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Renovated Three-Family with Buildable Potential

65 Veazie Street Providence, RI 02908

Claim this Listing
Pending
$675,000

MULTI_FAMILY - Providence, RI

Type:Apartment
Property size:
3,447 SF
Lot size:
0.15 Acres
Added:
Feb 19, 2026
Days on Market:
142
Last Refresh:
Jul 11 at 4:06 pm

Property Features for 65 Veazie Street

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
8
Bathrooms
3
Rooms
Bedroom 5, Basement, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 8
Parking
6
Parking features
Garage
Basement
Full, Finished
Appliances
Gas Water Heater
Standard status
Pending
Size
3,447 SF
Lot size
0.15 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
6399

Utilities

Heating system
Forced Air, Natural Gas

Building Details

Year built
1930
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 Feb 19, 2026

MLS# 1405237 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 extensively renovated three-family residence in Providence presents an investment opportunity with a potentially buildable lot located directly behind the property. The main building features two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Each unit offers open layouts, abundant natural light, and modern finishes, including updated flooring, contemporary fixtures, and stainless steel appliances. The property has undergone comprehensive renovations, including new mechanicals, electrical systems, and plumbing. Amenities include a convenient on-site laundry area and ample off-street parking for all residents. Situated on a 0.15-acre lot, the 3,447 square-foot property is located minutes from major highways, shopping, dining, and local amenities. The rear lot has potential for future development, expansion, or long-term value enhancement. This property is an opportunity for investors and owner-occupants alike.

Key Highlights

  • Extensively renovated three‑family residence with modern upgrades.
  • Potential buildable lot located directly behind the property.
  • Two spacious 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit with modern finishes.

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 $88.9k $25.80
− Vacancy −$5.8k −$1.68
EGI $83.2k $24.12
− OpEx −$24.9k −$7.24
NOI $58.2k $16.89
3,447 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$831.5K
$727.6K – $970.1K (±1% cap)
NOI $58,206 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$746.9K
$653.5K – $871.4K (±1% cap)
NOI $52,282 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M (±1% cap)
NOI $80,725 @ 7.0% cap · market cap 11.96%
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

Dental Office Real Estate Agency Cafe & Coffee Shop Accounting Firm Clothing & Fashion Store Butcher Nursing Home Nursing Home Daycare Center Florist

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

FAQs

What type of property is this?
Triplex - Extensively renovated three-family with buildable lot potential in Providence.
Where is this triplex located?
The property is located at 65 Veazie Street Providence, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Extensively renovated three‑family residence with modern upgrades.; Potential buildable lot located directly behind the property.; Two spacious 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit with modern finishes.
Contact an agent
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