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55 Lexington Ave, North Providence, RI, 02904

2beds
2baths
1,436sqft
$529,000
$368price/sqft
$4,026/moest. monthly cost
$161,040/yrincome needed

About This Home

Excellent opportunity for an owner-occupant or investor! This well-maintained 2-family home is situated on a large lot featuring a beautiful yard with mature plantings and flowers, a welcoming front porch, storage shed, and a long driveway with ample off-street parking. Both units will be vacant at closing, offering flexibility for owner occupancy or rental income. The first-floor unit features a spacious eat-in kitchen with gas stove, living room with hardwood flooring and a built-in A/C unit, full bath, and bedroom with double crown molding, double closet, and a second built-in A/C unit. The second-floor unit includes a freshly painted exterior staircase and deck, eat-in kitchen with gas stove, full bath, dining room living room or possible 2nd bedroom, and bedroom, with new carpeting throughout the living areas and a built-in A/C unit in the living room. The tenants pay for their own utilities. Improvements include a roof approximately 6 years old and new gutters with gutter guards installed 2 years ago. Connected to town water and sewer. Taxes do not reflect the 20% homestead exemption available to owner-occupants.

Getting Around

71
WalkingVery Walkable
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

3/10
Joseph A. Whelan SchoolGrades K-50.4 mi
7/10
Birchwood Middle SchoolGrades 6-80.6 mi
5/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Stone
  • Construction materials: Dry Wall,Plaster,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater,Dishwasher,Dryer,Disposal,Oven/Range,Refrigerator
  • Laundry features: In Building

Basement

  • Has basement: Yes
  • Basement: Full,Interior Entry,Unfinished,Laundry,Storage Space,Utility

Bathroom

  • Features: Bath w Tub & Shower

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Wall (Dry Wall),Wall (Plaster),Stairs,Plumbing (Mixed),Insulation (None),Ceiling Fan(s)
  • Flooring: Ceramic Tile,Hardwood,Vinyl,Carpet
  • Fireplace features: None

Heating & Cooling

  • Heating features: Natural Gas,Baseboard,Forced Water
  • Cooling features: Individual Unit,Wall Unit(s)

Interior Area

  • Total structure area: 2,501
  • Total interior livable area: 1,436 sqft

Property

Details

  • Parcel number: NPROM5L411
  • Attached to another structure: Yes
  • Zoning: RL10
  • Foundation area: 792

Features

  • Stories: 2
  • Patio & porch: Porch

Lot

  • Lot size: 8,999 sqft

Parking

  • Total spaces: 7
  • Parking features: No Garage,Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Tsunami

FEMA Declared Disasters Across Rhode Island Counties

Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,674$32,088
Home Insurance *$231$2,772
Property Taxes $732$8,784
Electricity $389$4,675
Total$4,026$48,312
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,034/yr
40% on housing$120,780/yr
45% on housing$107,360/yr

Rhode Island FAIR Plan Programs

Rhode Island Joint Reinsurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 16,029Commercial: 109
Total Premiums$36.73M
Total Exposure$6.14B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 6.7%
6.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$368This listing

vs Other Active Listings

Avg $/sqft

ZIP 02904$200
Providence County$248

vs Homes Sold Last Month

Median $/sqft

ZIP 02904$256
Providence County$271

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Price change$499,000
2026-07-14Price change$529,000
2026-06-25Price change$549,000
2026-06-15Listed for sale$575,000

For Sale by Agent

AgentBlanchet Group
BrokerageRE/MAX Town & Country

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