38 Mitchell Street, Providence, RI 02907
MULTI_FAMILY - Providence, RI
- Added:
- Apr 16, 2026
- Days on Market:
- 58
- Last Refresh:
- Jun 12 at 12:06 am
Property Features for 38 Mitchell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 9, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 7, Bathroom 1, Bedroom 8, Basement, Bedroom 3, Bedroom 5, Bedroom 1
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Porch
- Interior features
- Wall (Dry Wall), Attic, Attic Storage, Stairs, Plumbing (PVC), Insulation (Unknown)
- Exterior features
- Balcony, Porch
- Basement
- Partially Finished, Full, Storage Space
- Appliances
- Gas Water Heater, Microwave, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 3,474 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4331
Utilities
- Heating system
- Baseboard, Central, Natural Gas, Forced Air
- Cooling system
- Window Unit(s), Central Air
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Vinyl, Laminate
- Building materials
- Dry Wall, Vinyl Siding
- Additional Structures
- Storage
Listing agent Jose Duce Rocher License #RES.0045130 (508) 726-3492
Listing office Century 21 Limitless 323 Turnpike Street, East Providence, RI (617) 749-7178
Listing date Apr 16, 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
- 3‑family multi‑unit property built in 1910 with a corner‑lot layout
- 9 bedrooms and 3.5 bathrooms total across the three units
- Each unit updated for low‑maintenance living, with bonus rooms included
- Upper unit offers central air; lower units include baseboard heating
- Includes a large basement with ample storage space
- Security system plus garage parking with both on‑street and off‑street parking
Overview
The site offers both on-street and off-street parking, supporting tenant access and everyday convenience. The property is described as an easy-to-show, turnkey investment.
For buyers seeking a manageable rental setup, the unit-by-unit updates and dedicated parking options help reduce near-term work. The presence of a large basement can also support storage needs for residents and operations. With a security system in place and multiple bedrooms and bonus rooms available across all units, the layout is designed to accommodate common residential tenant requirements.
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 | $89.6k | $25.80 |
| − Vacancy | −$5.8k | −$1.68 |
| EGI | $83.8k | $24.12 |
| − OpEx | −$25.1k | −$7.24 |
| NOI | $58.7k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.419809
- Latitude
- 41.801045
