeled down to the studs in 2023
- Over 3,288 sq ft total with 7 beds and 4 full bathrooms
- Updates since 2023 include electrical, insulation, plaster, windows, plumbing, and siding
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,846
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,096,920
$1.1M
Cap Rate 7%
$783,514
$783.5K
Cap Rate 9%
$609,400
$609.4K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$83.8K $25.80/SF
− Vacancy
−$5.4K −$1.68/SF
EGI
$78.4K $24.12/SF
− OpEx
−$23.5K −$7.24/SF
NOI
$54.8K $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%
$1,096,920
Cap Rate 7%
$783,514
Cap Rate 9%
$609,400
Alternative Uses
Best Use
Multifamily LT 5
$783.5K
$685.6K – $914.1K
NOI $54,846 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$703.8K
$615.8K – $821.1K
NOI $49,264 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.09M
$950.8K – $1.27M
NOI $76,064 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family with in-law unit remodeled to the studs in 2023, featuring stainless appliances, quartz countertops, and 4 full baths.
Where is this duplex located?
The property is located at 6 Stockwell St Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family home with in‑law unit remodeled down to the studs in 2023; Over 3,288 sq ft total with 7 beds and 4 full bathrooms; Updates since 2023 include electrical, insulation, plaster, windows, plumbing, and siding
