Two-Unit Duplex with
753 Admiral Street, Providence, RI 02908
For Sale
New
$225,000
Residential Income, Providence, RI
Property Size532 SF
Lot Size0.10 Acres
Price / SF$422.93
Days on Market1
Property Features for 753 Admiral Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Appliances
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Keller Williams Coastal · Keller Williams Realty
(401) 845-9200
Listed By:
Elaine Reavey · License RI RES.0033620
(401) 373-4335
Added: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1428477
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex has a lower-level studio and an upper residence with an open kitchen and living area, a bathroom, and a loft bedroom. The recorded property size is 532 square feet, on a 0.0962-acre lot. Built in 1930, the building has vinyl siding, hardwood and laminate flooring, and electric baseboard heat. A gas water heater is also present.
The property is offered as-is, with cash or hard-money financing specified. Zoning is 2 Family.
The property is offered as-is, with cash or hard-money financing specified. Zoning is 2 Family.
Key Highlights
- Two‑unit duplex with a lower‑level studio and an upper unit with loft bedroom
- Recorded property size of 532 square feet on a 0.0962‑acre lot
- Built in 1930; vinyl siding and electric baseboard heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,983
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,660
$179.7K
Cap Rate 7%
$128,329
$128.3K
Cap Rate 9%
$99,811
$99.8K
Market Conditions
NOI Build-Up for 532 SF
Gross rent
$13.7K $25.80/SF
− Vacancy
−$892 −$1.68/SF
EGI
$12.8K $24.12/SF
− OpEx
−$3.9K −$7.24/SF
NOI
$9.0K $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%
$179,660
Cap Rate 7%
$128,329
Cap Rate 9%
$99,811
Alternative Uses
Best Use
Multifamily LT 5
$128.3K
$112.3K – $149.7K
NOI $8,983 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$115.3K
$100.9K – $134.5K
NOI $8,069 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$178.0K
$155.7K – $207.7K
NOI $12,459 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
609
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
$293,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The lower-level residence is a studio, and the upper unit has a loft bedroom.
Where is this duplex located?
The property is located at 753 Admiral Street Providence, RI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two‑unit duplex with a lower‑level studio and an upper unit with loft bedroom; Recorded property size of 532 square feet on a 0.0962‑acre lot; Built in 1930; vinyl siding and electric baseboard heat
