Two-Family Duplex with
New
For Sale
$529,900
69 Emanuel St, Providence, RI 02911
Two updated residences sit on a corner parcel with a fenced outdoor area.
Property Size1,866 SF
Price / SF$283.98
Days on Market6
Property Features for 69 Emanuel St
General Information
Standard status
Active
Size
1,866 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,767
Amenities
fenced yard
patio
Listing Agency:
Broadway Real Estate Group
(401) 354-7969
Listed By:
Doug Jeffrey
(401) 255-5530
Source:
Exprealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 2:07PM
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 Broadway Real Estate Group
Investment Insights
Based on property information with market context.
This duplex contains two residences within 1,866 square feet. Recent improvements include fresh interior paint and other updates. Outside, the corner lot has a fenced yard and a patio.
Shopping, restaurants, schools, and major routes are nearby. The property is available for immediate occupancy.
Shopping, restaurants, schools, and major routes are nearby. The property is available for immediate occupancy.
Key Highlights
- Two‑family duplex with 1,866 square feet
- Corner lot with a fenced yard and patio
- Both units have fresh interior paint and additional updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,509
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,180
$630.2K
Cap Rate 7%
$450,129
$450.1K
Cap Rate 9%
$350,100
$350.1K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$48.1K $25.80/SF
− Vacancy
−$3.1K −$1.68/SF
EGI
$45.0K $24.12/SF
− OpEx
−$13.5K −$7.24/SF
NOI
$31.5K $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%
$630,180
Cap Rate 7%
$450,129
Cap Rate 9%
$350,100
Alternative Uses
Best Use
Multifamily LT 5
$450.1K
$393.9K – $525.2K
NOI $31,509 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$404.3K
$353.8K – $471.7K
NOI $28,302 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$624.3K
$546.3K – $728.3K
NOI $43,700 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences sit on a corner parcel with a fenced outdoor area.
Where is this duplex located?
The property is located at 69 Emanuel St Providence, RI.
What is the asking price?
The asking price for this property is $529,900.
What are key features of this property?
This property features: Two‑family duplex with 1,866 square feet; Corner lot with a fenced yard and patio; Both units have fresh interior paint and additional updates
