Renovated
25 Sessions Street, Providence, RI 02906
For Sale
New
$1,100,000
Residential Income, Providence, RI
Property Size3,969 SF
Lot Size0.11 Acres
Price / SF$277.15
Days on Market4
Property Features for 25 Sessions Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Basement
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Westcott Properties
Listed By:
Melissa Riley · License #RES.0033799
(401) 421-5300
Added: Nov 6
Last Checked: Nov 9 at 3:06AM
MLS# 1427999
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 on a 0.11-acre lot. The apartments offer two, three, and two bedrooms, respectively. Built in 1900, the building has vinyl siding and hardwood flooring. Interior work includes remodeled kitchens with quartz counters and stainless steel appliances, refreshed bathrooms, new plaster, updated floors, and modern lighting. The first-floor unit also has a mudroom/office area and a double living room with 9-foot ceilings.
Building systems have received significant updates, including three boilers, three water heaters, new plumbing and water lines, a copper water service, and a PVC main stack. Electrical work includes a new 200-amp, three-meter service with surge protection and three 100-amp panels. The property is in Providence’s East Side, near Brown Stadium, Brown University, Blackstone Boulevard, Thayer Street, and downtown Providence.
Building systems have received significant updates, including three boilers, three water heaters, new plumbing and water lines, a copper water service, and a PVC main stack. Electrical work includes a new 200-amp, three-meter service with surge protection and three 100-amp panels. The property is in Providence’s East Side, near Brown Stadium, Brown University, Blackstone Boulevard, Thayer Street, and downtown Providence.
Key Highlights
- Three apartments with bedroom counts of 2, 3, and 2
- 3,969 square feet on a 0.11‑acre lot
- New 200‑amp three‑meter electrical service with surge protection and three 100‑amp panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,021
Cap Rate
6.09%
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 6.09%
Second Best
Apartment 5plus
$860.0K
$752.5K – $1.00M
NOI $60,200 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,949 @ 7.0% cap · market cap 8.45%
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
$582,700
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Providence, RI
Properties on Market for Triplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments have updated kitchens and bathrooms, alongside substantial mechanical and electrical improvements.
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 $1,100,000.
What are key features of this property?
This property features: Three apartments with bedroom counts of 2, 3, and 2; 3,969 square feet on a 0.11‑acre lot; New 200‑amp three‑meter electrical service with surge protection and three 100‑amp panels
