Triplex with Detached Six-Car
For Sale
$760,000
Pending
17 Marietta Street, Providence, RI 02904
Triplex offering 3-bedroom units, double parlors, a finished lower level, and a detached six-car garage with off-street parking.
Property Size4,047 SF
Days on Market97
Property Features for 17 Marietta Street
General Information
Standard status
Pending
Size
4,047 SF
Property subtype
MultiFamily
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Built
1915
Tenancy
Multi
Listing Agency:
The Network
(401) 467-3303
Listed By:
Braulio Diaz · License #REB.0018508
(401) 636-1985
Source:
Lockandkeyre
Added: Jul 9
Changed: Oct 13
Last Checked: Oct 12 at 7:13PM
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 The Network
Investment Insights
Based on property information with market context.
This three-family property at 17 Marietta Street features three bedrooms in each unit along with double parlors and a functional layout. Additional living space is provided by a finished lower level that includes three extra bedrooms, a full bathroom, and a comfortable living area.
Set on an oversized lot with a paved yard, the property also includes a detached six-car garage and additional off-street parking for storage and convenience.
The home is described as conveniently located near schools, shopping, restaurants, parks, public transportation, and major highways, offering straightforward access to Providence’s daily needs.
Set on an oversized lot with a paved yard, the property also includes a detached six-car garage and additional off-street parking for storage and convenience.
The home is described as conveniently located near schools, shopping, restaurants, parks, public transportation, and major highways, offering straightforward access to Providence’s daily needs.
Key Highlights
- 1915‑built three‑family (triplex) with 3‑bedroom units and double parlors
- Finished lower level adds extra living space with 3 additional bedrooms, full bath, and living area
- Oversized lot with a paved yard for outdoor use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,338
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,366,760
$1.4M
Cap Rate 7%
$976,257
$976.3K
Cap Rate 9%
$759,311
$759.3K
Market Conditions
NOI Build-Up for 4,047 SF
Gross rent
$104.4K $25.80/SF
− Vacancy
−$6.8K −$1.68/SF
EGI
$97.6K $24.12/SF
− OpEx
−$29.3K −$7.24/SF
NOI
$68.3K $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%
$1,366,760
Cap Rate 7%
$976,257
Cap Rate 9%
$759,311
Alternative Uses
Best Use
Multifamily LT 5
$976.3K
$854.2K – $1.14M
NOI $68,338 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$876.9K
$767.3K – $1.02M
NOI $61,383 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,776 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex offering 3-bedroom units, double parlors, a finished lower level, and a detached six-car garage with off-street parking.
Where is this triplex located?
The property is located at 17 Marietta Street Providence, RI.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: 1915‑built three‑family (triplex) with 3‑bedroom units and double parlors; Finished lower level adds extra living space with 3 additional bedrooms, full bath, and living area; Oversized lot with a paved yard for outdoor use
