5-Unit Apartment
For Sale
$2,200,000
Pending
25 S Court Street, Providence, RI 02906
Five three-bedroom apartments with tenant-paid utilities in Providence’s Brown University and RISD area.
Property Size6,080 SF
Days on Market50
Property Features for 25 S Court Street
General Information
Standard status
Pending
Size
6,080 SF
Property subtype
Commercial
Site & Location
Neighborhood
College Hill
Units
Unit Mix
5 x 3BR
Multifamily Units
5
Building Details
Year Built
1910
Listing Agency:
CENTURY 21 Stachurski Agency
Listed By:
Kathleen Coutu · License #7576
(401) 474-9750
Source:
Onshorerealtors
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 1:30PM
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 CENTURY 21 Stachurski Agency
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Investment Insights
Based on property information with market context.
This Providence multifamily property contains five apartments, with each unit offering three bedrooms and an average size of approximately 1,200 square feet. The building dates to 1910, and residents are responsible for their own utilities, providing a clearly defined utility arrangement across the property.
Located at 25 S Court Street on Providence’s East Side, the property is situated in the Brown University and RISD area. The existing five-unit configuration is complemented by the possibility of creating a sixth apartment, subject to all necessary approvals. Current rents are identified as below market in the property information.
Located at 25 S Court Street on Providence’s East Side, the property is situated in the Brown University and RISD area. The existing five-unit configuration is complemented by the possibility of creating a sixth apartment, subject to all necessary approvals. Current rents are identified as below market in the property information.
Key Highlights
- Five‑unit apartment property at 25 S Court Street, Providence, RI 02906
- Each apartment includes three bedrooms
- Apartments average approximately 1,200 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,218
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,844,360
$1.8M
Cap Rate 7%
$1,317,400
$1.3M
Cap Rate 9%
$1,024,644
$1.0M
Market Conditions
NOI Build-Up for 6,080 SF
Gross rent
$178.8K $29.40/SF
− Vacancy
−$11.1K −$1.82/SF
EGI
$167.7K $27.58/SF
− OpEx
−$75.5K −$12.41/SF
NOI
$92.2K $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%
$1,844,360
Cap Rate 7%
$1,317,400
Cap Rate 9%
$1,024,644
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,218 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,386 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
5,037
Businesses Nearby
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Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five three-bedroom apartments with tenant-paid utilities in Providence’s Brown University and RISD area.
Where is this apartment building located?
The property is located at 25 S Court Street Providence, RI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Five‑unit apartment property at 25 S Court Street, Providence, RI 02906; Each apartment includes three bedrooms; Apartments average approximately 1,200 square feet
