Duplex with Off-Street
For Sale
$750,000
71 Sutton St, Providence, RI 02903
Two spacious units feature hardwood floors, applianced kitchens, and separate utilities.
Property Size3,579 SF
Price / SF$209.56
Days on Market95
Property Features for 71 Sutton St
General Information
Standard status
Active
Size
3,579 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
hardwood floors
bay windows
applianced kitchens
separate utilities
coin-op washer/dryer
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty
Listed By:
Denise Mancini · License #REB.0013395
(401) 447-8785
Source:
Rhodeislandhomesforsale
Added: Jul 12
Changed: Oct 1
Last Checked: Oct 12 at 8:38PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1920, this duplex includes two spacious residential units with hardwood flooring and bay windows that bring natural light into the interiors. Each unit has an applianced kitchen, while separate utilities support distinct household operation. A basement laundry area includes a coin-operated washer and dryer.
The property occupies a corner lot with off-street parking. Its Providence location is minutes from Atwells Avenue and Downtown Providence, providing access to established city destinations and services.
The property occupies a corner lot with off-street parking. Its Providence location is minutes from Atwells Avenue and Downtown Providence, providing access to established city destinations and services.
Key Highlights
- Two‑unit duplex with spacious layouts
- Hardwood floors and classic bay windows in both units
- Applianced kitchens in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,435
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,208,700
$1.2M
Cap Rate 7%
$863,357
$863.4K
Cap Rate 9%
$671,500
$671.5K
Market Conditions
NOI Build-Up for 3,579 SF
Gross rent
$92.3K $25.80/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$86.3K $24.12/SF
− OpEx
−$25.9K −$7.24/SF
NOI
$60.4K $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%
$1,208,700
Cap Rate 7%
$863,357
Cap Rate 9%
$671,500
Alternative Uses
Best Use
Multifamily LT 5
$863.4K
$755.4K – $1.01M
NOI $60,435 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$775.5K
$678.6K – $904.7K
NOI $54,284 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,816 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units feature hardwood floors, applianced kitchens, and separate utilities.
Where is this duplex located?
The property is located at 71 Sutton St Providence, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with spacious layouts; Hardwood floors and classic bay windows in both units; Applianced kitchens in each unit
