3-Unit Residential
For Sale
Under Contract
$549,800
54 Candace Street, Providence, RI 02908
Residential Income, Providence, RI
Property Size2,337 SF
Lot Size0.07 Acres
Price / SF$235.26
Days on Market162
Property Features for 54 Candace Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Basement, Bedroom 1
Parking
6
Parking features
None
Interior features
Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
Basement
Unfinished, Full
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Lot features
Paved Driveway
Standard status
Active Under Contract
Size
2,337 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6563
Utilities
Heating system
Natural Gas, Baseboard
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Laminate, Hardwood
Building materials
Plaster, Other Siding
Listing Agency:
Keller Williams Leading Edge · Keller Williams Realty
(401) 333-4900
Listed By:
Riley White · License #REB.0019467
(401) 575-1285
Added: Apr 28
Changed: Sep 26
Last Checked: Oct 6 at 7:06AM
MLS# 1411218
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 three-family residential property in Providence contains 2,337 square feet on a 0.07-acre lot. The room information lists six bedrooms and three bathrooms. Interior finishes include vinyl, laminate, and hardwood flooring, with plaster walls and mixed plumbing. The kitchen appliances include an oven, range, refrigerator, and gas water heater.
Built in 1900, the property has natural gas baseboard heating and a basement. Exterior materials include plaster and other siding.
Built in 1900, the property has natural gas baseboard heating and a basement. Exterior materials include plaster and other siding.
Key Highlights
- Three‑family property with 2,337 square feet of building area
- Six bedrooms and three bathrooms
- 0.07‑acre lot in Providence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,463
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,260
$789.3K
Cap Rate 7%
$563,757
$563.8K
Cap Rate 9%
$438,478
$438.5K
Market Conditions
NOI Build-Up for 2,337 SF
Gross rent
$60.3K $25.80/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$56.4K $24.12/SF
− OpEx
−$16.9K −$7.24/SF
NOI
$39.5K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,260
Cap Rate 7%
$563,757
Cap Rate 9%
$438,478
Alternative Uses
Best Use
Multifamily LT 5
$563.8K
$493.3K – $657.7K
NOI $39,463 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$506.4K
$443.1K – $590.8K
NOI $35,446 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$781.9K
$684.1K – $912.2K
NOI $54,730 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,669
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Natural gas baseboard heating serves this Providence multifamily property.
Where is this triplex located?
The property is located at 54 Candace Street Providence, RI.
What is the asking price?
The asking price for this property is $549,800.
What are key features of this property?
This property features: Three‑family property with 2,337 square feet of building area; Six bedrooms and three bathrooms; 0.07‑acre lot in Providence
