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Updated Owner-Occupant Triplex
For Sale
$679,900

16 Ruggles Street, Providence, RI 02908

Three spacious three-bedroom units offer porches, separate utilities, and a refreshed vacant first-floor residence.

Property SizeContact for details
Days on Market179

Property Features for 16 Ruggles Street

General Information

Standard status Active
Property subtype Multi-family

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 3 x 3BR
Multifamily Units 3

Amenities

private porches

Building Details

Year Built 1872
Buildings 1
Tenancy Multi
Listing Agency: Serhant New England
Listed By: Matthew Kachanis · License #32978
Source: Milburyre
Added: Mar 3 Changed: Aug 29 Last Checked: Aug 29 at 1:08PM

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 Serhant New England

Investment Insights

Based on property information with market context.

Built in 1872, this triplex contains three residential units, each arranged with three bedrooms, a sizable living room, and a dining room or double-parlor configuration. High ceilings, pine flooring, and private porches add character across the property. The vacant first-floor unit has been refreshed with a new bathroom and updated finishes, while the upper residences are occupied and currently leased below market rents.

Recent property improvements include vinyl replacement windows and vinyl siding. Separate utilities serve each unit, supporting straightforward management. The property is in Historic Smith Hill, within walking distance of Providence College and minutes from the train station, I-95, I-295, and I-146. Federal Hill, the East Side, and downtown Providence are also accessible from the location.

Key Highlights

  • Three‑unit triplex with three bedrooms in each residence
  • Vacant first‑floor unit updated with a new bathroom and refreshed finishes
  • High ceilings, pine flooring, and private porches throughout

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Acupuncture (Bike/Boat/Book/etc) Store Daycare Center Veterinary Clinic Pet Grooming Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,927
Businesses Nearby

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three spacious three-bedroom units offer porches, separate utilities, and a refreshed vacant first-floor residence.
Where is this triplex located?
The property is located at 16 Ruggles Street Providence, RI.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Three‑unit triplex with three bedrooms in each residence; Vacant first‑floor unit updated with a new bathroom and refreshed finishes; High ceilings, pine flooring, and private porches throughout
More about this property
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