Two-Unit Duplex with
New
For Sale
$549,900
77 Allen Avenue, East Providence, RI 02915
Residential Income, East Providence, RI
Property Size2,214 SF
Lot Size0.11 Acres
Price / SF$248.37
Days on Market1
Property Features for 77 Allen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 3, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bedroom 4
Parking
4
Parking features
None
Basement
Unfinished, Full
Appliances
Gas Water Heater
Standard status
Active
Size
2,214 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6775
Utilities
Heating system
Forced Air, Steam, Natural Gas
Building Details
Year built
1900
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Vinyl Siding
Listing Agency:
Re/Max Professionals · RE/MAX International
(401) 884-6050
Listed By:
Robert Rinn · License #RES.0044179
(401) 633-5788
Added: Nov 2
Last Checked: Nov 2 at 11:06AM
MLS# 1426970
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 2,214-square-foot duplex, built in 1900, contains two three-bedroom residences. The first-floor unit has a primary bedroom and two full bathrooms. A full basement provides additional storage, and the property has separate utilities. Interior finishes include hardwood and carpet flooring, with vinyl siding on the exterior.
The parcel measures 0.1148 acres and includes a newly installed driveway and a backyard. Gas water heating is listed among the property’s features.
The parcel measures 0.1148 acres and includes a newly installed driveway and a backyard. Gas water heating is listed among the property’s features.
Key Highlights
- Two residences, each with three bedrooms
- First‑floor unit includes a primary bedroom and two full bathrooms
- 2,214 square feet of building area
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, 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 residences, each with three bedrooms; First‑floor unit includes a primary bedroom and two full bathrooms; 2,214 square feet of building area
