Two-Unit Duplex with Hardwood
91 Terrace Avenue, Providence, RI 02909
For Sale
$760,000
A corner-lot property offers two four-bedroom residences, each with two full bathrooms and an open-concept layout.
Property Size2,600 SF
Price / SF$292.31
Days on Market28
Property Features for 91 Terrace Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Bathtub
Stall Shower
Tub Shower
Deck
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
My Dream Home Realty
(401) 437-6577
Listed By:
Dilia Vallejo
(401) 678-1725
Source:
Caldwellrealtyri
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 9 at 5:08PM
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 My Dream Home Realty
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Investment Insights
Based on property information with market context.
Built in 2026, this 2,600-square-foot duplex contains two residences, each configured with four bedrooms and two full bathrooms. Hardwood flooring runs throughout both units, and each home has an open-concept layout. The property sits on a corner lot in Providence near the Cranston line.
Key Highlights
- Two units, each with 4 bedrooms and 2 full bathrooms
- 2,600 square feet
- Built in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,904
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,080
$878.1K
Cap Rate 7%
$627,200
$627.2K
Cap Rate 9%
$487,822
$487.8K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$67.1K $25.80/SF
− Vacancy
−$4.4K −$1.68/SF
EGI
$62.7K $24.12/SF
− OpEx
−$18.8K −$7.24/SF
NOI
$43.9K $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%
$878,080
Cap Rate 7%
$627,200
Cap Rate 9%
$487,822
Alternative Uses
Best Use
Multifamily LT 5
$627.2K
$548.8K – $731.7K
NOI $43,904 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$563.4K
$492.9K – $657.3K
NOI $39,435 @ 7.0% cap · market cap 5.19%
Theoretical Best
Office A
$869.8K
$761.1K – $1.01M
NOI $60,889 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
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Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Providence, RI
Properties on Market for Duplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A corner-lot property offers two four-bedroom residences, each with two full bathrooms and an open-concept layout.
Where is this duplex located?
The property is located at 91 Terrace Avenue Providence, RI.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Two units, each with 4 bedrooms and 2 full bathrooms; 2,600 square feet; Built in 2026
