1172 N Main Street Providence, RI 02906
MULTI_FAMILY - Providence, RI
- Added:
- May 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Jul 12 at 11:06 pm
Property Features for 1172 N Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 6, Basement, Bedroom 2, Bedroom 3, Bedroom 8, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 7, Bedroom 5, Bedroom 4, Bedroom 9, Bathroom 3
- Parking
- 10
- Basement
- Full, Unfinished
- 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
- 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.
The property is located on North Main Street in Providence, RI, just off major highways. The surrounding area offers nearby shopping and dining, including Whole Foods, and the new LA Fitness is described as being just blocks away. The listing also notes that this property can be packaged with 1166 North Main Street.
Zoned C-2 Commercial, the building may appeal to buyers and operators looking for residential income alongside redevelopment flexibility. With all units currently leased, it can also be considered for those seeking an income-producing setup while evaluating the site and permitted options under the C-2 designation.
Key Highlights
- Spacious 3‑unit property on North Main Street; each unit has 3 bedrooms
- 3‑year‑old roof with vinyl siding exterior
- Natural gas heating with baseboard heat; gas water heater included
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 |
