61 Douglas Avenue Providence, RI 02908
MULTI_FAMILY - Providence, RI
- Added:
- Jun 29, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 11 at 4:06 pm
Property Features for 61 Douglas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Basement, Bedroom 5, Bedroom 3, Bathroom 1, Bedroom 1
- Parking
- 2
- Parking features
- None
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,552 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3553
Utilities
- Heating system
- Steam, Natural Gas
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Hardwood, Laminate
- Building materials
- Vinyl Siding
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Jun 29, 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.
Investment Insights
Based on property information with market context.
Located along Douglas Avenue in Providence, the address offers straightforward access to area dining, grocery, retail shops, and neighborhood services. The property is also described as minutes from Downtown Providence, with nearby proximity to Providence College, Rhode Island College, and Providence Place Mall. Commuter routes listed include Route 6, Route 146, Interstate 95, and Interstate 295.
For prospective tenants, owner-occupants, or buyers, this configuration supports a flexible living-and-rental arrangement with three separate residential units. The basement provides additional functional space for storage and laundry use, which can help improve day-to-day usability across the property.
Key Highlights
- Well‑maintained 3‑family home built in 1930 in Providence
- Each unit features spacious layouts with abundant windows for natural light
- Full unfinished basement with washer and dryer for added convenience and storage
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 | $104.4k | $29.40 |
| − Vacancy | −$6.5k | −$1.82 |
| EGI | $98.0k | $27.58 |
| − OpEx | −$44.1k | −$12.41 |
| NOI | $53.9k | $15.17 |
