1172 N Main Street, Providence, RI 02906
MULTI_FAMILY - Providence, RI
- Added:
- May 12, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 1172 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 9, Bedroom 3, Bathroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 2, Bedroom 7, Bedroom 4, Bedroom 8, Bathroom 2, Bathroom 1, Bedroom 6
- Parking
- 10
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,240 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7285
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Tile - Ceramic, Hardwood
- 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.
HighLights
- 3‑unit property on North Main Street; each unit has 3 bedrooms and is currently leased
- C‑2 Commercial zoning, offering potential for development uses
- Vinyl‑siding exterior with a roof reported as 3 years old
- Out back features a substantial 3‑bay cinder block garage
- Natural gas baseboard heat and a gas water heater; flooring includes tile and hardwood
- Can be packaged with 1166 North Main Street
Overview
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.402051
- Latitude
- 41.852446
