Multifamily Income
236 Dudley Street Providence, RI 02907
236 Dudley Street, Providence, RI, 02907
$999,900
For Sale
$999,900
Built in 1920, this multi-family offers approximately 4,300+ square feet with 8 bedrooms and 3 bathrooms.
Property Size4,300 SF
Price / SF$232.53
Days on Market53
Property Features for 236 Dudley Street
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1920
Listing agency
The Network
Listed by
Braulio Diaz
(401) 457-3400
Source
Residentialproperties
Added: Jun 1 Updated: Jul 22 at 8:59AM Checked: Jul 22 at 8:59AM
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
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
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 | $126.4k | $29.40 |
| − Vacancy | −$7.8k | −$1.82 |
| EGI | $118.6k | $27.58 |
| − OpEx | −$53.4k | −$12.41 |
| NOI | $65.2k | $15.17 |
4,300 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$931.7K
$815.3K – $1.09M
NOI $65,220 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,701 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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 Street 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
