Triplex with Detached Six-Car
17 Marietta Street Providence, RI 02904
17 Marietta Street, Providence, RI, 02904
$760,000
Pending
For Sale
$760,000
Pending
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 Market14
Property Features for 17 Marietta Street
General Information
- Standard status
- Pending
- Size
- 4,047 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing agency
The Network
(401) 467-3303
Listed by
Braulio Diaz
Source
Lockandkeyre
Added: Jul 9 Updated: Jul 21 at 11:26PM Checked: Jul 22 at 5:15AM
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
Local 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 | $104.4k | $25.80 |
| − Vacancy | −$6.8k | −$1.68 |
| EGI | $97.6k | $24.12 |
| − OpEx | −$29.3k | −$7.24 |
| NOI | $68.3k | $16.89 |
4,047 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
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
