Two-Unit Property with Finished
For Sale
$875,000
Pending
64 Duncan Ave, Providence, RI 02906
Modern construction includes two matching layouts and additional finished space for office, recreation, or storage use.
Property Size1,904 SF
Days on Market77
Property Features for 64 Duncan Ave
General Information
Standard status
Pending
Size
1,904 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Mount Hope
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,295
Building Details
Year Built
2021
Listing Agency:
eXp Realty LLC
(401) 288-3600
Listed By:
Matt Mandeville · License #REB.0204020
(401) 787-3757
Source:
Exprealty
Added: Aug 18
Changed: Oct 25
Last Checked: Nov 1 at 6:19AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2021, this two-unit residential property contains 1,904 square feet and offers a contemporary configuration suited to both occupancy and rental use. Each residence includes two bedrooms, one full bathroom, open living areas, contemporary finishes, and a practical floor plan. The finished basement adds flexible interior space for a family room, office, fitness area, recreation, or storage.
A separate finished shed expands the usable footprint with room for a workshop, office, hobby area, or other flexible purpose. The property is located at 64 Duncan Ave in Providence’s Mount Hope neighborhood, with access to downtown Providence, Brown University, Providence College, hospitals, shopping, dining, parks, and major highways.
A separate finished shed expands the usable footprint with room for a workshop, office, hobby area, or other flexible purpose. The property is located at 64 Duncan Ave in Providence’s Mount Hope neighborhood, with access to downtown Providence, Brown University, Providence College, hospitals, shopping, dining, parks, and major highways.
Key Highlights
- Two‑unit property built in 2021
- 1,904 square feet with two 2‑bedroom, 1‑bath units
- Finished basement provides additional flexible space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,151
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$643,020
$643.0K
Cap Rate 7%
$459,300
$459.3K
Cap Rate 9%
$357,233
$357.2K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$49.1K $25.80/SF
− Vacancy
−$3.2K −$1.68/SF
EGI
$45.9K $24.12/SF
− OpEx
−$13.8K −$7.24/SF
NOI
$32.2K $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%
$643,020
Cap Rate 7%
$459,300
Cap Rate 9%
$357,233
Alternative Uses
Best Use
Multifamily LT 5
$459.3K
$401.9K – $535.9K
NOI $32,151 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$412.6K
$361.0K – $481.3K
NOI $28,879 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$637.0K
$557.4K – $743.2K
NOI $44,589 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,656
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
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 - Modern construction includes two matching layouts and additional finished space for office, recreation, or storage use.
Where is this duplex located?
The property is located at 64 Duncan Ave Providence, RI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑unit property built in 2021; 1,904 square feet with two 2‑bedroom, 1‑bath units; Finished basement provides additional flexible space
