Two-Family Duplex with
New
For Sale
$795,000
88 Doyle Avenue, Providence, RI 02906
Residential Income, Providence, RI
Property Size3,300 SF
Lot Size0.13 Acres
Price / SF$240.91
Days on Market1
Property Features for 88 Doyle Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 3, Basement, Bedroom 7, Bathroom 1
Parking
8
Parking features
None
Window features
Insulated Windows
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Storage Space, Unfinished, Full
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
East Side / Mount Hope
Lot features
Paved Driveway, Paved, Sidewalks
Standard status
Active
Size
3,300 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9821
Utilities
Heating system
Steam, Natural Gas
Water source
Public
Building Details
Year built
1890
Floors in Building
3
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Plaster, Aluminum Siding
Buildings
1
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Gerri Schiffman
(401) 474-3733
Added: Oct 26
Last Checked: Oct 26 at 5:06AM
MLS# 1426887
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.
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Investment Insights
Based on property information with market context.
This 3,300-square-foot duplex, built in 1890, contains a first-floor apartment and a townhouse spanning the upper floors. The lower residence has a living room, dining room, kitchen, two bedrooms, and a bath. The townhouse has a comparable second-floor arrangement, with three additional bedrooms and a bath on the third floor. The property also features high ceilings, hardwood flooring, replacement windows, and steam heat fueled by natural gas. Listed appliances include a dishwasher, range, oven, refrigerator, washer, and dryer.
The property occupies a 0.13-acre lot and is zoned R-3. Tenants pay their own utilities.
The property occupies a 0.13-acre lot and is zoned R-3. Tenants pay their own utilities.
Key Highlights
- Two‑family duplex with a first‑floor apartment and an upper‑floor townhouse
- 3,300 square feet on a 0.13‑acre lot
- First‑floor residence includes two bedrooms, a living room, dining room, kitchen, and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,724
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,114,480
$1.1M
Cap Rate 7%
$796,057
$796.1K
Cap Rate 9%
$619,156
$619.2K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$85.1K $25.80/SF
− Vacancy
−$5.5K −$1.68/SF
EGI
$79.6K $24.12/SF
− OpEx
−$23.9K −$7.24/SF
NOI
$55.7K $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%
$1,114,480
Cap Rate 7%
$796,057
Cap Rate 9%
$619,156
Alternative Uses
Best Use
Multifamily LT 5
$796.1K
$696.6K – $928.7K
NOI $55,724 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$715.0K
$625.7K – $834.2K
NOI $50,053 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.10M
$966.0K – $1.29M
NOI $77,282 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
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Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
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 - A first-floor apartment and an upper-level townhouse create two distinct residential layouts.
Where is this duplex located?
The property is located at 88 Doyle Avenue Providence, RI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two‑family duplex with a first‑floor apartment and an upper‑floor townhouse; 3,300 square feet on a 0.13‑acre lot; First‑floor residence includes two bedrooms, a living room, dining room, kitchen, and bath
