Duplex with Three-Story Townhouse
For Sale
$825,000
88 Doyle Avenue, Providence, RI 02906
Residential Income, Providence, RI
Property Size2,891 SF
Lot Size0.13 Acres
Price / SF$285.37
Days on Market19
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 3, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 3, Basement, Bedroom 4, Bathroom 2, Bedroom 7
Parking
8
Parking features
None
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished, Full
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
East Side / Mt. Hope
Lot features
Paved Driveway, Paved
Standard status
Active
Size
2,891 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9821
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Amenities
in-building washer & dryer
Building Details
Year built
1890
Floors in Building
4
Number of units
2
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Plaster, Aluminum Siding
Listing Agency:
Residential Properties Ltd.
(401) 274-6740
Listed By:
Gerri Schiffman · License #RES.0025339
(401) 474-3733
Added: Sep 17
Changed: Sep 28
Last Checked: Oct 5 at 5:06PM
MLS# 1423641
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 2,891-square-foot duplex, built in 1890, contains two residences on a 0.13-acre lot. The first-floor apartment has two bedrooms, one bathroom, a kitchen, and two adjoining parlors. A townhouse-style residence spans the second and third floors, with five bedrooms, two full bathrooms, and a bonus storage room. Its second-floor level includes a kitchen and two parlors. High ceilings and hardwood flooring are among the interior features, and a washer and dryer are located in the building.
The property is zoned R-3. The sale is contingent on purchasing the adjoining property at 84-86 Doyle Ave as well.
The property is zoned R-3. The sale is contingent on purchasing the adjoining property at 84-86 Doyle Ave as well.
Key Highlights
- Two legal residences with seven bedrooms and three bathrooms
- 2,891 square feet on a 0.13‑acre lot
- First‑floor unit has two bedrooms, one bathroom, kitchen, and two parlors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,818
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,360
$976.4K
Cap Rate 7%
$697,400
$697.4K
Cap Rate 9%
$542,422
$542.4K
Market Conditions
NOI Build-Up for 2,891 SF
Gross rent
$74.6K $25.80/SF
− Vacancy
−$4.8K −$1.68/SF
EGI
$69.7K $24.12/SF
− OpEx
−$20.9K −$7.24/SF
NOI
$48.8K $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%
$976,360
Cap Rate 7%
$697,400
Cap Rate 9%
$542,422
Alternative Uses
Best Use
Multifamily LT 5
$697.4K
$610.2K – $813.6K
NOI $48,818 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$626.4K
$548.1K – $730.8K
NOI $43,849 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$967.2K
$846.3K – $1.13M
NOI $67,704 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The two residences include seven bedrooms, three bathrooms, and laundry equipment inside the building.
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 $825,000.
What are key features of this property?
This property features: Two legal residences with seven bedrooms and three bathrooms; 2,891 square feet on a 0.13‑acre lot; First‑floor unit has two bedrooms, one bathroom, kitchen, and two parlors
