Triplex with Detached
For Sale
$624,900
169 Roosevelt Street, Providence, RI 02909
Three occupied apartments each offer two bedrooms, a full bath, and tenant-paid heat and hot water.
Property Size2,500 SF
Price / SF$249.96
Days on Market11
Property Features for 169 Roosevelt Street
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Multi-Unit (2-4)
Occupancy
100%
Site & Location
Neighborhood
Silver Lake
Public Transit
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Amenities
Lot Size Acres: 0.11
Total Taxes: $7,055, Tax Year: 2025, Percentage of Tax that is Deductable: 0
Carpet Floor
Garage Type: Detached, 2 Garage Spaces
Baseboard Heating, Gas Heat Fuel
Sale, Sale Type: Foreclosure, Availability Date: 2026-10-15
Basement Type: Full, Unfinished
6 Bedrooms
3 Stories, Built in 1920, 12 Rooms
Neighborhood Name: Silver Lake
Above Area Square Feet: 2500
3 Full Baths
Patio, Open Porch
Vinyl Siding
Oven, Refrigerator
Building Details
Year Built
1920
Listing Agency:
Your Home Sold Guaranteed Realty, The Nathan Clark Team
Listed By:
Rachel Sanville
(401) 232-7661
Source:
Doyle-realty
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 24 at 7:01PM
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 Your Home Sold Guaranteed Realty, The Nathan Clark Team
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Set in Silver Lake, this three-unit property contains 2,500 square feet. Each apartment has two bedrooms and one full bathroom. The building also includes a full basement for storage and a detached two-car garage.
All three apartments are occupied by tenants at will. Gas heat serves the property, and tenants are responsible for their own heat and hot water. Bus service, shopping, and major highways are accessible nearby.
All three apartments are occupied by tenants at will. Gas heat serves the property, and tenants are responsible for their own heat and hot water. Bus service, shopping, and major highways are accessible nearby.
Key Highlights
- Three units, each with two bedrooms and one full bath
- 2,500 square feet of property area
- Detached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,215
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,300
$844.3K
Cap Rate 7%
$603,071
$603.1K
Cap Rate 9%
$469,056
$469.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$64.5K $25.80/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$60.3K $24.12/SF
− OpEx
−$18.1K −$7.24/SF
NOI
$42.2K $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%
$844,300
Cap Rate 7%
$603,071
Cap Rate 9%
$469,056
Alternative Uses
Best Use
Multifamily LT 5
$603.1K
$527.7K – $703.6K
NOI $42,215 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$541.7K
$474.0K – $632.0K
NOI $37,919 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$836.4K
$731.8K – $975.8K
NOI $58,547 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments each offer two bedrooms, a full bath, and tenant-paid heat and hot water.
Where is this triplex located?
The property is located at 169 Roosevelt Street Providence, RI.
What is the asking price?
The asking price for this property is $624,900.
What are key features of this property?
This property features: Three units, each with two bedrooms and one full bath; 2,500 square feet of property area; Detached two‑car garage
