Victorian-Style
For Sale
$795,000
Pending
1358 Smith Street, North Providence, RI 02911
Residential Income, North Providence, RI
Property Size3,901 SF
Lot Size0.34 Acres
Days on Market48
Property Features for 1358 Smith Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CP
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Basement, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 1
Parking
24
Window features
Skylight(s), Storm Window(s), Insulated Windows
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Walls)
Exterior features
Porch
Basement
Unfinished, Partial, Storage Space
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Microwave, Oven, Range, Refrigerator, Electric Water Heater
Subdivision
Fruit Hill
Lot features
Local Historic District, Corner Lot, Sprinklers
Standard status
Pending
Size
3,901 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13065
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air, Other (Cooling)
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Carpet, Tile - Ceramic, Hardwood
Building materials
Dry Wall, Plaster, Other Siding
Listing Agency:
Residential Properties Ltd
(401) 457-3400
Listed By:
Joe Roch
(401) 440-7483
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 26 at 8:06AM
MLS# 1422904
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.
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Investment Insights
Based on property information with market context.
This 3,901-square-foot Victorian-style property dates to 1900 and is configured for mixed residential use. The second floor contains a two-bedroom apartment with an updated kitchen and bathroom, plus ductless cooling; the third-floor apartment has one bedroom, one bathroom, and three skylights. The first floor has central air. A separate two-story carriage house offers potential for conversion to an accessory dwelling unit, and the first floor may accommodate one or two apartments. CP zoning applies.
The 0.34-acre site fronts Smith Street in North Providence, with access to a bus route and highways. Downtown Providence and commuter rail are approximately 3 miles away, while two colleges are just over 1 mile away. The property has as many as 21 off-street parking spaces and a heated concrete ramp. Building features include Hardie Board siding, blown-in insulation, replacement windows with storm windows, and a newer roof.
The 0.34-acre site fronts Smith Street in North Providence, with access to a bus route and highways. Downtown Providence and commuter rail are approximately 3 miles away, while two colleges are just over 1 mile away. The property has as many as 21 off-street parking spaces and a heated concrete ramp. Building features include Hardie Board siding, blown-in insulation, replacement windows with storm windows, and a newer roof.
Key Highlights
- 3,901‑square‑foot property on a 0.34‑acre site
- Residential layout includes a 2‑bedroom, 1‑bath apartment and a 1‑bedroom, 1‑bath apartment
- Two‑story carriage house with potential for accessory dwelling unit conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,954
Cap Rate
8.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,080
$1.3M
Cap Rate 7%
$927,914
$927.9K
Cap Rate 9%
$721,711
$721.7K
Market Conditions
NOI Build-Up for 3,901 SF
Gross rent
$99.2K $25.44/SF
− Vacancy
−$6.5K −$1.65/SF
EGI
$92.8K $23.79/SF
− OpEx
−$27.8K −$7.14/SF
NOI
$65.0K $16.65/SF
Area
Providence County, RI
Vacancy
6.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,080
Cap Rate 7%
$927,914
Cap Rate 9%
$721,711
Alternative Uses
Best Use
Multifamily LT 5
$927.9K
$811.9K – $1.08M
NOI $64,954 @ 7.0% cap · market cap 8.17%
Second Best
Apartment 5plus
$736.4K
$644.4K – $859.2K
NOI $51,550 @ 7.0% cap · market cap 6.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
653
Businesses Nearby
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Business Placement
Demographics for 02911, RI
16,384
Population
6,894
Households
2.4
Avg Household Size
39
Median Age
33%
College-Educated
91%
High-School Grad
2.5 sq mi
ZIP Area
6,554
Density / Sq Mi
$85,803
Median Household Income
$53,209
Median Earnings
$1,480
Median Rent
$319,300
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 - The property combines residential apartments with a two-story carriage house and off-street parking.
Where is this triplex located?
The property is located at 1358 Smith Street North Providence, RI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,901‑square‑foot property on a 0.34‑acre site; Residential layout includes a 2‑bedroom, 1‑bath apartment and a 1‑bedroom, 1‑bath apartment; Two‑story carriage house with potential for accessory dwelling unit conversion
