17 Ledge Street Providence Providence, RI 02904
Six-unit building with 13 bedrooms, updated interiors, energy-efficient heating, and parking for 15+ vehicles.
- Added:
- Jun 4, 2026
- Days on Market:
- 37
- Last Refresh:
- Jun 5 at 2:31 am
Property Features for 17 Ledge Street Providence
General Information
- Standard status
- Active
- Size
- 5,688 SF
Building Details
- Year Built
- 1870
Listing office (508) 501-1443
Listing date Jun 4, 2026
Source Milestonerealtyinc
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 Debra Viveiros
Investment Insights
Based on property information with market context.
The building is centrally located in Providence, with convenient access to restaurants, shopping, public transportation, and major amenities. The combination of a residential layout and parking on an oversized lot can be particularly attractive for tenants who want both access and convenience.
For buyers looking for a straightforward multifamily asset, the unit mix provides a multi-door structure with a clear bedroom count across the building. The updated condition and energy-efficient heating are practical attributes for an operator, while the parking capacity on-site helps reduce reliance on street parking for residents. With its established configuration and convenient access to daily needs, the property may fit buyers seeking a well-suited residential income building for long-term ownership.
Key Highlights
- Six‑unit multi‑family property with 13 bedrooms total
- Updated interiors and well‑maintained building (per provided remarks)
- Energy‑efficient heating system in place
Local Financial Insights For Apartment 5plus
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 | $167.2k | $29.40 |
| − Vacancy | −$10.4k | −$1.82 |
| EGI | $156.9k | $27.58 |
| − OpEx | −$70.6k | −$12.41 |
| NOI | $86.3k | $15.17 |
