Side-by-Side
95 Providence Street, West Warwick, RI 02893
For Sale
$485,000
Pending
Residential Income, West Warwick, RI
Property Size2,005 SF
Lot Size0.15 Acres
Days on Market51
Property Features for 95 Providence Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
View
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Ri Real Estate Services
(401) 885-5400
Listed By:
Elizabeth Carrison · License RI RES.0043248
(401) 500-6377
Added: Sep 23
Changed: Oct 28
Last Checked: Nov 12 at 10:06PM
MLS# 1416211
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.
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Investment Insights
Based on property information with market context.
Built in 1900, this three-level, side-by-side two-family property contains 2,005 square feet on a 0.146-acre lot and is zoned R7.5. The two residences have separate utilities and individual laundry facilities. The 95 address includes four bedrooms, two full bathrooms, a first-level summer kitchen, and finished bonus areas. The 97 address has three bedrooms and one full bathroom. A patio is also part of the property.
The property is near schools, shopping, and dining, with access to I-95, I-295, Route 2/Bald Hill Road, and Route 4. Both units are expected to be vacant at transfer. The roof is approximately 10 years old.
The property is near schools, shopping, and dining, with access to I-95, I-295, Route 2/Bald Hill Road, and Route 4. Both units are expected to be vacant at transfer. The roof is approximately 10 years old.
Key Highlights
- Legal two‑family property with side‑by‑side units across three levels
- 2,005 square feet on a 0.146‑acre lot; zoned R7.5
- 95 Providence Street: 4 bedrooms, 2 full baths, and a first‑level summer kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,132
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,640
$582.6K
Cap Rate 7%
$416,171
$416.2K
Cap Rate 9%
$323,689
$323.7K
Market Conditions
NOI Build-Up for 2,005 SF
Gross rent
$44.5K $22.20/SF
− Vacancy
−$2.9K −$1.44/SF
EGI
$41.6K $20.76/SF
− OpEx
−$12.5K −$6.23/SF
NOI
$29.1K $14.53/SF
Area
Kent County, RI
Vacancy
6.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,640
Cap Rate 7%
$416,171
Cap Rate 9%
$323,689
Alternative Uses
Best Use
Multifamily LT 5
$416.2K
$364.2K – $485.5K
NOI $29,132 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$502.2K
$439.4K – $585.9K
NOI $35,152 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
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Business Placement
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in West Warwick, RI
Properties on Market for Duplexes in West Warwick
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility services and laundry facilities serve each residence; both units are slated for vacancy at transfer.
Where is this duplex located?
The property is located at 95 Providence Street West Warwick, RI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Legal two‑family property with side‑by‑side units across three levels; 2,005 square feet on a 0.146‑acre lot; zoned R7.5; 95 Providence Street: 4 bedrooms, 2 full baths, and a first‑level summer kitchen
