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    Providence Multifamily Investment Opportunity

    125 Taber Avenue Providence, RI 02906

    125 Taber Avenue, Providence, RI, 02906
    $999,990
    Pending
    For Sale
    Claim this Listing
    $999,990
    Pending

    MULTI_FAMILY - Providence, RI

    Property Size4,072 SF
    Lot Size0.09 Acres
    AddedMar 11
    Days on Market127
    Last RefreshJul 15 at 9:06 am

    Property Features for 125 Taber Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bathroom 2, Basement, Bedroom 3, Bedroom 1, Bedroom 6
    Parking
    3
    Parking features
    Garage
    Interior features
    Insulation (Unknown)
    Fireplace
    1
    Basement
    Full, Unfinished, Storage Space
    Appliances
    Gas Water Heater, Dryer, Microwave, Oven/Range, Refrigerator, Washer
    Standard status
    Pending
    Size
    4,072 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    12722

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Space Heater, Steam, Oil
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Laminate, Hardwood, Tile - Ceramic
    Building materials
    Wood

    Listing agent James Luth

    Listing office Here Realty 875 Oaklawn Avenue, Cranston, RI

    Listing date Mar 11, 2026

    MLS# 1406234 Listing URL

    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 on the East Side of Providence, near Brown University, 125 Taber Avenue is a legal three-family property. The building contains a total of six bedrooms. Each floorplan features hardwood floors, modern finishes, and updated kitchens. Tenants benefit from separate utilities, laundry access, and off-street parking. A backyard provides outdoor space. The property conveys with lead certificates. The property is located minutes from Brown University, Ives Street, India Point, shopping, and local restaurants. The property offers expansion possibilities in the lower level. The property contains 4,072 square feet and is situated on a lot of 0.09 acres.

    Key Highlights

    • Prime East Side location, blocks from Brown University.
    • Legal three‑family property, ideal for investors or owner‑occupants.
    • Updated kitchens and modern finishes throughout.

    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 $105.1k $25.80
    − Vacancy −$6.8k −$1.68
    EGI $98.2k $24.12
    − OpEx −$29.5k −$7.24
    NOI $68.8k $16.89
    4,072 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $982.3K
    $859.5K – $1.15M (±1% cap)
    NOI $68,760 @ 7.0% cap · market cap 6.88%
    Second Best
    Apartment 5plus
    $882.3K
    $772.0K – $1.03M (±1% cap)
    NOI $61,762 @ 7.0% cap · market cap 6.18%
    Theoretical Best
    Office A
    $1.36M
    $1.19M – $1.59M (±1% cap)
    NOI $95,361 @ 7.0% cap · market cap 9.54%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Auto Parts Store Electrical Service Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Storage Facility Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - East Side triplex near Brown University, ideal for investors.
    Where is this triplex located?
    The property is located at 125 Taber Avenue Providence, RI.
    What is the asking price?
    The asking price for this property is $999,990.
    What are key features of this property?
    This property features: Prime East Side location, blocks from Brown University.; Legal three‑family property, ideal for investors or owner‑occupants.; Updated kitchens and modern finishes throughout.
    Contact an agent
    (401) 649-2358
    We can help!
    Contact an agent
    James Luth
    James Luth
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