Providence Multifamily Investment
125 Taber Avenue Providence, RI 02906
125 Taber Avenue, Providence, RI, 02906
$999,990
Pending
For Sale
$999,990
Pending
MULTI_FAMILY - Providence, RI
Property Size4,072 SF
Lot Size0.09 Acres
Days on Market134
Property Features for 125 Taber Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Basement, Bedroom 2
- Parking
- 3
- Parking features
- None
- Window features
- Insulated Windows
- Interior features
- Insulation (Unknown)
- Fireplace
- 1
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Gas Water Heater, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 4,072 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12722
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Oil, Space Heater, Steam
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Laminate, Tile - Ceramic
- Building materials
- Wood
Listing agency
Here Realty
(401) 862-1251
Listed by
James Luth
(401) 649-2358
Added: Mar 11 Updated: Jul 16 at 3:23PM Checked: Jul 22 at 4:06PM
MLS# 1406234
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.
Located on the East Side of Providence, near Brown University, 125 Taber Avenue is a legal three-family property. The building contains a total of six bedrooms. Each floorplan features hardwood floors, modern finishes, and updated kitchens. Tenants benefit from separate utilities, laundry access, and off-street parking. A backyard provides outdoor space. The property conveys with lead certificates. The property is located minutes from Brown University, Ives Street, India Point, shopping, and local restaurants. The property offers expansion possibilities in the lower level. The property contains 4,072 square feet and is situated on a lot of 0.09 acres.
Key Highlights
- Legal three‑family home with 6 total bedrooms and multiple floorplans
- Hardwood, laminate, and ceramic tile flooring throughout
- Updated kitchens and modern finishes on each unit
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 | $105.1k | $25.80 |
| − Vacancy | −$6.8k | −$1.68 |
| EGI | $98.2k | $24.12 |
| − OpEx | −$29.5k | −$7.24 |
| NOI | $68.8k | $16.89 |
4,072 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$982.3K
$859.5K – $1.15M
NOI $68,760 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$882.3K
$772.0K – $1.03M
NOI $61,762 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,361 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - East Side triplex near Brown University, ideal for investors.
Where is this triplex located?
The property is located at 125 Taber Avenue Providence, RI.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: Legal three‑family home with 6 total bedrooms and multiple floorplans; Hardwood, laminate, and ceramic tile flooring throughout; Updated kitchens and modern finishes on each unit
