Victorian Mixed-Use Apartment
1358 Smith Street, North Providence, RI 02911
MULTI_FAMILY - North Providence, RI
Property size:
3,901 SFLot size:
0.34 AcresPrice / SF:
$225/SF- Added:
- May 6, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 23 at 6:06 am
Property Features for 1358 Smith Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CP
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 4, Bathroom 3, Basement
- Parking
- 24
- Window features
- Storm Window(s)
- Patio and Porch features
- Porch
- Interior features
- Wall (Dry Wall), Wall (Plaster), Stairs, Plumbing (Mixed), Insulation (Walls), Ceiling Height (7 to 9 Ft)
- Exterior features
- Porch
- Fireplace
- 1
- Basement
- Storage Space, Partial, Unfinished
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Electric Water Heater, Dishwasher, Microwave, Oven/Range, Refrigerator
- Standard status
- Active
- 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
- Other (Cooling), Central Air
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 agent Joe Roch (401) 439-7705
Listing office Residential Properties Ltd 381 Broadway, RI (401) 457-3400
Listing date May 6, 2026
MLS# 1411990
Listing URL
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.
HighLights
- Victorian‑style mixed‑use property built in 1900 with multiple additions
- Heated cement ramp provides accessible approach with ramp; ample off‑street parking for as many as 21 spaces
- Built‑in fireplace; ceiling heights between 7 and 9 ft and interior finishes include plaster/dry wall
- Central air plus other cooling; natural gas heating; electric water heater
- Appliances included: dishwasher, microwave, oven/range, and refrigerator
- Updates include younger roof, Hardie Board siding, blown‑in insulation, and many replacement windows with storm windows
Overview
This impeccably maintained Victorian-style mixed-use property features several architectural additions and a three-story layout that supports both current residential use and adaptive reuse. The first floor is described as ideal for one large apartment or two residential apartments, with central air. The second floor includes a bright, spacious 5-room configuration with two bedrooms, an updated kitchen and bathroom, and ductless cooling. The third floor offers a 1-bedroom, 1.5-bath apartment with three skylights and a city view of Providence. A two-story carriage house is also on-site and can be redeveloped into an accessory dwelling unit.
The property is located in the Fruit Hill section of North Providence and fronts Smith Street, identified as a main corridor with access to highways, a bus route, and nearby amenities. It is approximately 3 miles to the commuter rail and Downtown Providence, and just over 1 mile to two nearby colleges. Zoning is listed as CP.
Off-street parking is a notable convenience, with up to 21 spaces served by a heated cement ramp. Exterior and systems features described as contributing to low maintenance include a younger roof, Hardie Board siding, blown-in insulation, and many replacement windows covered with storm windows. With interior updates already in place and multiple unit configurations contemplated, the property is well-suited to owner-occupants and investors looking for a residential income and redevelopment-minded setup.
The property is located in the Fruit Hill section of North Providence and fronts Smith Street, identified as a main corridor with access to highways, a bus route, and nearby amenities. It is approximately 3 miles to the commuter rail and Downtown Providence, and just over 1 mile to two nearby colleges. Zoning is listed as CP.
Off-street parking is a notable convenience, with up to 21 spaces served by a heated cement ramp. Exterior and systems features described as contributing to low maintenance include a younger roof, Hardie Board siding, blown-in insulation, and many replacement windows covered with storm windows. With interior updates already in place and multiple unit configurations contemplated, the property is well-suited to owner-occupants and investors looking for a residential income and redevelopment-minded setup.
Local 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 | $99.2k | $25.44 |
| − Vacancy | −$6.5k | −$1.65 |
| EGI | $92.8k | $23.79 |
| − OpEx | −$27.8k | −$7.14 |
| NOI | $65.0k | $16.65 |
3,901 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$927.9K
$811.9K – $1.08M
NOI $64,954 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$736.4K
$644.4K – $859.2K
NOI $51,550 @ 7.0% cap · market cap 5.86%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- North Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.458243
- Latitude
- 41.8485
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained Victorian building with updated interiors and potential for multiple apartments plus an accessory dwelling unit.
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 $879,000.
What are key features of this property?
This property features: Victorian‑style mixed‑use property built in 1900 with multiple additions; Heated cement ramp provides accessible approach with ramp; ample off‑street parking for as many as 21 spaces; Built‑in fireplace; ceiling heights between 7 and 9 ft and interior finishes include plaster/dry wall
