Three-Unit Victorian
For Sale
$1,100,000
122 Camp St, Providence, RI 02906
Corner-lot property with condo-ready systems, furnished apartments, and on-site parking.
Property Size3,119 SF
Price / SF$352.68
Days on Market71
Property Features for 122 Camp St
General Information
Standard status
Active
Size
3,119 SF
Property subtype
Multi-Family
Building Details
Year Built
1880
Listing Agency:
www.HomeZu.com
Listed By:
Jason Saphire · License #0818954
(877) 249-5478
Source:
Alpernandmesenbourg
Added: Aug 6
Changed: Oct 5
Last Checked: Oct 7 at 2:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of www.HomeZu.com
Investment Insights
Based on property information with market context.
This 3,119-square-foot Victorian triplex at 122 Camp St features two two-bedroom apartments on the first and second floors, plus a one-bedroom penthouse on the third. The lower apartments include bay windows, original pine floors, granite bathroom floors, and furnished interiors. The penthouse offers an open layout, oversized kitchen, breakfast nook, and full bathroom with two windows. All three units have eat-in kitchens with granite or butcher block countertops, ceiling fans, and dimmable lighting.
The property includes a new roof, replacement windows, 3 new or newer gas boilers, hot water heaters, and a full walk-out basement. Condo-ready infrastructure includes an electric panel in each unit, hard-wired smoke detectors, and 90-minute fire-rated metal doors. The large corner lot provides parking and a secluded picnic area beneath an established tree. Built in 1880, the house combines historic architectural details with updated building systems.
The property includes a new roof, replacement windows, 3 new or newer gas boilers, hot water heaters, and a full walk-out basement. Condo-ready infrastructure includes an electric panel in each unit, hard-wired smoke detectors, and 90-minute fire-rated metal doors. The large corner lot provides parking and a secluded picnic area beneath an established tree. Built in 1880, the house combines historic architectural details with updated building systems.
Key Highlights
- 3,119‑square‑foot, 3‑family Victorian house on a large corner lot
- Two 2‑bedroom apartments plus a 1‑bedroom third‑floor penthouse
- Condo‑ready electrical panels, hard‑wired smoke detectors, and 90‑minute fire‑rated doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,668
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,360
$1.1M
Cap Rate 7%
$752,400
$752.4K
Cap Rate 9%
$585,200
$585.2K
Market Conditions
NOI Build-Up for 3,119 SF
Gross rent
$80.5K $25.80/SF
− Vacancy
−$5.2K −$1.68/SF
EGI
$75.2K $24.12/SF
− OpEx
−$22.6K −$7.24/SF
NOI
$52.7K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,360
Cap Rate 7%
$752,400
Cap Rate 9%
$585,200
Alternative Uses
Best Use
Multifamily LT 5
$752.4K
$658.4K – $877.8K
NOI $52,668 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$675.8K
$591.3K – $788.5K
NOI $47,307 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$1.04M
$913.0K – $1.22M
NOI $73,043 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Corner-lot property with condo-ready systems, furnished apartments, and on-site parking.
Where is this triplex located?
The property is located at 122 Camp St Providence, RI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,119‑square‑foot, 3‑family Victorian house on a large corner lot; Two 2‑bedroom apartments plus a 1‑bedroom third‑floor penthouse; Condo‑ready electrical panels, hard‑wired smoke detectors, and 90‑minute fire‑rated doors
