Duplex with In-Unit
For Sale
$719,999
89 Knowles, Providence, RI 02906
Two residential units feature flexible layouts, spacious kitchens, and laundry within each unit.
Property Size2,775 SF
Price / SF$259.46
Days on Market141
Property Features for 89 Knowles
General Information
Standard status
Active
Size
2,775 SF
Property subtype
Multi-Family
Zoning
R-3
Net Operating Income
$50,940
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,810
Amenities
in-unit laundry
Building Details
Building Size
2,775 SF
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
William Raveis Inspire
(401) 751-8100
Listed By:
Mariana Freitas Novo
(401) 230-9503
Source:
Churchillprop
Added: May 18
Changed: Oct 1
Last Checked: Oct 4 at 8:26AM
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 William Raveis Inspire
Investment Insights
Based on property information with market context.
This two-family property at 89 Knowles St in Providence includes two residential units with a combined 5/6 bedrooms, 3 full bathrooms, and 2 half bathrooms. Each unit has generous living areas, high ceilings, a kitchen, and in-unit laundry. The layouts also accommodate adaptable room configurations for bedrooms, office space, or guest use. The home was built in 1900 and includes lead certificates for both units.
The property is located on Providence’s East Side, near universities, shopping, dining, parks, and public transportation. Its two-unit configuration and varied interior spaces support multiple residential occupancy arrangements while retaining practical day-to-day features.
The property is located on Providence’s East Side, near universities, shopping, dining, parks, and public transportation. Its two-unit configuration and varied interior spaces support multiple residential occupancy arrangements while retaining practical day-to-day features.
Key Highlights
- Two‑family property with 5/6 bedrooms across two units
- 3 full bathrooms and 2 half bathrooms
- In‑unit laundry provided in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,859
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,180
$937.2K
Cap Rate 7%
$669,414
$669.4K
Cap Rate 9%
$520,656
$520.7K
Market Conditions
NOI Build-Up for 2,775 SF
Gross rent
$71.6K $25.80/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$66.9K $24.12/SF
− OpEx
−$20.1K −$7.24/SF
NOI
$46.9K $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%
$937,180
Cap Rate 7%
$669,414
Cap Rate 9%
$520,656
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.7K – $781.0K
NOI $46,859 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$601.3K
$526.1K – $701.5K
NOI $42,090 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$928.4K
$812.3K – $1.08M
NOI $64,987 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,656
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature flexible layouts, spacious kitchens, and laundry within each unit.
Where is this duplex located?
The property is located at 89 Knowles Providence, RI.
What is the asking price?
The asking price for this property is $719,999.
What are key features of this property?
This property features: Two‑family property with 5/6 bedrooms across two units; 3 full bathrooms and 2 half bathrooms; In‑unit laundry provided in both units
