3-Unit Residential
New
For Sale
$769,900
195 Ohio Avenue, Providence, RI 02905
Residential Income, Providence, RI
Property Size3,740 SF
Lot Size0.07 Acres
Price / SF$205.86
Days on Market2
Property Features for 195 Ohio Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Basement, Bedroom 7, Bedroom 5, Bedroom 2, Bedroom 4
Parking
6
Parking features
None
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Attic, Attic Stairs, Plumbing (Copper), Plumbing (Mixed), Plumbing (PEX), Plumbing (PVC), Insulation (Unknown)
Exterior features
Porch
Basement
Full, Storage Space, Partially Finished
Appliances
Oven, Range, Refrigerator, Gas Water Heater
Subdivision
Washington Park
Lot features
Fenced
Standard status
Active
Size
3,740 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8327
Utilities
Heating system
Central, Natural Gas, Baseboard
Amenities
finished attic
finished basement
Building Details
Year built
1910
Floors in Building
4
Number of units
3
Flooring type
Hardwood, Tile - Ceramic
Building materials
Dry Wall
Listing Agency:
Prime Time Properties, Inc.
(401) 454-1300
Listed By:
Hector Rosa
(401) 692-9334
Added: Oct 13
Last Checked: Oct 14 at 12:06PM
MLS# 1425884
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.
This three-unit residential property contains 3,740 square feet on a 0.0735-acre lot. Each unit has two bedrooms and a double-parlor arrangement. Interior features include new kitchens, an updated bathroom, hardwood flooring, and finished attic space on the third floor. A finished basement and porch add to the building’s existing features. The property was built in 1910 and is zoned R3.
The building is on a bus route, with access to I-95 and I-295. Johnson & Wales University’s Harborside campus is nearby. Rhode Island Hospital and Women & Infants Hospital are a 10-minute drive away; downtown Providence is 15 minutes away, and Boston is 45 minutes away.
The building is on a bus route, with access to I-95 and I-295. Johnson & Wales University’s Harborside campus is nearby. Rhode Island Hospital and Women & Infants Hospital are a 10-minute drive away; downtown Providence is 15 minutes away, and Boston is 45 minutes away.
Key Highlights
- Three residential units, each with two bedrooms
- 3,740 square feet on a 0.0735‑acre lot
- New kitchens, hardwood floors and double parlors in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,154
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,263,080
$1.3M
Cap Rate 7%
$902,200
$902.2K
Cap Rate 9%
$701,711
$701.7K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$96.5K $25.80/SF
− Vacancy
−$6.3K −$1.68/SF
EGI
$90.2K $24.12/SF
− OpEx
−$27.1K −$7.24/SF
NOI
$63.2K $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%
$1,263,080
Cap Rate 7%
$902,200
Cap Rate 9%
$701,711
Alternative Uses
Best Use
Multifamily LT 5
$902.2K
$789.4K – $1.05M
NOI $63,154 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$810.4K
$709.1K – $945.4K
NOI $56,726 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,586 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
818
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms and a double-parlor layout, with hardwood flooring and new kitchens.
Where is this triplex located?
The property is located at 195 Ohio Avenue Providence, RI.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Three residential units, each with two bedrooms; 3,740 square feet on a 0.0735‑acre lot; New kitchens, hardwood floors and double parlors in each unit
