East Providence Two-Family
680 Veterans Memorial Parkway East Providence, RI 02914
For Sale
$650,000
Pending
MULTI_FAMILY - East Providence, RI
Property Size2,321 SF
Lot Size0.35 Acres
Days on Market94
Property Features for 680 Veterans Memorial Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
Parking
8
Parking features
Open
Window features
Insulated Windows
Patio and Porch features
Patio
Interior features
Wall (Dry Wall), Wall (Plaster), Cathedral Ceilings, Cedar Closet(s), Stairs, Plumbing (Mixed), Insulation (Unknown)
Exterior features
Patio
Fireplace
1
Basement
Full, Unfinished
Appliances
Dishwasher, Dryer, Disposal, Microwave, Oven/Range, Refrigerator, Washer
Standard status
Pending
Size
2,321 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8505
Utilities
Sewer type
Public Sewer
Heating system
Central, Baseboard, Oil
Water source
Public
Water front features
Waterfront
Water front
1
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Carpet, Vinyl
Building materials
Dry Wall, Plaster, Shingles, Wood
Listing Agency:
Re/Max Professionals
(401) 884-6050
Listed By:
Peter Ciccone · License #RES.0026294
(401) 487-0774
Added: Apr 28
Changed: Jul 28
Last Checked: Jul 30 at 7:06AM
MLS# 1410867
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family home is located in the East Bay, overlooking Narragansett Bay, just past Metacomet Country Club. It is conveniently located 5 minutes from the highway and 10 minutes from the City of Providence. The home features generous room sizes and curb appeal. Originally a single-family home, it includes a large front-to-back living room with a fireplace. The first floor has two spacious bedrooms, both with walk-in closets. The updated kitchen features granite counters and leads to a dining room and a vaulted family room. A sunroom offers water views. Hardwood floors are present throughout the first and second floors. One of the two second-floor bedrooms is large and was originally the master bedroom. The property includes a patio, a two-car garage, and a driveway with space for eight cars. The lot size is 0.35 acres, and the property size is 2321 square feet.
Key Highlights
- Waterfront two‑family home with waterfront views of Narragansett Bay
- Year built 1925 featuring cathedral ceilings and a fireplace
- Kitchen updated with granite counters; appliances include dishwasher, microwave, oven/range, and refrigerator
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 | $59.0k | $25.44 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $55.2k | $23.79 |
| − OpEx | −$16.6k | −$7.14 |
| NOI | $38.6k | $16.65 |
2,321 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.1K
$483.1K – $644.1K
NOI $38,646 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$438.2K
$383.4K – $511.2K
NOI $30,671 @ 7.0% cap · market cap 4.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Inviting two-family home with water views and spacious rooms.
Where is this duplex located?
The property is located at 680 Veterans Memorial Parkway East Providence, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Waterfront two‑family home with waterfront views of Narragansett Bay; Year built 1925 featuring cathedral ceilings and a fireplace; Kitchen updated with granite counters; appliances include dishwasher, microwave, oven/range, and refrigerator
