Updated Duplex Townhouse
For Sale
$539,900
851 Manton Ave, Providence, RI 02909
Side-by-side townhouse-style duplex offers two 3-bedroom units with in-unit laundry, updated interiors, and oversized two-car garages.
Property Size1,800 SF
Price / SF$299.94
Days on Market99
Property Features for 851 Manton Ave
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Site & Location
Neighborhood
Manton
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Yorway Realty
Listed By:
Stephanie Barbusci
(401) 954-0324
Source:
Alpernandmesenbourg
Added: Jul 20
Changed: Oct 26
Last Checked: Oct 7 at 1:32PM
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 Yorway Realty
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Investment Insights
Based on property information with market context.
851 Manton Avenue presents a beautifully updated, side-by-side townhouse-style duplex designed to feel like two separate homes under one roof. Each unit includes three bedrooms, one full bath, updated kitchens and bathrooms, new flooring, and in-unit laundry for everyday convenience. The layout provides privacy while maintaining a comfortable, functional flow within each side.
The property includes a fenced backyard for outdoor use. Under each unit, there is an oversized two-car garage with room for vehicles, storage, and additional projects.
Located close to shopping, restaurants, schools, parks, public transportation, and major highways, the duplex offers straightforward access to area amenities. The home is move-in ready, with updates throughout and clear upside for owner-occupancy alongside rental income.
The property includes a fenced backyard for outdoor use. Under each unit, there is an oversized two-car garage with room for vehicles, storage, and additional projects.
Located close to shopping, restaurants, schools, parks, public transportation, and major highways, the duplex offers straightforward access to area amenities. The home is move-in ready, with updates throughout and clear upside for owner-occupancy alongside rental income.
Key Highlights
- 1940‑built side‑by‑side townhouse‑style duplex with two 3‑bedroom units and 1 full bath per unit
- Updated kitchens and bathrooms, plus new flooring in both units
- In‑unit laundry in each of the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,395
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,900
$607.9K
Cap Rate 7%
$434,214
$434.2K
Cap Rate 9%
$337,722
$337.7K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$46.4K $25.80/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$43.4K $24.12/SF
− OpEx
−$13.0K −$7.24/SF
NOI
$30.4K $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%
$607,900
Cap Rate 7%
$434,214
Cap Rate 9%
$337,722
Alternative Uses
Best Use
Multifamily LT 5
$434.2K
$379.9K – $506.6K
NOI $30,395 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$390.0K
$341.3K – $455.0K
NOI $27,301 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$602.2K
$526.9K – $702.6K
NOI $42,154 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side townhouse-style duplex offers two 3-bedroom units with in-unit laundry, updated interiors, and oversized two-car garages.
Where is this duplex located?
The property is located at 851 Manton Ave Providence, RI.
What is the asking price?
The asking price for this property is $539,900.
What are key features of this property?
This property features: 1940‑built side‑by‑side townhouse‑style duplex with two 3‑bedroom units and 1 full bath per unit; Updated kitchens and bathrooms, plus new flooring in both units; In‑unit laundry in each of the two units
