Prime Providence Multi-Family
104 Tell Street, Providence, RI 02909
- Added:
- Apr 1, 2026
- Days on Market:
- 47
- Last Refresh:
- May 17 at 6:06 am
Property Features for 104 Tell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 2, Basement, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bathroom 3
- Parking
- 6
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Wall (Plaster), Stairs, Wet Bar, Plumbing (Mixed), Insulation (Ceiling), Insulation (Walls)
- Basement
- Full, Unfinished, Storage Space
- Appliances
- Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 2,576 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8253
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Dry Wall, Plaster, Wood
Listing agent Alexis Cardoso (401) 439-7705
Listing office Residential Properties Ltd. 140 Wickenden Street, RI (401) 274-6740
Listing date Apr 1, 2026
MLS# 1408984
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.
HighLights
- Prime location near Historic Broadway, Atwells Avenue, and Downtown Providence.
- Handsomely renovated owner's unit with new kitchen (granite countertops, Samsung appliances), tiled shower, and quiet bedroom.
- Established income potential as a multi‑family home, suitable for owner occupancy or investment.
- Newer mini‑splits for cooling and Navien on‑demand system for heat and hot water.
- Off‑street parking, shared laundry, new vinyl windows, and separated heat with updated electric.
- RISE insulation and lead certificates in hand.
Overview
This multi-family home offers a blend of location, supplemental income potential, and living space. Situated between Historic Broadway and Atwells Avenue, with proximity to Downtown, this property presents an opportunity to own real estate in Providence. The property is suitable for owner occupancy or as an addition to an investment portfolio. The home features old-world charm, insulation by RISE, off-street parking, shared laundry facilities, new vinyl windows, and separated heat with updated electric systems. Lead Certificates are available. The renovated owner's unit includes mini splits for cooling and a Navien combo system for heat and hot water. The unit features original hardwoods, a kitchen with granite countertops, soft-close cabinetry, and Samsung appliances. Additional features include a paint palette, tiled shower with glass door, and a bedroom with insulation and a triple-paned window. The property offers established income and an location for city living. It provides access to highways, train station, restaurants, culture, and the arts. The lot size is 0.0918 acres and the property size is 2576 square feet. The zoning is R3.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$483.3K
NOI $43,499 @ 9.00% cap · cautious / downside scenario
Moderate
$621.4K
NOI $43,499 @ 7.00% cap · market / base-case scenario
Aggressive
$870.0K
NOI $43,499 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.5k | $25.80 |
| − Vacancy | −$4.3k | −$1.68 |
| EGI | $62.1k | $24.12 |
| − OpEx | −$18.6k | −$7.24 |
| NOI | $43.5k | $16.89 |
2,576 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$621.4K
$543.7K – $725.0K
NOI $43,499 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$558.2K
$488.4K – $651.2K
NOI $39,071 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$861.8K
$754.1K – $1.01M
NOI $60,327 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.433499
- Latitude
- 41.821461
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Multi-family home in prime location with renovated owner's unit.
Where is this triplex located?
The property is located at 104 Tell Street Providence, RI.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Prime location near Historic Broadway, Atwells Avenue, and Downtown Providence.; Handsomely renovated owner's unit with **new kitchen (granite countertops, Samsung appliances), tiled shower, and quiet bedroom.**; Established income potential as a multi‑family home, suitable for owner occupancy or investment.
