Side-by-Side Duplex
98 Oakland Avenue Providence, RI 02908
New
98 Oakland Avenue, Providence, RI, 02908
$769,900
For Sale
$769,900
MULTI_FAMILY - Providence, RI
Property Size4,353 SF
Lot Size0.10 Acres
Price / SF$176.87
Days on Market1
Property Features for 98 Oakland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- 2F-5F
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 6, Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Parking
- 4
- Parking features
- None
- Patio and Porch features
- Patio
- Interior features
- Wall (Cermaic), Wall (Dry Wall), Attic, Stairs, Insulation (Unknown)
- Exterior features
- Balcony, Patio
- Basement
- Full, Finished
- Appliances
- Electric Water Heater, Dishwasher, Dryer, Disposal, Range Hood, Microwave, Oven/Range, Refrigerator, Trash Compactor
- Standard status
- Active
- Size
- 4,353 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5057
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2009
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Hardwood, Laminate, Tile - Ceramic
- Building materials
- Ceramic, Dry Wall, Vinyl Siding
Listing Agency
Real Broker, Llc
(855) 450-0442
10 Dorrance Street, Providence, RI
Listed by
Paul Vasquez
(855) 450-0442
Added: Jul 16 Checked: Jul 16 at 11:06 pm
MLS# 1417930
Listing URL
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.
98 Oakland Avenue is a well-maintained side-by-side duplex built in 2009, featuring an efficient, modern layout in each unit. Each home includes spacious eat-in kitchens and multiple bathrooms, with generously sized bedrooms and large closets. Central heating and air conditioning are provided, and utilities are separate for each unit. Both finished basements add additional living or recreational space.
The property is located in the Oakland Avenue Historic District and is described as minutes from College Hill, with convenient access to Providence College, Roger Williams Medical Center, major highways including I-95, and everyday needs such as schools, healthcare, shopping, dining, and downtown Providence.
The fenced yard supports privacy and outdoor use. The duplex is currently tenant-occupied, and the tenants have expressed interest in remaining, offering the possibility of immediate rental income.
The property is located in the Oakland Avenue Historic District and is described as minutes from College Hill, with convenient access to Providence College, Roger Williams Medical Center, major highways including I-95, and everyday needs such as schools, healthcare, shopping, dining, and downtown Providence.
The fenced yard supports privacy and outdoor use. The duplex is currently tenant-occupied, and the tenants have expressed interest in remaining, offering the possibility of immediate rental income.
Key Highlights
- Side‑by‑side duplex built in 2009, located in the Oakland Avenue Historic District
- Central forced‑air heat with central air conditioning
- Separate utilities for each unit
Local Financial Insights For Apartment 5plus
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 | $128.0k | $29.40 |
| − Vacancy | −$7.9k | −$1.82 |
| EGI | $120.0k | $27.58 |
| − OpEx | −$54.0k | −$12.41 |
| NOI | $66.0k | $15.17 |
4,353 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$918.8K – $1.23M
NOI $73,505 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$943.2K
$825.3K – $1.10M
NOI $66,024 @ 7.0% cap · market cap 8.58%
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,942 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained 2009-built duplex with central heating and air, separate utilities, and fenced yard, currently tenant-occupied.
Where is this duplex located?
The property is located at 98 Oakland Avenue 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: Side‑by‑side duplex built in 2009, located in the Oakland Avenue Historic District; Central forced‑air heat with central air conditioning; Separate utilities for each unit
