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Corner Two-Family Under Construction

84 Coggeshall Street Providence, RI 02904

84 Coggeshall Street, Providence, RI, 02904
$825,000
For Sale
Claim this Listing
$825,000

MULTI_FAMILY - Providence, RI

Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$275
AddedMar 9
Days on Market129
Last RefreshJul 15 at 11:06 am

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 7, Bedroom 8, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 9, Basement, Bedroom 5
Parking
3
Parking features
None
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

Listing office Re/Max Preferred 1417 Douglas Avenue, North Providence, RI

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.


Investment Insights

Based on property information with market context.

This two-family residence on a corner lot is under construction with updates noted in the remarks, including installed windows, completed siding, and plastered interior walls. The intended layout is an up-and-down configuration with separate units and separate utilities. Unit 1 is planned as a first-level unit with three bedrooms and one bathroom, and Unit 2 is planned as a second-floor, town-house style unit with additional bedrooms plus a rec room and a total of three bedrooms. Stainless steel appliances are referenced as included for both units, and each floor is noted to have its own laundry area. The home is planned with gas heat and heat pump service, with central air, and features vinyl siding and Pella windows. The basement includes window wells with an option for future bedrooms at the buyer’s expense.

The property is located in Providence, near Providence College, and is described as convenient to shopping, dining, and public transportation.

Off-street parking is indicated for 3+ vehicles, and the construction is described as 6-inch throughout.

Key Highlights

  • Under construction 2‑family home (year built 2026) with construction noted as 6‑inch throughout
  • Unit 1 (1st level): 3 bedrooms and 1 bathroom with basement space
  • Unit 2 (2nd floor townhouse style): 3 additional bedrooms plus rec room, for 6 total bedrooms and 2 full bathrooms

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 $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 Uses

Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K (±1% cap)
NOI $50,658 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$650.0K
$568.8K – $758.4K (±1% cap)
NOI $45,502 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.00M
$878.2K – $1.17M (±1% cap)
NOI $70,256 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Acupuncture Carpet & Flooring Store Cafe & Coffee Shop Dental Office Veterinary Clinic (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Garden Center Discount Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family property with separate utilities, planned central air, and off-street parking for 3+ vehicles.
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: Under construction 2‑family home (year built 2026) with construction noted as 6‑inch throughout; Unit 1 (1st level): 3 bedrooms and 1 bathroom with basement space; Unit 2 (2nd floor townhouse style): 3 additional bedrooms plus rec room, for 6 total bedrooms and 2 full bathrooms
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