Legal Three-Unit
173 Whittier Avenue Providence, RI 02909
For Sale
$660,000
Pending
MULTI_FAMILY - Providence, RI
Property Size3,182 SF
Lot Size0.11 Acres
Days on Market158
Property Features for 173 Whittier Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bathroom 1, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 4, Basement, Bedroom 1
- Parking
- 6
- Parking features
- None
- Interior features
- Plumbing (Mixed), Insulation (Unknown)
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 3,182 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3921
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
Listing Agency:
Circle 100 Real Estate
(401) 336-6083
Listed By:
Dilia Vallejo
(401) 678-1725
Added: Feb 16
Changed: Jul 23
Last Checked: Jul 24 at 7:06PM
MLS# 1405040
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.
Welcome to 173 Whittier Avenue, a legal three-unit multifamily property with a fenced corner lot and ample outdoor space. The exterior is described as well maintained, and the property provides off-street parking for residents and guests. Each of the three units offers a spacious layout.
Updates noted by the seller include new electrical throughout the property, new smoke/combo alarms, and improvements to the bathrooms, kitchens, and floors. The property is positioned for convenient access to nearby groceries, retail, essential services, and it is also described as being close to schools, restaurants, and a hospital.
This offering is presented for sale as a residential income property suitable for both renters and owner-occupants.
Updates noted by the seller include new electrical throughout the property, new smoke/combo alarms, and improvements to the bathrooms, kitchens, and floors. The property is positioned for convenient access to nearby groceries, retail, essential services, and it is also described as being close to schools, restaurants, and a hospital.
This offering is presented for sale as a residential income property suitable for both renters and owner-occupants.
Key Highlights
- Legal 3‑unit multifamily property built in 1910
- Fenced corner lot with ample off‑street parking for residents and guests
- Natural gas heating with baseboard; gas water heater
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 | $82.1k | $25.80 |
| − Vacancy | −$5.3k | −$1.68 |
| EGI | $76.8k | $24.12 |
| − OpEx | −$23.0k | −$7.24 |
| NOI | $53.7k | $16.89 |
3,182 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$767.6K
$671.7K – $895.5K
NOI $53,732 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.06M
$931.5K – $1.24M
NOI $74,519 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Legal 3-unit multifamily on a fenced corner lot with off-street parking and updated interiors including kitchens, baths, and electrical.
Where is this triplex located?
The property is located at 173 Whittier Avenue Providence, RI.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Legal 3‑unit multifamily property built in 1910; Fenced corner lot with ample off‑street parking for residents and guests; Natural gas heating with baseboard; gas water heater
