Updated Duplex Townhouse
851 Manton Avenue Providence, RI 02909
851 Manton Avenue, Providence, RI, 02909
$539,900
For Sale
$539,900
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 Market23
Property Features for 851 Manton Avenue
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing agency
Yorway Realty
(401) 954-0324
Listed by
Stephanie Barbusci
Source
Lockandkeyre
Added: Jul 1 Updated: Jul 21 at 6:12AM Checked: Jul 23 at 5:30AM
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
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
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 | $46.4k | $25.80 |
| − Vacancy | −$3.0k | −$1.68 |
| EGI | $43.4k | $24.12 |
| − OpEx | −$13.0k | −$7.24 |
| NOI | $30.4k | $16.89 |
1,800 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Avenue 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
