17 Padelford Avenue East Providence, RI 02915
MULTI_FAMILY - East Providence, RI
- Added:
- May 27, 2026
- Days on Market:
- 46
- Last Refresh:
- Jul 11 at 6:06 pm
Property Features for 17 Padelford Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Basement
- Parking
- 5
- Parking features
- Garage
- Patio and Porch features
- Deck
- Interior features
- Wall (Paneled), Wall (Wood), Rough Bath, Skylight, Plumbing (Mixed), Insulation (Unknown)
- Exterior features
- Deck
- Basement
- Partially Finished, Partial
- Standard status
- Active
- Size
- 2,430 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4961
Utilities
- Heating system
- Baseboard, Zoned, Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate, Carpet, Vinyl, Tile - Ceramic
- Building materials
- Paneled, Wood Wall(s), Wood
Listing agent Albert Hajdaraj (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date May 27, 2026
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set in the Riverside area of East Providence, the property is positioned near the East Bay Bike Path and several nearby destinations including Borealis Coffee Company, Crescent Park Carousel, and Sabin Point Park. With an R3 zoning designation, it may appeal to a range of residential income buyers and owner-occupants looking for options within a residential framework.
For an owner-occupant, the layout supports living in one unit while renting the other, and the deck and wooded views offer an attractive day-to-day environment. For an investor, the building’s two 1-bedroom configuration can be useful for those seeking a straightforward residential income property with character and separation between units.
Key Highlights
- Unique two‑family log cabin built in 1920 in the Riverside area
- Each unit has 1 bedroom, plus 2 bathrooms total across the two residences
- Remodeled first‑floor unit includes updated finishes and a rear living room with sliders to a deck
Local Financial Insights For Apartment 5plus
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 | $62.1k | $25.56 |
| − Vacancy | −$3.7k | −$1.53 |
| EGI | $58.4k | $24.03 |
| − OpEx | −$26.3k | −$10.81 |
| NOI | $32.1k | $13.21 |
