New Construction
For Sale
$825,000
88 Coggeshall St, Providence, RI 02904
Two residential units include separate utilities, appliance packages, and laundry space on each level.
Property Size3,000 SF
Price / SF$275
Days on Market47
Property Features for 88 Coggeshall St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Charles
Building Details
Year Built
2026
Listing Agency:
RE/MAX Preferred
Listed By:
Sally Rianna · License #S30517
(401) 486-1337
Source:
Alpernandmesenbourg
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 24 at 6:05PM
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 RE/MAX Preferred
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Investment Insights
Based on property information with market context.
This 2026 two-family residence is arranged in an up-and-down configuration, with one home on each level. Both units offer 4 bedrooms and 2 bathrooms, along with included stoves, refrigerators, microwaves, and dishwashers. Each floor also has designated laundry space. Separate utilities, gas heat, central air, and maintenance-free vinyl siding are planned, with 6-inch construction throughout.
The property includes off-street parking for at least 3 vehicles and is located near Providence College. Shopping, dining, and public transportation are also identified in the surrounding area. Additional street parking may be available through the City of Providence with a permit.
The property includes off-street parking for at least 3 vehicles and is located near Providence College. Shopping, dining, and public transportation are also identified in the surrounding area. Additional street parking may be available through the City of Providence with a permit.
Key Highlights
- Two units, each with 4 bedrooms and 2 bathrooms
- Appliances included in both units: stove, refrigerator, microwave, and dishwasher
- Separate utilities with laundry space on each level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,658
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,013,160
$1.0M
Cap Rate 7%
$723,686
$723.7K
Cap Rate 9%
$562,867
$562.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$77.4K $25.80/SF
− Vacancy
−$5.0K −$1.68/SF
EGI
$72.4K $24.12/SF
− OpEx
−$21.7K −$7.24/SF
NOI
$50.7K $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%
$1,013,160
Cap Rate 7%
$723,686
Cap Rate 9%
$562,867
Alternative Uses
Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K
NOI $50,658 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$650.0K
$568.8K – $758.4K
NOI $45,502 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$1.00M
$878.2K – $1.17M
NOI $70,256 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
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Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
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 - Two residential units include separate utilities, appliance packages, and laundry space on each level.
Where is this duplex located?
The property is located at 88 Coggeshall St 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: Two units, each with 4 bedrooms and 2 bathrooms; Appliances included in both units: stove, refrigerator, microwave, and dishwasher; Separate utilities with laundry space on each level
