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Three-Family Residential Income Property
For Sale
$599,990
Pending

264 Douglas Avenue, Providence, RI 02908

Well-maintained three-family property with three spacious units and separate living spaces.

Property Size3,781 SF
Days on Market37

Property Features for 264 Douglas Avenue

General Information

Standard status Pending
Size 3,781 SF
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 3

Building Details

Year Built 1910
Tenancy Multi
Listing Agency: Century 21 Envoy
Listed By: Mauro Orellana
Source: Lockandkeyre
Added: Jul 6 Changed: Aug 11 Last Checked: Aug 11 at 6:12AM

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 Envoy

Investment Insights

Based on property information with market context.

This well-maintained three-family residential income property offers three spacious units with functional layouts and abundant natural light. Each apartment features comfortable living areas and separate living spaces, supporting either tenant occupancy across all units or an owner-occupied setup that offsets expenses with rental income.

Located at 264 Douglas Avenue in Providence, the property is described as conveniently near shopping, restaurants, schools, public transportation, and major highways, providing straightforward access to surrounding amenities and routes.

The asset is configured as a multi-unit residence, making it suitable for a buyer seeking a three-unit cash-flow structure or a flexible living arrangement with rental support.

Key Highlights

  • Year built 1910
  • Well‑maintained three‑family property with three spacious units
  • Functional layouts with generous living areas and abundant natural light in each unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store Acupuncture Catering Service Daycare Center Pet Grooming Service Storage Facility

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

3
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained three-family property with three spacious units and separate living spaces.
Where is this triplex located?
The property is located at 264 Douglas Avenue Providence, RI.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Year built 1910; Well‑maintained three‑family property with three spacious units; Functional layouts with generous living areas and abundant natural light in each unit
More about this property
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