Building Details

Construction brick

Listing Agency: Elite Commercial Realty i***@yahoo.com Show Phone

Listed By: Michael Alves · License #REC.0016995

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 31 at 8:41AM

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Investment Insights

Based on property information with market context.

This brick apartment property contains 12 units, including 11 two-bedroom apartments and one one-bedroom apartment. The reported 6%+ cap rate adds an income-oriented metric to the offering. The building is located at 243 Smithfield Rd in North Providence, RI 02911.

Key Highlights

• 12‑unit brick apartment building
• Unit mix includes 11 two‑bedroom apartments and 1 one‑bedroom apartment
• Reported 6%+ cap rate

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Daycare Center Kitchen & Bath Showroom Garden Center Building Supply Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

Location Intelligence

Trade Area within ½ mile

877

Businesses Nearby

Explore this area Business Placement

Demographics for 02911, RI

16,384

Population

6,894

Households

2.4

Avg Household Size

39

Median Age

33%

College-Educated

91%

High-School Grad

2.5 sq mi

ZIP Area

6,554

Density / Sq Mi

$85,803

Median Household Income

$53,209

Median Earnings

$1,480

Median Rent

$319,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - The property includes one- and two-bedroom residential layouts.

Where is this apartment building located?

The property is located at 243 Smithfield Rd North Providence, RI.

What are key features of this property?

This property features: 12‑unit brick apartment building; Unit mix includes 11 two‑bedroom apartments and 1 one‑bedroom apartment; Reported 6%+ cap rate