Two-Unit Duplex
84 Seamans St, Providence, RI 02908
For Sale
$475,000
Two-unit residential property near Providence College and Rhode Island College with access to major regional routes.
Property Size1,314 SF
Price / SF$361.49
Days on Market54
Property Features for 84 Seamans St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Keller Williams South Watuppa
Listed By:
Philip Rebello · License RI RES.0043201
(508) 974-5402
Source:
Alpernandmesenbourg
Added: Sep 21
Changed: Oct 25
Last Checked: Oct 7 at 3:56PM
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 Keller Williams South Watuppa
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Investment Insights
Based on property information with market context.
This duplex contains two residential units and was built in 1930. The property is positioned in Providence’s Wanskuck/Elmhurst area, with a configuration suited to multifamily ownership and occupancy. The lot is described as large, with potential for additions, outdoor improvements, or future site development subject to buyer and buyer’s agent due diligence.
Daily conveniences are available along Douglas Ave and Smith St. Regional access includes Route 146 and I-95, while the Providence MBTA station provides an additional transportation connection. Providence College and Rhode Island College are nearby. Financing eligibility may vary by lender and loan program.
Daily conveniences are available along Douglas Ave and Smith St. Regional access includes Route 146 and I-95, while the Providence MBTA station provides an additional transportation connection. Providence College and Rhode Island College are nearby. Financing eligibility may vary by lender and loan program.
Key Highlights
- Two‑unit duplex property
- Built in 1930
- Located in Providence’s Wanskuck/Elmhurst area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,188
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,760
$443.8K
Cap Rate 7%
$316,971
$317.0K
Cap Rate 9%
$246,533
$246.5K
Market Conditions
NOI Build-Up for 1,314 SF
Gross rent
$33.9K $25.80/SF
− Vacancy
−$2.2K −$1.68/SF
EGI
$31.7K $24.12/SF
− OpEx
−$9.5K −$7.24/SF
NOI
$22.2K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,760
Cap Rate 7%
$316,971
Cap Rate 9%
$246,533
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.4K – $369.8K
NOI $22,188 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$284.7K
$249.1K – $332.2K
NOI $19,930 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$439.6K
$384.7K – $512.9K
NOI $30,772 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
613
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
$293,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property near Providence College and Rhode Island College with access to major regional routes.
Where is this duplex located?
The property is located at 84 Seamans St Providence, RI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex property; Built in 1930; Located in Providence’s Wanskuck/Elmhurst area
