Two-Family Duplex With Finished
603 Charles Street Providence, RI 02904
For Sale
$789,900
Newer 2021-built two-family duplex with modern interiors, central air, separate in-unit laundry, and a finished basement in each unit.
Property Size2,340 SF
Price / SF$337.56
Days on Market89
Property Features for 603 Charles Street
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:
Eganrealtygroup
Added: May 3
Changed: Jul 21
Last Checked: Jul 22 at 7:11AM
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.
Well-maintained, newer construction two-family duplex built in 2021, situated on a corner lot. The property provides two separate living units, each featuring three bedrooms and two full bathrooms with an open-concept living and dining area. Interiors include hardwood floors and recessed lighting, and the kitchens are finished with granite countertops and stainless steel appliances.
Additional in-unit conveniences include central air and separate laundry for each unit. The finished basement adds bonus space with large windows, providing extra room for living, workspace, or storage. A large parking area supports convenient everyday use.
This is a functional, modern duplex configuration designed for comfortable multi-family living with dedicated laundry and expanded finished space.
Additional in-unit conveniences include central air and separate laundry for each unit. The finished basement adds bonus space with large windows, providing extra room for living, workspace, or storage. A large parking area supports convenient everyday use.
This is a functional, modern duplex configuration designed for comfortable multi-family living with dedicated laundry and expanded finished space.
Key Highlights
- Newer 2021‑built two‑family duplex on a corner lot
- Each unit features 3 bedrooms and 2 full bathrooms with open‑concept living and dining areas
- Hardwood floors and recessed lighting throughout each unit
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 5.00%
Second Best
Apartment 5plus
$507.0K
$443.7K – $591.5K
NOI $35,492 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$782.9K
$685.0K – $913.3K
NOI $54,800 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newer 2021-built two-family duplex with modern interiors, central air, separate in-unit laundry, and a finished basement in each unit.
Where is this duplex located?
The property is located at 603 Charles Street Providence, RI.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: Newer 2021‑built two‑family duplex on a corner lot; Each unit features 3 bedrooms and 2 full bathrooms with open‑concept living and dining areas; Hardwood floors and recessed lighting throughout each unit
