Three-Family Home with Finished
16 Calla Street, Providence, RI 02905
For Sale
$649,900
Each residence has two bedrooms, with separate utilities paid by tenants and off-street parking.
Property Size2,558 SF
Price / SF$254.07
Days on Market37
Property Features for 16 Calla Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Broker, LLC
Listed By:
Heidy Paz · License RI RES.0044293
(401) 500-8482
Source:
Pooleproperties
Added: Oct 5
Changed: Nov 9
Last Checked: Nov 10 at 6:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
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Investment Insights
Based on property information with market context.
This legal three-family property contains three two-bedroom units and a finished basement. Basement features include washer and dryer hookups, with potential for a future ADU subject to approvals. The property was built in 1900 and measures 2,558 square feet.
Residents pay their own utilities, and the existing tenants are on month-to-month arrangements. The property is located near schools, a park, shopping, and public transportation.
Residents pay their own utilities, and the existing tenants are on month-to-month arrangements. The property is located near schools, a park, shopping, and public transportation.
Key Highlights
- Legal three‑family property with three two‑bedroom units
- 2,558 square feet; built in 1900
- Finished basement with washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,195
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,900
$863.9K
Cap Rate 7%
$617,071
$617.1K
Cap Rate 9%
$479,944
$479.9K
Market Conditions
NOI Build-Up for 2,558 SF
Gross rent
$66.0K $25.80/SF
− Vacancy
−$4.3K −$1.68/SF
EGI
$61.7K $24.12/SF
− OpEx
−$18.5K −$7.24/SF
NOI
$43.2K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$863,900
Cap Rate 7%
$617,071
Cap Rate 9%
$479,944
Alternative Uses
Best Use
Multifamily LT 5
$617.1K
$539.9K – $719.9K
NOI $43,195 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$554.3K
$485.0K – $646.6K
NOI $38,798 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$855.8K
$748.8K – $998.4K
NOI $59,905 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Providence, RI
Properties on Market for Triplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms, with separate utilities paid by tenants and off-street parking.
Where is this triplex located?
The property is located at 16 Calla Street Providence, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Legal three‑family property with three two‑bedroom units; 2,558 square feet; built in 1900; Finished basement with washer and dryer hookups
