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Well-Maintained Three-Family Residence
For Sale
$799,000

22 Pennsylvania Ave, Providence, RI 02905

Three units with 3 bedrooms and a finished basement, plus a detached garage and off-street parking.

Property Size6,412 SF
Price / SF$124.61
Days on Market67

Property Features for 22 Pennsylvania Ave

General Information

Standard status Active
Size 6,412 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 3

Building Details

Year Built 1920
Tenancy Multi
Listing Agency: REALPRO by The Water
Listed By: The Realpro Group
Source: Alpernandmesenbourg
Added: Jul 7 Changed: Sep 10 Last Checked: Sep 9 at 9:51PM

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 REALPRO by The Water

Investment Insights

Based on property information with market context.

This well-maintained three-family home was built in 1920 and is configured as separate residences. Each unit offers three spacious bedrooms and one full bath, along with approximately 1,441 square feet of living space. Interiors include double parlors for flexible living and entertaining, and the property also features a finished basement.

Outside, the home includes a detached 2-car garage and ample off-street parking, which can support tenant convenience and day-to-day access. The property is located near restaurants, shopping areas, highways, downtown, and other local amenities.

For buyers, the building supports both investment and owner-occupant use, given its three distinct units and generous room layouts. With rents described as under market price, the property may appeal to those seeking to align current income with market levels, while also retaining the option to live in one unit and rent the others. Schedule a private showing to review the space and understand the full layout.

Key Highlights

  • Well‑maintained three‑family home built in 1920
  • Each unit offers 3 bedrooms and 1 full bath
  • Approximately 1,441 sq ft living space per unit; total gross area about 6,412 sq ft

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Garden Center Locksmith HVAC Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,442
Businesses Nearby

Demographics for 02905, RI

26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three units with 3 bedrooms and a finished basement, plus a detached garage and off-street parking.
Where is this triplex located?
The property is located at 22 Pennsylvania Ave Providence, RI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Well‑maintained three‑family home built in 1920; Each unit offers 3 bedrooms and 1 full bath; Approximately 1,441 sq ft living space per unit; total gross area about 6,412 sq ft
More about this property
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