Two-Unit Multifamily
New
For Sale
$299,900
836 Douglas Avenue, Providence, RI 02908
Each residence has three bedrooms and one bathroom, with gas heat serving the building.
Property Size1,680 SF
Price / SF$178.51
Days on Market4
Property Features for 836 Douglas Avenue
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Property Condition
Severity
Major Repairs Needed
Evidence
total degut
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty
Listed By:
Janet Audet · License #7766
(401) 486-7410
Source:
Lavonnelopes
Added: Oct 11
Changed: Oct 14
Last Checked: Oct 11 at 3:19AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Built in 1920, this multifamily property contains two residences, each configured with three bedrooms and one bathroom. The structure is described as sound, while the interior and exterior require substantial renovation, including work to the roof, windows, kitchens, bathrooms, flooring, and walls. Gas heat is present.
A walk-out basement and walk-up attic offer additional areas within the existing building; conversion of either space is not confirmed.
A walk-out basement and walk-up attic offer additional areas within the existing building; conversion of either space is not confirmed.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- Built in 1920
- Gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,481
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,620
$509.6K
Cap Rate 7%
$364,014
$364.0K
Cap Rate 9%
$283,122
$283.1K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$49.4K $29.40/SF
− Vacancy
−$3.1K −$1.82/SF
EGI
$46.3K $27.58/SF
− OpEx
−$20.8K −$12.41/SF
NOI
$25.5K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,620
Cap Rate 7%
$364,014
Cap Rate 9%
$283,122
Alternative Uses
Best Use
Apartment 5plus
$364.0K
$318.5K – $424.7K
NOI $25,481 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.1K
$491.8K – $655.7K
NOI $39,344 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence has three bedrooms and one bathroom, with gas heat serving the building.
Where is this multifamily property located?
The property is located at 836 Douglas Avenue Providence, RI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; Built in 1920; Gas heat
