Renovated
For Sale
$1,100,000
122 Camp Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size3,119 SF
Lot Size0.13 Acres
Price / SF$352.68
Days on Market140
Property Features for 122 Camp Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
6
Parking features
None
Window features
Insulated Windows
Patio and Porch features
Porch
Interior features
Attic, Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PVC), Insulation (Unknown)
Exterior features
Porch
Basement
Storage Space, Full, Partially Finished
Appliances
Dishwasher, Dryer, Range Hood, Microwave, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
Mt. Hope
Lot features
Corner Lot, Paved Driveway
Standard status
Active
Size
3,119 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9375
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1880
Floors in Building
3
Number of units
3
Flooring type
Pine, Marble
Building materials
Masonry, Vinyl Siding
Buildings
1
Listing Agency:
Www.Homezu.Com
Listed By:
Jason Saphire
(877) 249-5478
Added: Jun 9
Changed: Oct 23
Last Checked: Oct 26 at 7:06PM
MLS# 1414953
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.
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Investment Insights
Based on property information with market context.
Built in 1880, this three-unit property contains 3,119 square feet on a 0.1279-acre corner lot and is zoned R-3. The first and second floors each have a two-bedroom apartment; both are furnished and used for short-term rentals. A one-bedroom penthouse occupies the third floor, with an open plan, oversized kitchen, and breakfast nook. Interior details include bay windows, pine flooring, granite bathroom floors, and kitchens with granite and butcher-block counters. A porch and full walk-out basement are also part of the property.
Updates and systems include a new roof, replacement windows, three new or newer gas boilers and hot water heaters, hard-wired smoke detectors, fire-rated doors, and a separate electric panel for each apartment. The building also has dimmable lighting and ceiling fans in the kitchens.
Updates and systems include a new roof, replacement windows, three new or newer gas boilers and hot water heaters, hard-wired smoke detectors, fire-rated doors, and a separate electric panel for each apartment. The building also has dimmable lighting and ceiling fans in the kitchens.
Key Highlights
- Three apartments: two two‑bedroom units and one one‑bedroom penthouse
- 3,119 square feet on a 0.1279‑acre corner lot; R‑3 zoning
- Two furnished apartments on the first and second floors are used for short‑term rentals
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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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,377
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Three furnished apartments include two units used for short-term stays and a penthouse with an open layout.
Where is this triplex located?
The property is located at 122 Camp Street 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: Three apartments: two two‑bedroom units and one one‑bedroom penthouse; 3,119 square feet on a 0.1279‑acre corner lot; R‑3 zoning; Two furnished apartments on the first and second floors are used for short‑term rentals
