Five-Bedroom Duplex with Adjoining
For Sale
$690,000
98 Wadsworth Street, Providence, RI 02907
Residential Income, Providence, RI
Property Size2,424 SF
Lot Size0.08 Acres
Price / SF$284.65
Days on Market63
Property Features for 98 Wadsworth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Basement, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 2
Parking
10
Parking features
None
Basement
Finished, Full
Appliances
Electric Water Heater
Standard status
Active
Size
2,424 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3583
Utilities
Heating system
Electric (Heating), Baseboard
Building Details
Year built
1912
Number of units
2
Flooring type
Hardwood
Building materials
Vinyl Siding
Listing Agency:
Century 21 Visionary Group · Century 21 Real Estate
(401) 380-6020
Listed By:
Emmanuel Correa · License #46071
(401) 996-5755
Added: Aug 12
Changed: Sep 16
Last Checked: Oct 13 at 2:06PM
MLS# 1420001
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.
This 2,424-square-foot duplex was built in 1912 and includes five bedrooms, two bathrooms, and a basement. Interior features include hardwood flooring, vinyl siding, electric baseboard heat, and an electric water heater. The property has no parking listed.
The sale includes the adjoining lot and must be completed as a package. The property offers convenient access to Downtown Providence, I-95, Route 10, public transportation, hospitals, universities, shopping, dining, and parks. Federal Hill, the Jewelry District, and Providence Place are also nearby.
Any additional units, future development, or changes in use require confirmation through zoning review, approvals, and applicable permits.
The sale includes the adjoining lot and must be completed as a package. The property offers convenient access to Downtown Providence, I-95, Route 10, public transportation, hospitals, universities, shopping, dining, and parks. Federal Hill, the Jewelry District, and Providence Place are also nearby.
Any additional units, future development, or changes in use require confirmation through zoning review, approvals, and applicable permits.
Key Highlights
- 2,424‑square‑foot duplex with five bedrooms and two bathrooms
- 0.08‑acre lot size with adjoining lot included in the sale
- Built in 1912 with a basement and hardwood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,932
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$818,640
$818.6K
Cap Rate 7%
$584,743
$584.7K
Cap Rate 9%
$454,800
$454.8K
Market Conditions
NOI Build-Up for 2,424 SF
Gross rent
$62.5K $25.80/SF
− Vacancy
−$4.1K −$1.68/SF
EGI
$58.5K $24.12/SF
− OpEx
−$17.5K −$7.24/SF
NOI
$40.9K $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%
$818,640
Cap Rate 7%
$584,743
Cap Rate 9%
$454,800
Alternative Uses
Best Use
Multifamily LT 5
$584.7K
$511.7K – $682.2K
NOI $40,932 @ 7.0% cap · market cap 5.93%
Second Best
Apartment 5plus
$525.2K
$459.6K – $612.8K
NOI $36,766 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$811.0K
$709.6K – $946.1K
NOI $56,767 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,063
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property near downtown, transportation, hospitals, universities, shopping, dining, and parks.
Where is this duplex located?
The property is located at 98 Wadsworth Street Providence, RI.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,424‑square‑foot duplex with five bedrooms and two bathrooms; 0.08‑acre lot size with adjoining lot included in the sale; Built in 1912 with a basement and hardwood flooring
