Three-Unit
264 Sayles Street, Providence, RI 02905
For Sale
New
$765,000
Providence property with access to shopping, restaurants, public transportation, and major highways.
Property Size3,612 SF
Price / SF$211.79
Days on Market5
Property Features for 264 Sayles Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
D'Empire Real Estate LLC
(401) 484-8964
Listed By:
Indira Ruiz · License RI RES.0040680
(401) 617-6274
Source:
Lockandkeyre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:37PM
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 D'Empire Real Estate LLC
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Investment Insights
Based on property information with market context.
This Providence triplex contains three units with a combined 12 bedrooms and 3 bathrooms. The 3,612-square-foot property was built in 1880.
Located at 264 Sayles Street, the property is near shopping, restaurants, public transportation, and major highways.
Located at 264 Sayles Street, the property is near shopping, restaurants, public transportation, and major highways.
Key Highlights
- Three‑unit property with 12 bedrooms and 3 bathrooms
- 3,612 square feet
- Built in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,993
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,219,860
$1.2M
Cap Rate 7%
$871,329
$871.3K
Cap Rate 9%
$677,700
$677.7K
Market Conditions
NOI Build-Up for 3,612 SF
Gross rent
$93.2K $25.80/SF
− Vacancy
−$6.1K −$1.68/SF
EGI
$87.1K $24.12/SF
− OpEx
−$26.1K −$7.24/SF
NOI
$61.0K $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%
$1,219,860
Cap Rate 7%
$871,329
Cap Rate 9%
$677,700
Alternative Uses
Best Use
Multifamily LT 5
$871.3K
$762.4K – $1.02M
NOI $60,993 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$782.6K
$684.8K – $913.1K
NOI $54,785 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,589 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 02905, RI
26,334
Population
10,361
Households
2.5
Avg Household Size
34
Median Age
29%
College-Educated
77%
High-School Grad
3.7 sq mi
ZIP Area
7,117
Density / Sq Mi
$57,126
Median Household Income
$36,799
Median Earnings
$1,103
Median Rent
$322,700
Median Home Value
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Market
Average Price Trend$/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 - Providence property with access to shopping, restaurants, public transportation, and major highways.
Where is this triplex located?
The property is located at 264 Sayles Street Providence, RI.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Three‑unit property with 12 bedrooms and 3 bathrooms; 3,612 square feet; Built in 1880
