Two-Unit Duplex with Full
For Sale
$549,999
94 Clym Street, Providence, RI 02908
Two residential units offer a practical duplex layout with basement space and convenient regional highway access.
Property Size2,513 SF
Price / SF$218.86
Days on Market71
Property Features for 94 Clym Street
General Information
Standard status
Active
Size
2,513 SF
Property subtype
MultiFamily
Additional Details
Highway Access
Yes
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
HERE Realty
(401) 862-1251
Listed By:
Oteeven Diggs · License #RES.0042696
(401) 548-2351
Source:
Lockandkeyre
Added: Jul 28
Changed: Oct 4
Last Checked: Oct 5 at 6:31PM
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 HERE Realty
Investment Insights
Based on property information with market context.
Built in 1930, this duplex contains two residential units, each configured with 3 bedrooms, within a 2,513-square-foot building. A newer roof and full basement add to the property’s existing improvements, while the basement may support a future ADU subject to approvals.
The property is located near I-95 North & South and Route 146, providing access to regional commuting routes. The sale is contingent on the seller finding suitable housing.
The property is located near I-95 North & South and Route 146, providing access to regional commuting routes. The sale is contingent on the seller finding suitable housing.
Key Highlights
- Two 3‑bedroom residential units
- 2,513‑square‑foot duplex built in 1930
- Newer roof and full basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,435
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$848,700
$848.7K
Cap Rate 7%
$606,214
$606.2K
Cap Rate 9%
$471,500
$471.5K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$64.8K $25.80/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$60.6K $24.12/SF
− OpEx
−$18.2K −$7.24/SF
NOI
$42.4K $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%
$848,700
Cap Rate 7%
$606,214
Cap Rate 9%
$471,500
Alternative Uses
Best Use
Multifamily LT 5
$606.2K
$530.4K – $707.3K
NOI $42,435 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$544.5K
$476.5K – $635.3K
NOI $38,116 @ 7.0% cap · market cap 6.93%
Theoretical Best
Office A
$840.7K
$735.6K – $980.9K
NOI $58,851 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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 offer a practical duplex layout with basement space and convenient regional highway access.
Where is this duplex located?
The property is located at 94 Clym Street Providence, RI.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: Two 3‑bedroom residential units; 2,513‑square‑foot duplex built in 1930; Newer roof and full basement
