Remodeled Two-Family Income
6 Stockwell Street Providence, RI 02909
6 Stockwell Street, Providence, RI, 02909
$769,900
For Sale
$769,900
Two-family with in-law unit remodeled to the studs in 2023, featuring stainless appliances, quartz countertops, and 4 full baths.
Property Size3,288 SF
Price / SF$234.15
Days on Market155
Property Features for 6 Stockwell Street
General Information
- Standard status
- Active
- Size
- 3,288 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing agency
Cathedral Properties
(401) 265-0960
Listed by
Bethany Martone
Source
Milburyre
Added: Feb 17 Updated: Jul 21 at 5:43PM Checked: Jul 21 at 5:43PM
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
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
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 | $84.8k | $25.80 |
| − Vacancy | −$5.5k | −$1.68 |
| EGI | $79.3k | $24.12 |
| − OpEx | −$23.8k | −$7.24 |
| NOI | $55.5k | $16.89 |
3,288 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$793.2K
$694.0K – $925.4K
NOI $55,521 @ 7.0% cap · market cap 7.21%
Second Best
Apartment 5plus
$712.4K
$623.4K – $831.2K
NOI $49,871 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.10M
$962.5K – $1.28M
NOI $77,001 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Street Providence, RI.
What is the asking price?
The asking price for this property is $769,900.
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
