Side-by-Side Duplex
For Sale
$769,900
98 Oakland Ave, Providence, RI 02908
Well-maintained 2009-built duplex offers side-by-side units with separate utilities, central HVAC, and fenced outdoor space.
Property Size3,842 SF
Price / SF$200.39
Days on Market99
Property Features for 98 Oakland Ave
General Information
Standard status
Active
Size
3,842 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Smith Hill
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2009
Listing Agency:
Real Broker, LLC
Listed By:
Paul Vasquez
(617) 407-8800
Source:
Alpernandmesenbourg
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 24 at 8:01PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This well-maintained side-by-side duplex was built in 2009 and features an efficient, modern layout in both units. Each home includes spacious eat-in kitchens with ample counter space and cabinetry, generously sized bedrooms, large closets, and multiple bathrooms. Central heating and air conditioning are provided, with separate utilities for each unit. Both finished basements add additional living or recreational space, and a fenced yard supports privacy and outdoor enjoyment.
The property is located in the Oakland Avenue Historic District, just minutes from College Hill. Convenient access is described to Providence College, Roger Williams Medical Center, and major highways including I-95. The offering is currently tenant-occupied, and the tenants have expressed interest in remaining.
With two separate residential units, central HVAC, and finished basement space, the property is positioned for immediate rental income while maintaining comfortable, functional layouts throughout.
The property is located in the Oakland Avenue Historic District, just minutes from College Hill. Convenient access is described to Providence College, Roger Williams Medical Center, and major highways including I-95. The offering is currently tenant-occupied, and the tenants have expressed interest in remaining.
With two separate residential units, central HVAC, and finished basement space, the property is positioned for immediate rental income while maintaining comfortable, functional layouts throughout.
Key Highlights
- Well‑maintained side‑by‑side duplex built in 2009 in the Oakland Avenue Historic District
- Each unit features spacious eat‑in kitchens with ample counter space and crown molding cabinetry
- Separate utilities for each unit, plus central heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,876
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,520
$1.3M
Cap Rate 7%
$926,800
$926.8K
Cap Rate 9%
$720,844
$720.8K
Market Conditions
NOI Build-Up for 3,842 SF
Gross rent
$99.1K $25.80/SF
− Vacancy
−$6.4K −$1.68/SF
EGI
$92.7K $24.12/SF
− OpEx
−$27.8K −$7.24/SF
NOI
$64.9K $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%
$1,297,520
Cap Rate 7%
$926,800
Cap Rate 9%
$720,844
Alternative Uses
Best Use
Multifamily LT 5
$926.8K
$811.0K – $1.08M
NOI $64,876 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$832.5K
$728.4K – $971.2K
NOI $58,273 @ 7.0% cap · market cap 7.57%
Theoretical Best
Office A
$1.29M
$1.12M – $1.50M
NOI $89,975 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained 2009-built duplex offers side-by-side units with separate utilities, central HVAC, and fenced outdoor space.
Where is this duplex located?
The property is located at 98 Oakland Ave Providence, RI.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Well‑maintained side‑by‑side duplex built in 2009 in the Oakland Avenue Historic District; Each unit features spacious eat‑in kitchens with ample counter space and crown molding cabinetry; Separate utilities for each unit, plus central heating and air conditioning
