129 Academy Avenue Providence, RI 02908
MULTI_FAMILY - Providence, RI
Property Features for 129 Academy Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 6, Basement, Bedroom 2
- Parking
- 3
- Parking features
- Garage
- Patio and Porch features
- Patio
- Interior features
- Wall (Dry Wall), Attic Storage, Cathedral Ceilings, Dry Bar, Stairs, Wet Bar, Insulation (Unknown)
- Exterior features
- Balcony, Patio
- Fireplace
- 1
- Basement
- Unfinished, Storage Space, Full
- Appliances
- Tankless Water Heater, Dishwasher, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 4,638 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 7590
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 4
- Number of units
- 4
- Flooring type
- Vinyl, Hardwood, Parquet Wood
- Building materials
- Dry Wall, Masonry
- Additional Structures
- Storage
Listing agent Elmehdi Mechtaly (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date May 21, 2026
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.
Key Highlights
- Multi‑family property with a spacious multi‑level owner's townhouse plus three additional units
- Over 4,600 sq ft of living space on a prominent corner lot
- New commercial fire alarm system has been installed
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 | $136.4k | $29.40 |
| − Vacancy | −$8.5k | −$1.82 |
| EGI | $127.9k | $27.58 |
| − OpEx | −$57.6k | −$12.41 |
| NOI | $70.3k | $15.17 |
