Three-Unit Triplex with
For Sale
$699,990
13 Rosebank Avenue, Providence, RI 02908
Three residential units feature two-bedroom layouts, balcony access, hardwood floors, and off-street parking.
Property Size4,218 SF
Price / SF$165.95
Days on Market24
Property Features for 13 Rosebank Avenue
General Information
Standard status
Active
Size
4,218 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Amenities
balconies
original hardwood flooring
off street parking
Building Details
Year Built
1920
Listing Agency:
Churchill & Banks Co., LLC
Listed By:
Justin Russillo · License #39227
(401) 331-3948
Source:
Lavonnelopes
Added: Sep 12
Changed: Sep 20
Last Checked: Oct 5 at 3:51PM
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 Churchill & Banks Co., LLC
Investment Insights
Based on property information with market context.
Built in 1920, this 4,218-square-foot triplex contains three residential units, each arranged with two bedrooms. The apartments include balconies, original hardwood flooring, and modest updates, with off-street parking serving the property. The configuration supports both owner occupancy and continued residential income use, as stated in the property information.
The home is located in Providence near downtown dining, arts, and shopping. Brown University, RISD, Providence College, and RIC are each within a stated five- to 10-minute drive, providing access to several nearby educational institutions and the city center.
The home is located in Providence near downtown dining, arts, and shopping. Brown University, RISD, Providence College, and RIC are each within a stated five- to 10-minute drive, providing access to several nearby educational institutions and the city center.
Key Highlights
- Three‑unit residential property with 4,218 square feet
- Each unit includes two bedrooms and a balcony
- Original hardwood flooring throughout the units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,976
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,520
$1.3M
Cap Rate 7%
$913,943
$913.9K
Cap Rate 9%
$710,844
$710.8K
Market Conditions
NOI Build-Up for 4,218 SF
Gross rent
$124.0K $29.40/SF
− Vacancy
−$7.7K −$1.82/SF
EGI
$116.3K $27.58/SF
− OpEx
−$52.3K −$12.41/SF
NOI
$64.0K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,520
Cap Rate 7%
$913,943
Cap Rate 9%
$710,844
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.3K – $1.19M
NOI $71,226 @ 7.0% cap · market cap 10.18%
Second Best
Apartment 5plus
$913.9K
$799.7K – $1.07M
NOI $63,976 @ 7.0% cap · market cap 9.14%
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,781 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,793
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature two-bedroom layouts, balcony access, hardwood floors, and off-street parking.
Where is this triplex located?
The property is located at 13 Rosebank Avenue Providence, RI.
What is the asking price?
The asking price for this property is $699,990.
What are key features of this property?
This property features: Three‑unit residential property with 4,218 square feet; Each unit includes two bedrooms and a balcony; Original hardwood flooring throughout the units
