Two-Unit Duplex with
New
For Sale
$549,900
77 Allen Avenue, East Providence, RI 02915
Two three-bedroom residences have separate utilities, and the first-floor unit includes two full bathrooms.
Property Size2,214 SF
Price / SF$248.37
Days on Market5
Property Features for 77 Allen Avenue
General Information
Standard status
Active
Size
2,214 SF
Property subtype
MultiFamily
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Amenities
full basement
brand-new driveway
spacious backyard
Building Details
Year Built
1900
Buildings
1
Listing Agency:
RE/MAX Professionals
(401) 884-6050
Listed By:
Robert Rinn · License #RES.0044179
(401) 633-5788
Source:
Lockandkeyre
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 4 at 12:03PM
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 RE/MAX Professionals
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Investment Insights
Based on property information with market context.
This duplex contains two three-bedroom units. The first-floor residence has a primary bedroom and two full bathrooms, while both units are served by separate utilities. A full basement provides storage space, and the property also includes a new driveway and a backyard.
Built in 1900, the property is located at 77 Allen Avenue in East Providence, Rhode Island.
Built in 1900, the property is located at 77 Allen Avenue in East Providence, Rhode Island.
Key Highlights
- Two three‑bedroom units
- First‑floor unit includes a primary bedroom and two full bathrooms
- Separate utilities for the two residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,864
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,280
$737.3K
Cap Rate 7%
$526,629
$526.6K
Cap Rate 9%
$409,600
$409.6K
Market Conditions
NOI Build-Up for 2,214 SF
Gross rent
$56.3K $25.44/SF
− Vacancy
−$3.7K −$1.65/SF
EGI
$52.7K $23.79/SF
− OpEx
−$15.8K −$7.14/SF
NOI
$36.9K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$737,280
Cap Rate 7%
$526,629
Cap Rate 9%
$409,600
Alternative Uses
Best Use
Multifamily LT 5
$526.6K
$460.8K – $614.4K
NOI $36,864 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$418.0K
$365.7K – $487.6K
NOI $29,257 @ 7.0% cap · market cap 5.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
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Business Placement
Demographics for 02915, RI
16,603
Population
7,746
Households
2.1
Avg Household Size
47
Median Age
36%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,019
Density / Sq Mi
$90,558
Median Household Income
$61,062
Median Earnings
$1,482
Median Rent
$317,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in East Providence, RI
Properties on Market for Duplexes in East Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences have separate utilities, and the first-floor unit includes two full bathrooms.
Where is this duplex located?
The property is located at 77 Allen Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two three‑bedroom units; First‑floor unit includes a primary bedroom and two full bathrooms; Separate utilities for the two residences
