Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    308 Pleasant Valley Pkwy Providence, RI 02908

    Sponsored
    For Sale
    Pending
    $699,900

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Lot size:
    0.10 Acres
    Days on Market:
    79
    Last Refresh:
    Feb 4 at 2:06 pm

    Property Features for 308 Pleasant Valley Pkwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Pending
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 6, Basement, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1
    Bedrooms
    8
    Bathrooms
    3
    Parking
    6
    Parking features
    Garage
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Appliances
    Gas Water Heater
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1920
    Number of units
    3
    Flooring type
    Tile - Ceramic, Hardwood
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Kyle Seyboth

    Century 21 Limitless (508) 726-3492

    Listing agent Kyle Seyboth (508) 726-3492

    Listing date Nov 18, 2025

    MLS# 1399879

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Elmhurst Three-Family Home

    This well-maintained three-family home is located in the Elmhurst neighborhood of Providence, Rhode Island. The first and second-floor units each feature three bedrooms and one full bathroom. The third unit offers two bedrooms and one bathroom. Each unit includes an eat-in kitchen and double parlor. The exterior features low-maintenance vinyl siding and a paved driveway that accommodates up to six vehicles. The property is situated near major highways, restaurants, shops, and other amenities. This property is suitable for investors or owner-occupants seeking to generate rental income. It combines comfort and charm in a sought-after area. The property is a multifamily residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.43226
    Latitude
    41.836105

    Nearby Similar for Sale

    • $2,975,000
      0.23 Acres

      Income-Generating Multi-Family Opportunity

      Two multi-family homes in Providence's East Side.
      134 Irving Ave, Providence, RI 02906
      View Details
    • New
      $565,000
      Pending

      Elmhurst Two-Family Home

      Well-maintained two-family home in desirable Elmhurst neighborhood.
      82 Lucille St, Providence, RI 02908
      View Details
    • New
      $549,000
      0.11 Acres

      Well-Maintained Two-Family Property

      Two-family property with on-site parking in a convenient location.
      20 Gridley St, Providence, RI 02904
      View Details
    • New
      $1,029,900
      0.09 Acres

      Providence Multifamily Investment Opportunity

      East Side triplex near Brown University, ideal for investors.
      125 Taber Ave, Providence, RI 02906
      View Details
    • $599,900
      Pending

      Providence Multifamily Investment Opportunity

      Well-maintained four-unit property with a mix of layouts.
      57 Fairmount Ave, Providence, RI 02908
      View Details
    • New
      $2,095,000
      0.09 Acres

      Providence Multifamily Investment Opportunity

      Two-building, eight-unit property in desirable Fox Point neighborhood.
      84 Transit St, Providence, RI 02906
      View Details
    • New
      $2,095,000
      0.09 Acres

      Providence Multifamily Investment Opportunity

      Eight-unit property in desirable Fox Point neighborhood, Providence.
      84 Transit St, Providence, RI 02906
      View Details
    • $599,900
      0.07 Acres

      Well-Maintained Multifamily Property

      Four units, good-sized lot, off-street parking in Providence, RI.
      53 Fairmount Ave, Providence, RI 02908
      View Details
    • New
      $1,250,000
      0.12 Acres

      East Side Four-Unit Residence

      Stunning four-unit residence with city views and expansion potential.
      14 Doyle Ave, Providence, RI 02906
      View Details
    • New
      $679,000
      0.07 Acres

      New Construction Duplex in Providence

      Turnkey, new construction duplex with modern amenities and potential for expansion.
      17 Judith St, Providence, RI 02909
      View Details
    • New
      $1,395,000
      0.08 Acres

      College Hill Four-Unit Investment Property

      Four units near Prospect Street in desirable College Hill neighborhood.
      109 Bowen St, Providence, RI 02906
      View Details
    • New
      $650,000
      Pending

      East Side Multifamily Opportunity

      Two structures on a corner lot in Providence and Pawtucket.
      80 Hillside Ave, Providence, RI 02906
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained three-family home in Providence's desirable Elmhurst neighborhood.
    Where is this triplex located?
    The property is located at 308 Pleasant Valley Pkwy Providence, RI.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - Prime Elmhurst location in Providence, RI.; - Three units: two with 3 bedrooms/1 bath, one with 2 bedrooms/1 bath, offering versatile living or rental income potential.; - Paved driveway with parking for up to 6 vehicles.
    (508) 726-3492
    Request Owner's contact information
    308 Pleasant Valley Pkwy Providence, RI 02908
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    308 Pleasant Valley Pkwy
    Providence, RI 02908
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    308 Pleasant Valley Pkwy Providence, RI 02908
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kyle Seyboth
    Real Estate License ID: REB.0794296
    (508) 726-3492
    Learn more
    Google sign-in failed. Please try again or use another login method.