Three-Unit Multi-Family
169 10th Street Providence, RI 02906
For Sale
$900,000
Three-unit multi-family building offered for sale on 10th Street in Providence.
Property Size3,920 SF
Price / SF$229.59
Days on Market8
Property Features for 169 10th Street
General Information
- Standard status
- Active
- Size
- 3,920 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1910
Listing Agency:
HERE Realty
(401) 862-1251
Listed By:
The SoldWithSoko Team
Source:
Lockandkeyre
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 27 at 5:55AM
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 HERE Realty
Investment Insights
Based on property information with market context.
This is a three-unit multi-family property offered for sale. The building consists of three separate residential units and is described as having comfortable layouts with natural light.
Located on 10th Street on Providence’s East Side, the property is positioned for convenient access to local destinations including Wayland Square, Thayer Street, and Brown University, along with major commuting routes.
The asset is presented as suitable for either an owner-occupant or investor approach, leveraging its multi-unit configuration and the reported strength of local rental demand.
Located on 10th Street on Providence’s East Side, the property is positioned for convenient access to local destinations including Wayland Square, Thayer Street, and Brown University, along with major commuting routes.
The asset is presented as suitable for either an owner-occupant or investor approach, leveraging its multi-unit configuration and the reported strength of local rental demand.
Key Highlights
- Three‑unit multi‑family building on 10th Street in Providence (built in 1910)
- Suitable for owner‑occupant or investor use, with potential for rental income from all units
- Minutes from Wayland Square and Thayer Street
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 | $101.1k | $25.80 |
| − Vacancy | −$6.6k | −$1.68 |
| EGI | $94.6k | $24.12 |
| − OpEx | −$28.4k | −$7.24 |
| NOI | $66.2k | $16.89 |
3,920 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$945.6K
$827.4K – $1.10M
NOI $66,194 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$849.4K
$743.2K – $990.9K
NOI $59,456 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,802 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit multi-family building offered for sale on 10th Street in Providence.
Where is this triplex located?
The property is located at 169 10th Street Providence, RI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Three‑unit multi‑family building on 10th Street in Providence (built in 1910); Suitable for owner‑occupant or investor use, with potential for rental income from all units; Minutes from Wayland Square and Thayer Street
