Two-Unit Duplex with In-Unit
For Sale
$698,900
89 Knowles Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size3,899 SF
Lot Size0.09 Acres
Price / SF$179.25
Days on Market141
Property Features for 89 Knowles Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bathroom 2, Basement, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 4
Parking features
None
Interior features
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Walls)
Basement
Full, Unfinished, Storage Space
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater, Tankless Water Heater
Subdivision
East Side
Standard status
Active
Size
3,899 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4810
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Ductless
Water source
Public
Amenities
in unit laundry
Building Details
Year built
1900
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile - Ceramic
Building materials
Dry Wall, Vinyl Siding
Listing Agency:
William Raveis Inspire
(401) 751-8100
Listed By:
Mariana Freitas Novo
(401) 230-9503
Added: May 18
Changed: Sep 26
Last Checked: Oct 5 at 6:06PM
MLS# 1410946
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 3,899-square-foot duplex, built in 1900, contains two units with a combined 5/6 bedrooms, three full bathrooms, and two half bathrooms. Both units have kitchens, living areas, and in-unit laundry. The property also includes hardwood and ceramic tile flooring, forced-air natural gas heat, and ductless cooling. Appliances include a dishwasher, range, oven, refrigerator, washer, and dryer, along with gas and tankless water heaters.
Set on a 0.0928-acre lot at 89 Knowles Street in Providence’s East Side, the property is near universities, shopping, restaurants, parks, and public transportation. Lead certificates are available for both units.
Set on a 0.0928-acre lot at 89 Knowles Street in Providence’s East Side, the property is near universities, shopping, restaurants, parks, and public transportation. Lead certificates are available for both units.
Key Highlights
- Two‑unit duplex with a combined 5/6 bedrooms
- 3,899 square feet on a 0.0928‑acre lot
- Three full bathrooms and two half bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,138
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,760
$1.2M
Cap Rate 7%
$844,829
$844.8K
Cap Rate 9%
$657,089
$657.1K
Market Conditions
NOI Build-Up for 3,899 SF
Gross rent
$114.6K $29.40/SF
− Vacancy
−$7.1K −$1.82/SF
EGI
$107.5K $27.58/SF
− OpEx
−$48.4K −$12.41/SF
NOI
$59.1K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,760
Cap Rate 7%
$844,829
Cap Rate 9%
$657,089
Alternative Uses
Best Use
Multifamily LT 5
$940.6K
$823.0K – $1.10M
NOI $65,839 @ 7.0% cap · market cap 9.42%
Second Best
Apartment 5plus
$844.8K
$739.2K – $985.6K
NOI $59,138 @ 7.0% cap · market cap 8.46%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,310 @ 7.0% cap · market cap 13.06%
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide flexible room layouts and convenient access to universities, retail, dining, parks, and public transportation.
Where is this duplex located?
The property is located at 89 Knowles Street Providence, RI.
What is the asking price?
The asking price for this property is $698,900.
What are key features of this property?
This property features: Two‑unit duplex with a combined 5/6 bedrooms; 3,899 square feet on a 0.0928‑acre lot; Three full bathrooms and two half bathrooms
