Updated Victorian Duplex with Flex
97 Jenkins St, Providence, RI 02906
For Sale
$854,900
Two residential units and adaptable third-floor space support owner-occupant or investment use.
Property Size2,190 SF
Price / SF$390.37
Days on Market62
Property Features for 97 Jenkins St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
private yard
brick patio
garden area
Building Details
Year Built
Construction
Listing Agency:
Century 21 Limitless
Listed By:
Omar Valerio · License RI RES.0044011
(401) 688-8315
Source:
Alpernandmesenbourg
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 14 at 11:43AM
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 Century 21 Limitless
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Investment Insights
Based on property information with market context.
Built in 1900, this 2,190-square-foot Victorian duplex includes two residential units and a versatile third-floor flex area. Recent improvements include a new roof, modern appliances, and updated fixtures, while original architectural character remains part of the property’s presentation. The configuration supports owner occupancy with rental income or continued use as an investment property.
Outdoor space includes a private yard, brick patio, and garden area. The property is located at 97 Jenkins St in Providence’s East Side, with Brown, RISD, Miriam Hospital, and Whole Foods described as minutes away. Parks, shops, and cafes are also nearby, adding to the surrounding residential and institutional context.
Outdoor space includes a private yard, brick patio, and garden area. The property is located at 97 Jenkins St in Providence’s East Side, with Brown, RISD, Miriam Hospital, and Whole Foods described as minutes away. Parks, shops, and cafes are also nearby, adding to the surrounding residential and institutional context.
Key Highlights
- Two‑unit Victorian property with third‑floor flex space
- 2,190 square feet built in 1900
- New roof, modern appliances, and updated fixtures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,981
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,620
$739.6K
Cap Rate 7%
$528,300
$528.3K
Cap Rate 9%
$410,900
$410.9K
Market Conditions
NOI Build-Up for 2,190 SF
Gross rent
$56.5K $25.80/SF
− Vacancy
−$3.7K −$1.68/SF
EGI
$52.8K $24.12/SF
− OpEx
−$15.8K −$7.24/SF
NOI
$37.0K $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%
$739,620
Cap Rate 7%
$528,300
Cap Rate 9%
$410,900
Alternative Uses
Best Use
Multifamily LT 5
$528.3K
$462.3K – $616.4K
NOI $36,981 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$474.5K
$415.2K – $553.6K
NOI $33,217 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$732.7K
$641.1K – $854.8K
NOI $51,287 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
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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
$582,700
Median Home Value
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Market
Average Price Trend$/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 - Two residential units and adaptable third-floor space support owner-occupant or investment use.
Where is this duplex located?
The property is located at 97 Jenkins St Providence, RI.
What is the asking price?
The asking price for this property is $854,900.
What are key features of this property?
This property features: Two‑unit Victorian property with third‑floor flex space; 2,190 square feet built in 1900; New roof, modern appliances, and updated fixtures
