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    Three-Family with Off-Street Parking Title is generated by Realmo AI

    14 Garfield Avenue, East Providence, RI 02916

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    Claim this Listing
    New
    For Sale
    $650,000

    MULTI_FAMILY - East Providence, RI

    Type:Apartment
    Property size:
    3,204 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $202/SF
    Added:
    Jun 23, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 24 at 2:06 pm

    Property Features for 14 Garfield Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Zoning
    R3
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 3, Bedroom 4, Basement, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2
    Parking
    6
    Parking features
    Garage
    Patio and Porch features
    Porch
    Exterior features
    Porch
    Basement
    Full, Unfinished
    Appliances
    Gas Water Heater, Oven/Range, Refrigerator
    Standard status
    Active
    Size
    3,204 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8313

    Utilities

    Heating system
    Natural Gas, Steam, Baseboard

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Laminate, Carpet, Tile - Ceramic
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    List with Lyon Team

    Listing agent List with Lyon Team

    Listing office Here Realty 875 Oaklawn Avenue, Cranston, RI

    Listing date Jun 23, 2026

    MLS# 1416012 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

    • Professionally managed three‑family home with a porch
    • Off‑street parking and garage included
    • Natural gas heating with steam and baseboard systems
    • Vinyl siding exterior
    • Flooring includes laminate, carpet, and ceramic tile
    • Appliances include gas water heater, oven/range, and refrigerator

    Overview

    This three-family residential income property offers three separate units designed for everyday comfort. The layout in each unit provides generous living areas and large bedrooms, creating flexibility for a range of tenant or owner-occupant needs. The building is described as well-maintained and professionally managed, supporting a straightforward operation for a new owner.

    Located at 14 Garfield Avenue in East Providence, the property sits on a quiet street in the Rumford area. The setting includes off-street parking and a backyard, giving residents usable outdoor space in addition to the interior living areas. The property is zoned R3.

    For investors, a professionally managed three-unit structure can offer an efficient way to own rental housing under one roof. For owner-occupants, the configuration supports the option to live in one unit while maintaining rental income from the other two units, while still benefiting from the privacy of an outdoor backyard and the convenience of off-street parking. If you are looking for a well-kept three-family in East Providence with practical on-site amenities, this property is worth a close look.

    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 $81.5k $25.44
    − Vacancy −$5.3k −$1.65
    EGI $76.2k $23.79
    − OpEx −$22.9k −$7.14
    NOI $53.3k $16.65
    3,204 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $762.1K
    $666.9K – $889.1K (±1% cap)
    NOI $53,348 @ 7.0% cap · market cap 8.21%
    Second Best
    Apartment 5plus
    $604.8K
    $529.2K – $705.7K (±1% cap)
    NOI $42,339 @ 7.0% cap · market cap 6.51%
    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

    Mackenzie Blair Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.36364
    Latitude
    41.842965

    FAQs

    What type of property is this?
    Triplex - Professionally managed three-family home with off-street parking and a backyard for outdoor space.
    Where is this triplex located?
    The property is located at 14 Garfield Avenue East Providence, RI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Professionally managed three‑family home with a porch; Off‑street parking and garage included; Natural gas heating with steam and baseboard systems
    More about this property
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