Multifamily Income
For Sale
$999,900
236 Dudley St, Providence, RI 02907
Built in 1920, this multi-family offers approximately 4,300+ square feet with 8 bedrooms and 3 bathrooms.
Property Size4,323 SF
Price / SF$231.30
Days on Market110
Property Features for 236 Dudley St
General Information
Standard status
Active
Size
4,323 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Upper South Providence
Highway Access
Yes
Building Details
Year Built
1920
Listing Agency:
The Network
Listed By:
Braulio Diaz, Fernanda Diaz
Source:
Alpernandmesenbourg
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 24 at 6:36PM
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
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Investment Insights
Based on property information with market context.
Built in 1920, this multi-family residential income property offers approximately 4,300+ square feet of living space with a total of 8 bedrooms and 3 bathrooms. The layout is designed to support multi-unit occupancy, and the property also includes a manageable lot for added resident convenience.
The property is described as being in the Upper South Providence area, just minutes from major hospitals, highways, schools, and local amenities. Additionally, lot 377 is included in the sale, and the remarks note it may be buildable; buyers should perform due diligence regarding development possibilities.
Offered for sale, the building’s configuration is suited to both investors seeking rental income and owner-occupants looking to live in the property while renting other units.
The property is described as being in the Upper South Providence area, just minutes from major hospitals, highways, schools, and local amenities. Additionally, lot 377 is included in the sale, and the remarks note it may be buildable; buyers should perform due diligence regarding development possibilities.
Offered for sale, the building’s configuration is suited to both investors seeking rental income and owner-occupants looking to live in the property while renting other units.
Key Highlights
- Built in 1920 multi‑family with approximately 4,300+ SF of living space
- 8 bedrooms and 3 bathrooms across the multi‑family layout
- Multi‑family configuration suitable for rental income or owner‑occupant with tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,569
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,380
$1.3M
Cap Rate 7%
$936,700
$936.7K
Cap Rate 9%
$728,544
$728.5K
Market Conditions
NOI Build-Up for 4,323 SF
Gross rent
$127.1K $29.40/SF
− Vacancy
−$7.9K −$1.82/SF
EGI
$119.2K $27.58/SF
− OpEx
−$53.6K −$12.41/SF
NOI
$65.6K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,380
Cap Rate 7%
$936,700
Cap Rate 9%
$728,544
Alternative Uses
Best Use
Apartment 5plus
$936.7K
$819.6K – $1.09M
NOI $65,569 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,240 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,956
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?
Multifamily property - Built in 1920, this multi-family offers approximately 4,300+ square feet with 8 bedrooms and 3 bathrooms.
Where is this multifamily property located?
The property is located at 236 Dudley St Providence, RI.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Built in 1920 multi‑family with approximately 4,300+ SF of living space; 8 bedrooms and 3 bathrooms across the multi‑family layout; Multi‑family configuration suitable for rental income or owner‑occupant with tenants
