Duplex with Garage
For Sale
$600,000
85 Moorland Avenue, Providence, RI 02908
Residential Income, Providence, RI
Property Size2,320 SF
Lot Size0.11 Acres
Price / SF$258.62
Days on Market26
Property Features for 85 Moorland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bedroom 5
Parking
6
Fireplace
1
Basement
Full, Partially Finished, Storage Space
Appliances
Tankless Water Heater
Subdivision
Elmhurst
Standard status
Active
Size
2,320 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3881
Utilities
Heating system
Baseboard, Oil
Amenities
rear deck
ceiling fans
Building Details
Year built
1952
Number of units
2
Flooring type
Hardwood, Carpet, Vinyl
Building materials
Vinyl Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Brian Greene · License #RES.0041590
(401) 824-6100
Added: Sep 10
Changed: Oct 3
Last Checked: Oct 5 at 3:06PM
MLS# 1422874
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 2,320-square-foot duplex includes a main residence and a separate one-bedroom, one-bathroom apartment above the garage. The apartment has its own kitchen and living area. Inside the main home, hardwood flooring, a breakfast bar, and a dedicated laundry area are among the described features; a full bathroom has a tub and shower. The property was built in 1952 and occupies a 0.11-acre lot.
A rear deck extends the outdoor space, while the garage has replacement doors and automatic lifters. Additional property details include vinyl siding, hardwood, vinyl and carpet flooring, and oil baseboard heat.
A rear deck extends the outdoor space, while the garage has replacement doors and automatic lifters. Additional property details include vinyl siding, hardwood, vinyl and carpet flooring, and oil baseboard heat.
Key Highlights
- 2,320 square feet on a 0.11‑acre lot
- Separate 1‑bedroom, 1‑bathroom apartment above the garage
- Apartment includes its own kitchen and living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,176
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,520
$783.5K
Cap Rate 7%
$559,657
$559.7K
Cap Rate 9%
$435,289
$435.3K
Market Conditions
NOI Build-Up for 2,320 SF
Gross rent
$59.9K $25.80/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$56.0K $24.12/SF
− OpEx
−$16.8K −$7.24/SF
NOI
$39.2K $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%
$783,520
Cap Rate 7%
$559,657
Cap Rate 9%
$435,289
Alternative Uses
Best Use
Multifamily LT 5
$559.7K
$489.7K – $652.9K
NOI $39,176 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$502.7K
$439.9K – $586.5K
NOI $35,189 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$776.2K
$679.2K – $905.5K
NOI $54,332 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,371
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?
Duplex - A separate apartment above the garage has its own kitchen and living area, offering a distinct second living space.
Where is this duplex located?
The property is located at 85 Moorland Avenue Providence, RI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 2,320 square feet on a 0.11‑acre lot; Separate 1‑bedroom, 1‑bathroom apartment above the garage; Apartment includes its own kitchen and living area
