3-Unit Residential
For Sale
$649,900
20 Stanwood Street, Providence, RI 02907
All three units are leased, with separate utilities and off-street parking.
Property Size3,125 SF
Price / SF$207.97
Days on Market10
Property Features for 20 Stanwood Street
General Information
Standard status
Active
Size
3,125 SF
Property subtype
MultiFamily
Occupancy
100%
Site & Location
Neighborhood
Elmwood
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Listing Agency:
HERE Realty
(401) 862-1251
Listed By:
Catherine Espinosa · License #RES.0045479
(401) 255-4157
Source:
Lockandkeyre
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 24 at 6:35PM
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 HERE Realty
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Investment Insights
Based on property information with market context.
Built in 1910, this three-family property contains 6 bedrooms and 3 bathrooms. Each unit has separate utilities, and off-street parking is available. The property is fully rented.
At 20 Stanwood Street in Providence, the property has access to shopping, dining, schools, major highways, and everyday services.
At 20 Stanwood Street in Providence, the property has access to shopping, dining, schools, major highways, and everyday services.
Key Highlights
- Fully rented three‑family property
- 6 bedrooms and 3 bathrooms
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,769
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,055,380
$1.1M
Cap Rate 7%
$753,843
$753.8K
Cap Rate 9%
$586,322
$586.3K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$80.6K $25.80/SF
− Vacancy
−$5.2K −$1.68/SF
EGI
$75.4K $24.12/SF
− OpEx
−$22.6K −$7.24/SF
NOI
$52.8K $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%
$1,055,380
Cap Rate 7%
$753,843
Cap Rate 9%
$586,322
Alternative Uses
Best Use
Multifamily LT 5
$753.8K
$659.6K – $879.5K
NOI $52,769 @ 7.0% cap · market cap 8.12%
Second Best
Apartment 5plus
$677.1K
$592.5K – $790.0K
NOI $47,398 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.05M
$914.8K – $1.22M
NOI $73,184 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,267
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three units are leased, with separate utilities and off-street parking.
Where is this triplex located?
The property is located at 20 Stanwood Street Providence, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Fully rented three‑family property; 6 bedrooms and 3 bathrooms; Separate utilities for each unit
