Tudor-Style Multi-Family
129 Academy Avenue Providence, RI 02908
129 Academy Avenue, Providence, RI, 02908
$775,000
Pending
For Sale
$775,000
Pending
MULTI_FAMILY - Providence, RI
Property Size4,638 SF
Lot Size0.10 Acres
Days on Market63
Property Features for 129 Academy Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 6
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 3, Bathroom 6, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking
- 3
- Parking features
- None
- Window features
- Insulated Windows
- 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 agency
Real Broker, Llc
(855) 450-0442
Listed by
Elmehdi Mechtaly
(855) 450-0442
Added: May 21 Updated: Jul 16 at 3:22PM Checked: Jul 22 at 3:06PM
MLS# 1413222
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.
This Tudor-style multi-family estate is located in the Mount Pleasant neighborhood of Providence. Situated on a corner lot, the property offers 4,638 square feet of living space. The building features a multi-level owner's townhouse and three additional units, providing income potential and versatile living arrangements. Architectural elements include steep gables and private balconies. The property is located minutes from downtown, major hospitals, universities, and public transportation. A new commercial fire alarm system has been installed. This property offers a unique canvas for value-add improvements or restoration. It is suitable for expanding a portfolio, creating a rental asset, or converting into a high-performing investment.
Key Highlights
- Tudor‑style multi‑family on a prominent corner lot in Providence’s Mount Pleasant neighborhood (year built 1900)
- Over 4,600 SF of living space with a multi‑level owner’s townhouse plus three additional units
- Interior features include cathedral ceilings, a dry bar and wet bar, attic storage, and multiple bedrooms and bathrooms
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 |
4,638 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.0K – $1.31M
NOI $78,318 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$1.00M
$879.3K – $1.17M
NOI $70,347 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,616 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Unique investment opportunity in Providence's Mount Pleasant neighborhood.
Where is this quadplex located?
The property is located at 129 Academy Avenue Providence, RI.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Tudor‑style multi‑family on a prominent corner lot in Providence’s Mount Pleasant neighborhood (year built 1900); Over 4,600 SF of living space with a multi‑level owner’s townhouse plus three additional units; Interior features include cathedral ceilings, a dry bar and wet bar, attic storage, and multiple bedrooms and bathrooms
