Renovated Three-Unit Multifamily
For Sale
Under Contract
$1,150,000
25 Sessions Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size3,969 SF
Lot Size0.11 Acres
Price / SF$289.75
Days on Market48
Property Features for 25 Sessions Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Basement, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2
Parking
5
Basement
Full, Unfinished
Subdivision
East Side
Standard status
Active Under Contract
Size
3,969 SF
Lot size
0.11 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8065
Utilities
Heating system
Natural Gas, Forced Air
Building Details
Year built
1900
Floors in Building
3
Number of units
3
Flooring type
Hardwood
Building materials
Vinyl Siding
Buildings
1
Listing Agency:
Westcott Properties
Listed By:
Melissa Riley
(401) 421-5300
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 25 at 2:06PM
MLS# 1422656
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 three-unit multifamily property contains 3,969 square feet of living space across apartments with two, three, and two bedrooms. The first-floor residence includes a mudroom or office area and a double living room with 9-foot ceilings. Upper-level apartments also feature double living rooms and practical layouts. Renovations include new kitchens with quartz counters and stainless steel appliances, refreshed bathrooms, updated flooring, new plaster, fresh paint, and modern lighting.
Building improvements include three boilers, three water heaters, a new 200-amp three-meter electrical service with surge protection, three new 100-amp panels, new plumbing and water lines, a copper water service, and a PVC main stack. The property occupies 0.11 acres at 25 Sessions Street in Providence’s East Side, near Brown Stadium, Brown University, Blackstone Boulevard, Thayer Street, and downtown Providence.
Building improvements include three boilers, three water heaters, a new 200-amp three-meter electrical service with surge protection, three new 100-amp panels, new plumbing and water lines, a copper water service, and a PVC main stack. The property occupies 0.11 acres at 25 Sessions Street in Providence’s East Side, near Brown Stadium, Brown University, Blackstone Boulevard, Thayer Street, and downtown Providence.
Key Highlights
- 3,969 square feet of multifamily living space
- Three apartments with two-, three-, and two‑bedroom layouts
- New kitchens with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,021
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,420
$1.3M
Cap Rate 7%
$957,443
$957.4K
Cap Rate 9%
$744,678
$744.7K
Market Conditions
NOI Build-Up for 3,969 SF
Gross rent
$102.4K $25.80/SF
− Vacancy
−$6.7K −$1.68/SF
EGI
$95.7K $24.12/SF
− OpEx
−$28.7K −$7.24/SF
NOI
$67.0K $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%
$1,340,420
Cap Rate 7%
$957,443
Cap Rate 9%
$744,678
Alternative Uses
Best Use
Multifamily LT 5
$957.4K
$837.8K – $1.12M
NOI $67,021 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$860.0K
$752.5K – $1.00M
NOI $60,200 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,949 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,017
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?
Triplex - Three updated apartments offer flexible layouts, modern finishes, and refreshed building systems in Providence’s East Side.
Where is this triplex located?
The property is located at 25 Sessions Street Providence, RI.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,969 square feet of multifamily living space; Three apartments with two-, three-, and two‑bedroom layouts; New kitchens with quartz countertops and stainless steel appliances
