Two-Building Multifamily
156 Bridgham Street Providence, RI 02909
156 Bridgham Street, Providence, RI, 02909
$1,200,000
For Sale
$1,200,000
MULTI_FAMILY - Providence, RI
Property Size6,457 SF
Lot Size0.14 Acres
Price / SF$185.84
Days on Market18
Property Features for 156 Bridgham Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 13
- Bathrooms
- 7
- Rooms
- Bedroom 5, Bathroom 7, Bathroom 4, Bedroom 9, Bedroom 3, Bedroom 11, Bedroom 6, Bedroom 8, Basement, Bathroom 2, Bathroom 6, Bedroom 10, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 1, Bedroom 12, Bedroom 13, Bedroom 4, Bathroom 1, Bedroom 2
- Parking
- 5
- Parking features
- None
- Basement
- Partially Finished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 6,457 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11630
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1925
- Number of units
- 4
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
Listing Agency
Century 21 Limitless
(508) 567-3468
969 Waterman Avenue, Suite 1, East Providence, RI
Listed by
Kyle Seyboth · License #REC.0005226
(508) 726-3492
Added: Jun 29 Checked: Jul 16 at 6:06 pm
MLS# 1416382
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.
Investment Insights
Based on property information with market context.
This Providence multifamily offering features two buildings on one lot. The front building is a 3-family with a first-floor unit containing three bedrooms and one bath, a second-floor unit containing three bedrooms and one bath, and a third-floor unit with four bedrooms and two baths. The rear building is a tenant-occupied single-family home with three bedrooms and 2.5 baths. Off-street parking is provided for tenant and occupant convenience.
The property is located in the Silver Lake neighborhood with easy access to shopping, dining, and everyday amenities, and it is described as minutes to Downtown Providence, Federal Hill, and the West End. Commuting access is noted near Route 6, Route 10, I-95, and I-195, with proximity to hospitals, universities, public transportation, parks, and major employment centers.
The property is located in the Silver Lake neighborhood with easy access to shopping, dining, and everyday amenities, and it is described as minutes to Downtown Providence, Federal Hill, and the West End. Commuting access is noted near Route 6, Route 10, I-95, and I-195, with proximity to hospitals, universities, public transportation, parks, and major employment centers.
Key Highlights
- Two buildings on one lot: a front 3‑family plus a rear tenant‑occupied single‑family home
- Front building 3‑family units include two 3‑bedroom/1‑bath units and a third unit with 4 bedrooms and 2 baths
- Rear single‑family home offers 3 bedrooms and 2.5 baths
Local Financial Insights For Apartment 5plus
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 | $189.8k | $29.40 |
| − Vacancy | −$11.8k | −$1.82 |
| EGI | $178.1k | $27.58 |
| − OpEx | −$80.1k | −$12.41 |
| NOI | $97.9k | $15.17 |
6,457 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,936 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,215 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Two buildings on one lot include a 3-family and a tenant-occupied single-family home with off-street parking.
Where is this multifamily property located?
The property is located at 156 Bridgham Street Providence, RI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two buildings on one lot: a front 3‑family plus a rear tenant‑occupied single‑family home; Front building 3‑family units include two 3‑bedroom/1‑bath units and a third unit with 4 bedrooms and 2 baths; Rear single‑family home offers 3 bedrooms and 2.5 baths
