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Two-Unit Property with In-Law Suite

98 Gloucester St, Providence, RI 02908

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For Sale

$565,000

Two-unit property in Wanskuck with a finished in-law suite.

Type:Multi Family

Property size:

2,364 SF

Lot size:

0.15 Acres

Price / SF:

$239/SF

HighLights

Legal two‑unit property offering immediate rental income potential.
Fully finished in‑law suite in the lower level with a modern upgraded kitchen and full bath.
Two updated units with modern kitchens and hardwood floors throughout.
Detached garage and double driveway provide ample parking.
Maintenance‑free exterior for easy upkeep.
Convenient location minutes from Smith Street, Providence College, and Downtown Providence.

We can help!

Listing Contact

Joy Riley

Learn more

For Sale

$565,000

Two-unit property in Wanskuck with a finished in-law suite.

Type:Multi Family

Property size:

2,364 SF

Lot size:

0.15 Acres

Price / SF:

$239/SF

Added:: Apr 8, 2026
Days on Market:: 66
Last Refresh:: Apr 20 at 7:02 pm

Property Features for 98 Gloucester St

General Information

Standard status: Active
Size: 2,364 SF
Lot size: 0.15 Acres
Property subtype: Multi Family

Building Details

Year Built: 1964

We can help!

Listing Contact

Joy Riley

Listing agent Jordan Healy

Listing office Westcott Properties

Listing date Apr 8, 2026

Source Lockandkeyre

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 Westcott Properties

HighLights

Legal two‑unit property offering immediate rental income potential.
Fully finished in‑law suite in the lower level with a modern upgraded kitchen and full bath.
Two updated units with modern kitchens and hardwood floors throughout.
Detached garage and double driveway provide ample parking.
Maintenance‑free exterior for easy upkeep.
Convenient location minutes from Smith Street, Providence College, and Downtown Providence.

Overview

This legal two-unit property, built in 1964, is located in Wanskuck. The building has three levels and a total size of 2,364 square feet, situated on a 6,737 square foot lot. The upper unit features three bedrooms, one bathroom, hardwood floors, and a modern kitchen. The first floor unit, formerly a three-bedroom layout, has been converted into a flowing living and kitchen area with two bedrooms and hardwood floors. The lower level contains a complete in-law suite with a modern upgraded kitchen and full bathroom. Additional features include a detached garage, double driveway, maintenance-free exterior, and a private rear yard. The property is located minutes from Smith Street, Providence College, and Downtown, with Boston within reach.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.0k	$25.80
− Vacancy	−$4.0k	−$1.68
EGI	$57.0k	$24.12
− OpEx	−$17.1k	−$7.24
NOI	$39.9k	$16.89

2,364 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$570.3K

$499.0K – $665.3K (±1% cap)

NOI $39,919 @ 7.0% cap · market cap 7.07%

Second Best

Apartment 5plus

$512.2K

$448.2K – $597.6K (±1% cap)

NOI $35,856 @ 7.0% cap · market cap 6.35%

Theoretical Best

Office A

$790.9K

$692.0K – $922.7K (±1% cap)

NOI $55,362 @ 7.0% cap · market cap 9.80%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Providence
County: Providence
State: Rhode Island
Longitude: -71.4373698
Latitude: 41.8517729

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For sale
Duplexes
RI
Providence
02908
98 Gloucester St

What type of property is this?

Duplex - Two-unit property in Wanskuck with a finished in-law suite.

Where is this duplex located?

The property is located at 98 Gloucester St Providence, RI.

What is the asking price?

The asking price for this property is $565,000.

What are key features of this property?

This property features: Legal two‑unit property offering immediate rental income potential.; **Fully finished in‑law suite** in the lower level with a modern upgraded kitchen and full bath.; Two updated units with **modern kitchens and hardwood floors throughout**.