98 Andem St. Providence, RI 02909
MULTI_FAMILY - Providence, RI
Property Features for 98 Andem St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 3, Basement
- Parking
- 4
- Parking features
- None
- Interior features
- Wall (Plaster), Stairs
- Basement
- Unfinished, Storage Space, Partial
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,265 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6178
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1885
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Plaster, Shingles
Listing agent Melanie Fougere (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date May 20, 2026
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.
The property is located in Providence, with convenient access to downtown and major highways, as well as nearby dining, shopping, and local amenities. It sits in an established neighborhood.
With a total building size of 2,265 square feet on a 0.092-acre lot, the property is well-suited for investors seeking rental income or owner-occupants looking for supplemental income.
Key Highlights
- Well‑maintained two‑family home at 98 Andem Street in Providence
- Separate living spaces for rental income, multi‑generational living, or owner‑occupancy with supplemental income
- Built in 1885 with hardwood flooring, plaster walls, and stairs
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.4k | $25.80 |
| − Vacancy | −$3.8k | −$1.68 |
| EGI | $54.6k | $24.12 |
| − OpEx | −$16.4k | −$7.24 |
| NOI | $38.2k | $16.89 |
