New Construction Two-Family
84 Coggeshall Street, Providence, RI 02904
MULTI_FAMILY - Providence, RI
Property size:
3,000 SFLot size:
0.07 AcresPrice / SF:
$275/SF- Added:
- Mar 9, 2026
- Days on Market:
- 68
- Last Refresh:
- May 15 at 8:06 pm
Property Features for 84 Coggeshall Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- R3
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 7, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 8, Basement, Bedroom 9, Bathroom 1, Bedroom 3
- Parking
- 3
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Wall (Dry Wall), Attic Storage, Stairs, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)
- Exterior features
- Porch
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Electric Water Heater, Dishwasher, Microwave, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
Utilities
- Heating system
- Heat Pump (Heating), Natural Gas
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Dry Wall, Vinyl Siding
- Additional Structures
- Storage
Listing agent Sally Rianna License #S30517 (401) 353-2200
Listing office Re/Max Preferred 1417 Douglas Avenue, North Providence, RI (401) 353-2200
Listing date Mar 9, 2026
MLS# 1405872
Listing URL
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.
HighLights
- New construction two‑family home with 9 bedrooms and 3 bathrooms, offering high rental income potential near Providence College.
- Two spacious units: Unit 1 features 3 bedrooms and 1 bathroom; Unit 2 is a townhouse‑style unit with 6 bedrooms and 2 full bathrooms.
- Separate utilities and laundry area on each floor.
- Includes stainless steel appliances in both units.
- Gas heat, heat pump with central air, and quality 6‑inch construction with maintenance‑free vinyl siding.
- Off‑street parking for 3‑4 vehicles and convenient location close to shopping, dining, and public transportation.
Overview
This new construction two-family home is located on a corner lot in close proximity to Providence College. The property features two spacious units. Unit 1, located on the first level, offers 3 bedrooms and 1 bathroom. Unit 2 is a town-house style unit on the second floor with an upper level, featuring a total of 6 bedrooms and 2 full bathrooms, including a rec room space. The property has a total of 9 bedrooms and 3 bathrooms. Both units include stainless steel appliances: stove, refrigerator, microwave, and dishwasher. Each floor has a laundry area. The property has separate utilities, gas heat, and a heat pump, which includes central air. Constructed with quality 6-inch construction and maintenance-free vinyl siding. Window wells will be added to the basement, providing the option for future bedrooms. Off-street parking is available for 3-4 vehicles. The 0.0674-acre lot is conveniently located close to shopping, dining, and public transportation. The 3,000 square foot property is ideal for owner-occupants or rental income, with potential for a large monthly rental income, making it suitable for large families or college living.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$562.9K
NOI $50,658 @ 9.00% cap · cautious / downside scenario
Moderate
$723.7K
NOI $50,658 @ 7.00% cap · market / base-case scenario
Aggressive
$1.01M
NOI $50,658 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $25.80 |
| − Vacancy | −$5.0k | −$1.68 |
| EGI | $72.4k | $24.12 |
| − OpEx | −$21.7k | −$7.24 |
| NOI | $50.7k | $16.89 |
3,000 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K
NOI $50,658 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$650.0K
$568.8K – $758.4K
NOI $45,502 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.00M
$878.2K – $1.17M
NOI $70,256 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.428048
- Latitude
- 41.845122
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home near Providence College with income potential.
Where is this duplex located?
The property is located at 84 Coggeshall Street Providence, RI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: New construction two‑family home with 9 bedrooms and 3 bathrooms, offering high rental income potential near Providence College.; Two spacious units: Unit 1 features 3 bedrooms and 1 bathroom; Unit 2 is a townhouse‑style unit with 6 bedrooms and 2 full bathrooms.; Separate utilities and laundry area on each floor.
