Triplex with Updated
31 Hawthorne Street, Providence, RI 02907
For Sale
$699,000
Three residential units share a basement, with utility systems updated.
Property Size3,060 SF
Price / SF$228.43
Days on Market25
Property Features for 31 Hawthorne Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Casamas Real Estate
Listed By:
Aggy Garcia · License #REB.0209017
(401) 999-9331
Source:
Lockandkeyre
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 7 at 7:01PM
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 Casamas Real Estate
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Investment Insights
Based on property information with market context.
This 3,060-square-foot triplex, built in 1910, contains three residential units with living areas in each. Updated utilities and a basement are among the building’s existing features.
The property is minutes from Roger Williams Park, shopping, and commuter routes.
The property is minutes from Roger Williams Park, shopping, and commuter routes.
Key Highlights
- Three‑unit residential property
- 3,060 square feet; built in 1910
- Updated utility systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,671
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,420
$1.0M
Cap Rate 7%
$738,157
$738.2K
Cap Rate 9%
$574,122
$574.1K
Market Conditions
NOI Build-Up for 3,060 SF
Gross rent
$78.9K $25.80/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$73.8K $24.12/SF
− OpEx
−$22.1K −$7.24/SF
NOI
$51.7K $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%
$1,033,420
Cap Rate 7%
$738,157
Cap Rate 9%
$574,122
Alternative Uses
Best Use
Multifamily LT 5
$738.2K
$645.9K – $861.2K
NOI $51,671 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$663.0K
$580.2K – $773.5K
NOI $46,412 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$1.02M
$895.8K – $1.19M
NOI $71,662 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,231
Businesses Nearby
Explore this area
Business Placement
Demographics for 02907, RI
29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Three residential units share a basement, with utility systems updated.
Where is this triplex located?
The property is located at 31 Hawthorne Street Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑unit residential property; 3,060 square feet; built in 1910; Updated utility systems
