New Two-Family
79 Anthony Avenue Providence, RI 02909
New
79 Anthony Avenue, Providence, RI, 02909
$849,900
For Sale
$849,900
Newly built two-family property with two separate units, in-unit laundry, central air, and gas heating.
Property Size3,900 SF
Price / SF$217.92
Days on Market2
Property Features for 79 Anthony Avenue
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing agency
Greco Real Estate
Listed by
Dhamarys Murillo · License #39449
Source
Onshorerealtors
Added: Jul 22 Updated: Jul 23 at 1:49AM Checked: Jul 23 at 3:11AM
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.
Newly built two-family residence scheduled for estimated completion in September 2026. Unit 1 is configured in a townhouse-style layout across two levels with 7 bedrooms and 3 full bathrooms, including a main floor with 4 bedrooms and 2 full baths plus a finished walkout lower level with 3 additional bedrooms and a full bathroom. Unit 2 offers 4 bedrooms and 2 full bathrooms.
Both units feature contemporary kitchens, open-concept living spaces with natural light, recessed lighting, in-unit laundry, energy-efficient gas heating, and central air conditioning. Hardwood flooring and high-end finishes are included throughout, creating a move-in-ready setup when completed.
With separate unit layouts and a combined total of 11 bedrooms and 5 full bathrooms, the property is designed to support a range of residential living arrangements for owner-occupants and investors.
Both units feature contemporary kitchens, open-concept living spaces with natural light, recessed lighting, in-unit laundry, energy-efficient gas heating, and central air conditioning. Hardwood flooring and high-end finishes are included throughout, creating a move-in-ready setup when completed.
With separate unit layouts and a combined total of 11 bedrooms and 5 full bathrooms, the property is designed to support a range of residential living arrangements for owner-occupants and investors.
Key Highlights
- Newly built two‑family property (Year Built: 2026) with two separate units and 11 bedrooms total
- Unit 1: townhouse‑style layout with 7 bedrooms and 3 full bathrooms across two levels plus a finished walkout lower level
- Unit 2: 4 bedrooms and 2 full bathrooms, suited for multi‑generational living or rental flexibility
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.6k | $25.80 |
| − Vacancy | −$6.5k | −$1.68 |
| EGI | $94.1k | $24.12 |
| − OpEx | −$28.2k | −$7.24 |
| NOI | $65.9k | $16.89 |
3,900 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly built two-family property with two separate units, in-unit laundry, central air, and gas heating.
Where is this duplex located?
The property is located at 79 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: Newly built two‑family property (Year Built: 2026) with two separate units and 11 bedrooms total; Unit 1: townhouse‑style layout with 7 bedrooms and 3 full bathrooms across two levels plus a finished walkout lower level; Unit 2: 4 bedrooms and 2 full bathrooms, suited for multi‑generational living or rental flexibility
