Two-Unit Residential Income
For Sale
$849,900
75 Anthony Avenue, Providence, RI 02909
Brand-new duplex featuring two separate units with hardwood floors, modern kitchens, in-unit laundry, gas heat, and central air.
Property Size3,900 SF
Price / SF$217.92
Days on Market52
Property Features for 75 Anthony Avenue
General Information
Standard status
Active
Size
3,900 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
11
Amenities
hardwood flooring
modern kitchens
open-concept living areas
recessed lighting
in-unit laundry
gas heat
central air conditioning
Building Details
Year Built
2026
Listing Agency:
Greco Real Estate
Listed By:
Dhamarys Murillo · License #39449
Source:
Westcottproperties
Added: Jul 22
Changed: Sep 8
Last Checked: Sep 11 at 4:57AM
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 Greco Real Estate
Investment Insights
Based on property information with market context.
Brand-new two-family home with a townhouse-style Unit 1 and a separate Unit 2. Unit 1 spans two levels and includes 7 bedrooms and 3 full bathrooms, with the main level offering 4 bedrooms and 2 full baths plus a finished walkout lower level providing 3 additional bedrooms, a full bath, and flexible living space. Unit 2 provides 4 bedrooms and 2 full bathrooms. Both units are planned with hardwood flooring, modern kitchens, open-concept living areas, recessed lighting, in-unit laundry, gas heat, and central air conditioning.
Located at 75 Anthony Avenue in Providence, RI, the property is currently under construction with an estimated completion date of September 2026.
Located at 75 Anthony Avenue in Providence, RI, the property is currently under construction with an estimated completion date of September 2026.
Key Highlights
- Brand‑new two‑family duplex (Year built 2026) with estimated completion in Sept 2026.
- 11 total bedrooms and 5 full bathrooms across two separate units.
- Unit 1 offers 7 bedrooms and 3 full baths, with townhouse‑style layout across two levels.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,856
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,317,120
$1.3M
Cap Rate 7%
$940,800
$940.8K
Cap Rate 9%
$731,733
$731.7K
Market Conditions
NOI Build-Up for 3,900 SF
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.
Gross rent
$100.6K $25.80/SF
− Vacancy
−$6.5K −$1.68/SF
EGI
$94.1K $24.12/SF
− OpEx
−$28.2K −$7.24/SF
NOI
$65.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,317,120
Cap Rate 7%
$940,800
Cap Rate 9%
$731,733
Alternative Uses
Best Use
Multifamily LT 5
$940.8K
$823.2K – $1.10M
NOI $65,856 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$845.0K
$739.4K – $985.9K
NOI $59,153 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,333 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
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 - Brand-new duplex featuring two separate units with hardwood floors, modern kitchens, in-unit laundry, gas heat, and central air.
Where is this duplex located?
The property is located at 75 Anthony Avenue Providence, RI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Brand‑new two‑family duplex (Year built 2026) with estimated completion in Sept 2026.; 11 total bedrooms and 5 full bathrooms across two separate units.; Unit 1 offers 7 bedrooms and 3 full baths, with townhouse‑style layout across two levels.
