Triplex with Off-Street
133 Ontario Street Providence, RI 02907
New
For Sale
$699,000
MULTI_FAMILY - Providence, RI
Property Size3,057 SF
Lot Size0.09 Acres
Price / SF$228.66
Days on Market1
Property Features for 133 Ontario Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 2
Parking
6
Parking features
None
Interior features
Wall (Dry Wall), Stairs, Plumbing (Mixed), Insulation (Unknown)
Basement
Full, Finished
Appliances
Gas Water Heater, Oven/Range, Refrigerator
Standard status
Active
Size
3,057 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8382
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Building Details
Year built
1922
Floors in Building
3
Number of units
3
Flooring type
Tile - Ceramic, Hardwood
Building materials
Dry Wall, Shingles, Wood
Listing Agency:
Bhhs Commonwealth Real Estate
(401) 886-6100
Listed By:
Allen Gammons
(401) 742-6050
Added: Jul 27
Last Checked: Jul 27 at 8:06PM
MLS# 1419025
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 multi-unit triplex-style property is arranged with two 2-bedroom units, one unit with a 2–3 bedroom configuration, and an additional lower-level unit described as unrecognized. The home is being offered ready for minor updates, with the seller keeping one unit vacant to support potential owner-occupant scenarios.
Off-street parking is available, and the property is approximately 4 minutes from I-95 North and South. It is also within walking distance to Roger Williams Park, with Rhode Island Hospital and the dining and shopping options in historic Edgewood located just a short drive away.
Overall, the building presents a straightforward income-property setup with an emphasis on value-add through light renovations and flexibility in unit occupancy.
Off-street parking is available, and the property is approximately 4 minutes from I-95 North and South. It is also within walking distance to Roger Williams Park, with Rhode Island Hospital and the dining and shopping options in historic Edgewood located just a short drive away.
Overall, the building presents a straightforward income-property setup with an emphasis on value-add through light renovations and flexibility in unit occupancy.
Key Highlights
- Built in 1922 with mixed plumbing and insulation noted as unknown
- Natural gas baseboard heating with a gas water heater
- Hardwood and ceramic tile flooring
Financial Insights For Multifamily LT 5
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 | $78.9k | $25.80 |
| − Vacancy | −$5.1k | −$1.68 |
| EGI | $73.7k | $24.12 |
| − OpEx | −$22.1k | −$7.24 |
| NOI | $51.6k | $16.89 |
3,057 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$737.4K
$645.3K – $860.4K
NOI $51,621 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$662.4K
$579.6K – $772.8K
NOI $46,367 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.02M
$894.9K – $1.19M
NOI $71,591 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Multi-unit property with off-street parking and a mix of 2- and 2–3-bedroom layouts, offered ready for minor updates.
Where is this triplex located?
The property is located at 133 Ontario Street Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 1922 with mixed plumbing and insulation noted as unknown; Natural gas baseboard heating with a gas water heater; Hardwood and ceramic tile flooring
