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    Providence Multifamily Property with Potential Title is generated by Realmo AI

    32 Judith Street, Providence, RI 02909

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    Claim this Listing
    For Sale
    $635,000

    MULTI_FAMILY - Providence, RI

    Type:Apartment
    Property size:
    3,049 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $208/SF
    Added:
    Apr 5, 2026
    Days on Market:
    69
    Last Refresh:
    Jun 12 at 6:06 pm

    Property Features for 32 Judith Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Property condition
    Under Construction
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Basement, Bedroom 6, Bedroom 1, Bathroom 2, Bathroom 4
    Parking features
    Garage
    Basement
    Unfinished, Full
    Appliances
    Gas Water Heater
    Standard status
    Active
    Size
    3,049 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3715

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1859
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Vinyl, Carpet
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Yasah Pitcher

    Listing agent Yasah Pitcher

    Listing office Keller Williams Leading Edge 28 Thurber Boulevard, Lincoln, RI

    Listing date Apr 5, 2026

    MLS# 1409187 Listing URL

    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

    • Potential to convert to a four‑unit property, increasing revenue.
    • Newly renovated, vacant two‑bedroom unit (2L) ideal for owner‑occupant.
    • Newly renovated, spacious three‑bedroom townhouse‑style apartment (1R).
    • New energy‑efficient heating systems.
    • Tenants on month‑to‑month leases, allowing for market rent adjustments.
    • Located on a dead‑end street with ample on‑street parking.

    Overview

    Located in the Silver Lake area of Providence, this property offers three units with the potential to become a four-unit building. The first floor on the left side (1L) features an occupied two-bedroom unit. The second floor (2L) is a vacant, newly renovated two-bedroom unit. The third floor (3L) offers the potential to be converted into a three-bedroom unit. On the right side (1R) is a spacious, newly renovated three-bedroom townhouse-style apartment, with only one room currently rented. Situated on a dead-end street, the property benefits from ample on-street parking. New energy-efficient heating systems and 100-amp electrical panels are in place and in great condition. The large basement includes washer/dryer hookups and offers significant potential if finished. Tenants are on month-to-month leases, providing flexibility for new owners to obtain market rents. The property includes a nice-sized backyard. Utilities are paid separately by tenants. The property size is 3049 square feet on a lot of 0.07 acres.

    Local Financial Insights For Apartment 5plus

    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 $89.6k $29.40
    − Vacancy −$5.6k −$1.82
    EGI $84.1k $27.58
    − OpEx −$37.8k −$12.41
    NOI $46.2k $15.17
    3,049 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $660.7K
    $578.1K – $770.8K (±1% cap)
    NOI $46,246 @ 7.0% cap · market cap 7.28%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.02M
    $892.6K – $1.19M (±1% cap)
    NOI $71,404 @ 7.0% cap · market cap 11.24%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.445977
    Latitude
    41.813485

    FAQs

    What type of property is this?
    Multifamily property - Three-unit property in Providence with potential to become four.
    Where is this multifamily property located?
    The property is located at 32 Judith Street Providence, RI.
    What is the asking price?
    The asking price for this property is $635,000.
    What are key features of this property?
    This property features: Potential to convert to a four‑unit property, increasing revenue.; **Newly renovated, vacant two‑bedroom unit (2L) ideal for owner‑occupant.**; **Newly renovated, spacious three‑bedroom townhouse‑style apartment (1R).**
    More about this property
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