117 Cole Avenue, Providence, RI 02906
- Added:
- May 13, 2026
- Days on Market:
- 35
- Last Refresh:
- Jun 16 at 8:06 pm
Property Features for 117 Cole Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-1
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 6
- Parking
- 6
- Patio and Porch features
- Patio, Porch
- Interior features
- Stairs, Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Patio, Porch
- Fireplace
- 1
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Dishwasher, Oven/Range, Refrigerator
- Standard status
- Pending
- Size
- 3,078 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 16421
Utilities
- Heating system
- Natural Gas, Steam
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Tile - Ceramic
Listing agent Jim DeRentis (401) 439-7705
Listing office Residential Properties Ltd. 140 Wickenden Street, RI (401) 274-6740
Listing date May 13, 2026
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.
HighLights
- Prime East Side location in Providence, walkable to Wayland Square, universities, and Downtown.
- Legal 3‑family property, ideal for investors or owner‑occupants.
- Upgraded units with newer kitchens and bathrooms, retaining historic charm.
- Original hardwood floors throughout all 3 units.
- Two‑car detached garage and sizable backyard.
- Immediate income‑producing asset with long‑term appreciation potential.
Overview
Local Financial Insights For Multifamily LT 5
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 | $79.4k | $25.80 |
| − Vacancy | −$5.2k | −$1.68 |
| EGI | $74.3k | $24.12 |
| − OpEx | −$22.3k | −$7.24 |
| NOI | $52.0k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.387749
- Latitude
- 41.837348
