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Triplex Property with Full Basements
For Sale
Contact for pricing
Pending

278 Point St, Providence, RI 02903

Two multifamily buildings offer six one-bedroom apartments, basement areas, off-street parking, and an adjoining corner lot.

Property SizeContact for details
Days on Market142

Property Features for 278 Point St

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Land Use residential, commercial

Building Details

Buildings 2
Listing Agency: RICA Realty LLC
Listed By: Richard Palumbo · License #RI
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 11:22PM

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 RICA Realty LLC

Investment Insights

Based on property information with market context.

This Providence property includes two multifamily buildings, each arranged with three one-bedroom, one-bathroom apartments, for a total of six residential units. Both buildings include full basements, large lots, and off-street parking. The property also includes a corner vacant lot, creating a broader site configuration for residential renovation or future development considerations supported by the existing land component.

The site is positioned near the Point Street exit serving I-95 and I-195. Nearby medical institutions include Bay Tower Medical Center, Women & Infants, Rhode Island Hospital, Lifespan, and Hasbro Children’s Hospital. Bus lines, the city center, shopping, and hospitals are also identified in the surrounding area.

Key Highlights

  • Two multifamily buildings with three 1‑bedroom/1‑bathroom units each
  • Six residential units supported by full basements in both buildings
  • Corner vacant lot included with the property

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pet Grooming Service Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Store Pet Store & Service

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

5,256
Businesses Nearby

Demographics for 02903, RI

13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Triplex - Two multifamily buildings offer six one-bedroom apartments, basement areas, off-street parking, and an adjoining corner lot.
Where is this triplex located?
The property is located at 278 Point St Providence, RI.
What are key features of this property?
This property features: Two multifamily buildings with three 1‑bedroom/1‑bathroom units each; Six residential units supported by full basements in both buildings; Corner vacant lot included with the property
More about this property
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