Renovated Two-Family
For Sale
$600,000
66 Glover Street, Providence, RI 02908
Updated interiors include new kitchens, bathrooms, and modern finishes.
Property Size2,044 SF
Days on Market249
Property Features for 66 Glover Street
General Information
Standard status
Active
Size
2,044 SF
Property subtype
Multi-Family
Amenities
Baseboard
Gas
Gas Water Heater
Oven
Range
Refrigerator
Sewer Connected
Building Details
Building Size
2,044 SF
Year Built
1977
Stories
2
Listing Agency:
South Watuppa
Listed By:
Dawn Mercer · License #MA
(774) 488-8654
Source:
Kw
Added: Feb 11
Changed: Oct 16
Last Checked: Oct 16 at 8:02AM
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 South Watuppa
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Investment Insights
Based on property information with market context.
Located at 66 Glover Street in Providence, this two-family duplex was built in 1977 and has undergone a full renovation. Each residence offers 2 bedrooms and 1.5 bathrooms, with refreshed interiors, new kitchens, quartz countertops, and stainless steel appliances. Baseboard heating, gas service, a gas water heater, an oven, a range, and a refrigerator are included.
One unit features a finished basement that can accommodate additional living, office, or exercise space. The property also includes off-street parking and a private fenced yard serving one side of the duplex. Sewer service is connected, and the updated configuration supports both owner-occupancy and rental use.
One unit features a finished basement that can accommodate additional living, office, or exercise space. The property also includes off-street parking and a private fenced yard serving one side of the duplex. Sewer service is connected, and the updated configuration supports both owner-occupancy and rental use.
Key Highlights
- Fully renovated two‑family duplex at 66 Glover Street, Providence, RI 02908
- Each unit includes 2 bedrooms and 1.5 brand new bathrooms
- New kitchens with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,515
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$690,300
$690.3K
Cap Rate 7%
$493,071
$493.1K
Cap Rate 9%
$383,500
$383.5K
Market Conditions
NOI Build-Up for 2,044 SF
Gross rent
$52.7K $25.80/SF
− Vacancy
−$3.4K −$1.68/SF
EGI
$49.3K $24.12/SF
− OpEx
−$14.8K −$7.24/SF
NOI
$34.5K $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%
$690,300
Cap Rate 7%
$493,071
Cap Rate 9%
$383,500
Alternative Uses
Best Use
Multifamily LT 5
$493.1K
$431.4K – $575.3K
NOI $34,515 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$442.9K
$387.5K – $516.7K
NOI $31,002 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$683.8K
$598.4K – $797.8K
NOI $47,868 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
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Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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 - Updated interiors include new kitchens, bathrooms, and modern finishes.
Where is this duplex located?
The property is located at 66 Glover Street Providence, RI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Fully renovated two‑family duplex at 66 Glover Street, Providence, RI 02908; Each unit includes 2 bedrooms and 1.5 brand new bathrooms; New kitchens with quartz countertops and stainless steel appliances
