2021 Two-Family Corner
603 Charles St Providence, RI 02904
603 Charles St, Providence, RI, 02904
$749,999
For Sale
$749,999
Turnkey 2021-built two-family duplex with 3 bedrooms, 2 full baths per unit and separate laundry.
Property Size2,340 SF
Price / SF$320.51
Days on Market81
Property Features for 603 Charles St
General Information
- Standard status
- Active
- Size
- 2,340 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2021
Listing agency
Hartford Homes Realty LLC
(774) 273-1349
Listed by
Michael Cappiello
Source
Cjbarrett
Added: May 4 Updated: Jul 21 at 3:27PM Checked: Jul 21 at 3:27PM
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 Hartford Homes Realty LLC
Investment Insights
Based on property information with market context.
Built in 2021, this well-maintained two-family duplex offers modern finishes and functional, open-concept living and dining areas in each unit. Each side features three bedrooms and two full bathrooms, with hardwood floors and recessed lighting throughout. Kitchens are equipped with granite countertops and stainless steel appliances. Comfort and convenience are supported by central air, and each unit has its own separate laundry area.
The property is situated on a corner lot in Providence and includes a large parking area for added off-street convenience. A finished basement with large windows provides bonus space that can support additional living, workspace, or storage needs.
The property is situated on a corner lot in Providence and includes a large parking area for added off-street convenience. A finished basement with large windows provides bonus space that can support additional living, workspace, or storage needs.
Key Highlights
- Built in 2021: well‑maintained two‑family duplex with modern finishes and functional layouts.
- Each unit features 3 bedrooms and 2 full bathrooms, plus an open‑concept living and dining area.
- Hardwood floors and recessed lighting throughout both units.
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 | $60.4k | $25.80 |
| − Vacancy | −$3.9k | −$1.68 |
| EGI | $56.4k | $24.12 |
| − OpEx | −$16.9k | −$7.24 |
| NOI | $39.5k | $16.89 |
2,340 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.5K
$493.9K – $658.6K
NOI $39,513 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$507.0K
$443.7K – $591.5K
NOI $35,492 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$782.9K
$685.0K – $913.3K
NOI $54,800 @ 7.0% cap · market cap 7.31%
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 - Turnkey 2021-built two-family duplex with 3 bedrooms, 2 full baths per unit and separate laundry.
Where is this duplex located?
The property is located at 603 Charles St Providence, RI.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: Built in 2021: well‑maintained two‑family duplex with modern finishes and functional layouts.; Each unit features 3 bedrooms and 2 full bathrooms, plus an open‑concept living and dining area.; Hardwood floors and recessed lighting throughout both units.
