Three-Family Triplex with Separate
New
For Sale
$649,900
20 Stanwood Street, Providence, RI 02907
Residential Income, Providence, RI
Property Size3,125 SF
Lot Size0.11 Acres
Price / SF$207.97
Days on Market1
Property Features for 20 Stanwood Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 2, Basement, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 1
Parking
8
Parking features
None
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Wall (Plaster), Plumbing (Mixed)
Exterior features
Porch
Basement
Full, Unfinished
Appliances
Oven, Range, Refrigerator
Subdivision
Elmwood
Lot features
Paved Driveway, Paved, Sidewalks
Standard status
Active
Size
3,125 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8179
Utilities
Heating system
Natural Gas, Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile - Ceramic
Building materials
Dry Wall, Plaster, Brick, Vinyl Siding, Wood
Listing Agency:
Here Realty
(401) 862-1251
Listed By:
Catherine Espinosa · License #RES.0045479
(401) 255-4157
Added: Oct 16
Last Checked: Oct 16 at 7:06PM
MLS# 1426033
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.
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Investment Insights
Based on property information with market context.
This 3,125-square-foot triplex contains three residential units with six bedrooms and three bathrooms. Each unit has separate utilities. The building dates to 1910 and includes a porch, a basement, hardwood and ceramic tile flooring, and wall-unit cooling. Heating is provided by natural gas baseboards; listed appliances include an oven, range, and refrigerator.
The property occupies a 0.1148-acre lot at 20 Stanwood Street in Providence. Its location provides access to shopping, dining, schools, major highways, and everyday services. The property information lists no parking features.
The property occupies a 0.1148-acre lot at 20 Stanwood Street in Providence. Its location provides access to shopping, dining, schools, major highways, and everyday services. The property information lists no parking features.
Key Highlights
- Three units with six bedrooms and three bathrooms
- 3,125 square feet on a 0.1148‑acre lot
- 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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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Six bedrooms and three bathrooms are arranged across three units, each with its own utilities.
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: Three units with six bedrooms and three bathrooms; 3,125 square feet on a 0.1148‑acre lot; Separate utilities for each unit
