Three-Family
For Sale
$1,175,000
Pending
130 elmgrove Avenue, Providence, RI 02906
Three residential units provide flexible space for household use or rental income.
Property Size5,660 SF
Days on Market15
Property Features for 130 elmgrove Avenue
General Information
Standard status
Pending
Size
5,660 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Wayland
Road Access
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$14,638
Building Details
Building Size
5,660 SF
Year Built
1908
Buildings
1
Listing Agency:
Cote Partners Realty
Listed By:
James Hall · License #RES.0045424
(401) 639-9953
Source:
Jameshallrealestate
Added: Oct 13
Changed: Oct 27
Last Checked: Oct 27 at 3:19AM
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 Cote Partners Realty
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Investment Insights
Based on property information with market context.
This 1908 residence contains three residential units across approximately 5,660 square feet. The multifamily configuration supports rental income or use by an owner-occupant, as well as space for extended family.
The property is at 130 Elmgrove Avenue in Providence, near Blackstone Boulevard, Wayland Square, neighborhood cafes and restaurants, parks, shopping, and Brown University.
The property is at 130 Elmgrove Avenue in Providence, near Blackstone Boulevard, Wayland Square, neighborhood cafes and restaurants, parks, shopping, and Brown University.
Key Highlights
- Three residential units
- Approximately 5,660 square feet of living space
- Built in 1908
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,575
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,911,500
$1.9M
Cap Rate 7%
$1,365,357
$1.4M
Cap Rate 9%
$1,061,944
$1.1M
Market Conditions
NOI Build-Up for 5,660 SF
Gross rent
$146.0K $25.80/SF
− Vacancy
−$9.5K −$1.68/SF
EGI
$136.5K $24.12/SF
− OpEx
−$41.0K −$7.24/SF
NOI
$95.6K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,911,500
Cap Rate 7%
$1,365,357
Cap Rate 9%
$1,061,944
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.19M – $1.59M
NOI $95,575 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,848 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.89M
$1.66M – $2.21M
NOI $132,550 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide flexible space for household use or rental income.
Where is this triplex located?
The property is located at 130 elmgrove Avenue Providence, RI.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Three residential units; Approximately 5,660 square feet of living space; Built in 1908
