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Updated Multi-Family Home, Providence, RI

43 Jenkins Street Providence, RI 02906

Claim this Listing
For Sale
$650,000

MULTI_FAMILY - Providence, RI

Type:Apartment
Property size:
2,700 SF
Lot size:
0.12 Acres
Price / SF:
$240/SF
Added:
May 24, 2026
Days on Market:
49
Last Refresh:
Jul 11 at 6:06 pm

Property Features for 43 Jenkins Street

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
3
Bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1
Parking
6
Parking features
Garage
Basement
Unfinished, Full
Appliances
Gas Water Heater
Standard status
Active
Size
2,700 SF
Lot size
0.12 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
4363

Utilities

Heating system
Baseboard, Natural Gas

Building Details

Year built
1900
Number of units
3
Flooring type
Laminate
Building materials
Vinyl Siding

Listing agent Kyle Seyboth License #REC.0005226

Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI

Listing date May 24, 2026

MLS# 1413443 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.


Investment Insights

Based on property information with market context.

This updated 3-family home in Providence, RI, presents a turnkey opportunity for investors or owner-occupants. Each unit includes 1 bedroom and 1 full bathroom, complemented by renovations throughout the property. The property features new kitchens with modern finishes, new flooring, updated electrical systems, fresh paint, and new siding. Additional improvements include a new roof and a newly paved driveway. Off-street parking is available. The property is located near major highways, public transportation, shopping, and local amenities. The lot size is 0.12 acres, and the property size is 2700 square feet.

Key Highlights

  • 3‑family home; each unit has 1 bedroom and 1 full bathroom
  • Brand‑new kitchens with modern finishes
  • Updates include new flooring, fresh paint, and updated electrical

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 $69.7k $25.80
− Vacancy −$4.5k −$1.68
EGI $65.1k $24.12
− OpEx −$19.5k −$7.24
NOI $45.6k $16.89
2,700 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$651.3K
$569.9K – $759.9K (±1% cap)
NOI $45,592 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$585.0K
$511.9K – $682.5K (±1% cap)
NOI $40,952 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$903.3K
$790.4K – $1.05M (±1% cap)
NOI $63,231 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Daycare Center (Bike/Boat/Book/etc) Store Storage Facility Carpet & Flooring Store Tattoo & Piercing Shop Electrical Service HVAC Service Florist (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

FAQs

What type of property is this?
Triplex - Updated 3-family home near highways, transportation, shopping, and amenities.
Where is this triplex located?
The property is located at 43 Jenkins Street Providence, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3‑family home; each unit has 1 bedroom and 1 full bathroom; Brand‑new kitchens with modern finishes; Updates include new flooring, fresh paint, and updated electrical
Contact an agent
More about this property
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