1166 N Main Street Providence, RI 02906
MULTI_FAMILY - Providence, RI
Property Features for 1166 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 9, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 8, Bedroom 3, Bedroom 7, Bathroom 1, Basement
- Parking
- 10
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,240 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7103
Utilities
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Vinyl Siding
Listing agent Gabe Francis (401) 354-7092
Listing office Lenox Realty Group 380 Broadway, East Providence, RI (401) 572-3322
Listing date May 12, 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 at 1166 N Main Street in Providence, the building sits on a small lot size of approximately 0.1312 acres. The property is zoned C-2 Commercial, which may support a range of uses depending on approval. The listing notes nearby retail and lifestyle amenities, including Whole Foods, dining and shopping options, and a recently opened LA Fitness.
For buyers and investors, this configuration can appeal to those seeking a multi-unit residential asset with durable exterior improvements and an on-site garage. The fact that each unit is currently leased is relevant for operators evaluating an income-producing property, and the detached garage may be useful for tenant storage. This offering is also available as part of a package with 1172 North Main Street, which may be of interest for those looking to assemble additional holdings.
Key Highlights
- Large 3‑family home with 3 bedrooms per unit, with all units currently leased
- Vinyl siding exterior; flooring includes hardwood and ceramic tile
- Natural gas heating with baseboard system
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 | $83.6k | $25.80 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $78.2k | $24.12 |
| − OpEx | −$23.4k | −$7.24 |
| NOI | $54.7k | $16.89 |
