Committed to Maximizing Value for 353 Manton Ave

Seamless, Transparent, and Profitable Sale – With over 13 years of experience, I provide expert guidance every step of the way, ensuring top dollar, full transparency, and a smooth, stress-free transition.

Meet Alex

Expert Guidance for Property Sales in Providence.

Selling a property requires local expertise and a strategic approach. With extensive experience in the Providence market, I provide tailored solutions to ensure a smooth and successful transaction. My approach includes targeted marketing, professional photography, and a results-driven strategy designed to maximize the property’s value. By navigating the complexities of property sales with professionalism and efficiency, I help investors achieve the best possible outcome while ensuring compliance with legal and market requirements.

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Streamlined Sales for Efficiency and Solvency

Clear & Transparent Process

Stay informed with regular updates and a shared document for smooth coordination.

Smart Strategy & Pricing

A customized plan ensures fairness, efficiency, and data-driven pricing to maximize value.

Safe, Fast & Even Enjoyable

With a structured, compassionate approach, I make the process secure, seamless, and as stress-free as possible.

Why Alex Parmenidez is the Right Choice

Your Property Market Analysis & Comparable Listings

See how your property compares to similar homes on the market and gain insights into selling for top dollar

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353 Manton Ave, Providence, RI 02909

Supporting Your Needs Every Step of the Way

01

Initial Consultation

Together, we’ll discuss your goals and concerns.

03 Listing Preparation

From staging to professional photography, I handle it all.

02

Home Valuation & CMA

I’ll provide a clear, data-driven property valuation.

04 Market & Show

I’ll manage showings with discretion, ensuring respect for both parties’ schedules

06 Closing

Clear expectations, final documentation, and support until the last step.

05 Offer Review & Negotiation

Both parties will review offers, and I’ll offer unbiased guidance to secure the best possible terms.

The Success Blueprint

LISTING DOCUMENTS

DOCUMENTS

YOUR DATA

PROPERTY

PROVEN. POWERFUL. PERSONAL

SUCCESS

LIST YOUR HOME WITH CONFIDENCE

CONFIDENCE

Executive Summary

353–355 Manton Avenue • Providence, RI • Multi-Family (2 Units)

Property Overview

353–355 Manton Avenue is a modern two-unit, up/down multi-family home located in Providence’s Mount Pleasant neighborhood. Built in 2007, it offers a total of 2,039 sq ft (≈1,019 sq ft per unit) across three levels with six bedrooms and twelve rooms. Its relatively young age and solid configuration position it well against comparable multi-family assets nearby.

Year Built	2007
Configuration	Up/Down • 2 Units • 3 Levels
Total/Per-Unit Area	2,039 sq ft total • ~1,019 sq ft/unit
Bedrooms/Rooms	6 Bedrooms • 12 Rooms

Market Positioning & Valuation

Recent sales of similar two-family homes in Providence support an estimated market value range of $575,000–$625,000. Comparable sales have closed quickly (average ≈23 days on market), with several achieving prices above list, signaling sustained buyer demand. The average sold price per square foot among nearby comparables is approximately $273, aligning with a mid-$500K to low-$600K valuation after minor lot-size and age adjustments.

A closely comparable property on Manton Avenue expired after extended market time at $629,900, suggesting that pricing above the low-$600Ks may risk longer time on market.

Investment Performance

Assuming a $600,000 value and local 3-bedroom market rents around $2,200 per unit per month:

Gross Rental Income: ≈ $52,800/year
Gross Yield: ≈ 8.8%
Net Yield: ≈ 4–5% (after typical operating expenses)
Cap Rate: ≈ 4.2–5.0% (in line with Providence Class A/B small multi-family)

±10% rent variation shifts net yield between roughly 3.2% and 5.1%.

Market Conditions & Trends

Providence’s multi-family segment remains competitive, with continued rental growth and low inventory. Buyer activity has moderated slightly due to pricing and rate pressures, but median prices and absorption for well-positioned two-families remain solid.

Recommendations

List Range: Target $575K–$625K for competitive absorption.
Investor Messaging: Highlight 8.8% gross yield, modern 2007 construction, and low maintenance appeal.
Owner-Occupant Messaging: Emphasize 3-level layout and rental income potential to offset mortgage costs.
Upside Levers: Cosmetic and amenity updates (e.g., in-unit laundry, improved parking) could support $2,400–$2,500/unit rents.