339 Waterman Avenue, East Providence, RI 02914
MULTI_FAMILY - East Providence, RI
- Added:
- Jun 25, 2026
- Days on Market:
- 12
- Last Refresh:
- Jul 6 at 11:06 am
Property Features for 339 Waterman Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 3, Basement, Bedroom 5, Bathroom 2, Bedroom 3
- Parking
- 7
- Interior features
- Plumbing (Mixed)
- Basement
- Unfinished, Storage Space, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,912 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6742
Utilities
- Heating system
- Natural Gas, Steam, Forced Air
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Carpet
- Building materials
- Shingles
Listing agent Robert Bohlen License #RES.0042441 (401) 245-2000
Listing office Re/Max River's Edge 300 County Road, Barrington, RI (401) 245-2000
Listing date Jun 25, 2026
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.
HighLights
- Three‑family property with three units, each with 2 bedrooms and 1 full bathroom
- 1/4‑acre lot with a detached 2‑car garage for additional storage and parking
- Heating includes steam, natural gas, and forced air
- Gas water heater included
- Construction includes shingles; flooring includes carpet
- Year built: 1900
Overview
Located at 339 Waterman Avenue in East Providence, the property is convenient to shopping, dining, and schools. It is also described as being near major highways, supporting practical commuting and day-to-day accessibility for tenants.
For owner-occupants and investors, the asset provides a built-in income component through three rentable units with similar unit mix. Buyers may consider living in one unit while renting the others, or operating the property as a traditional multifamily rental. With three units all featuring two-bedroom, one-bath layouts and onsite garage support, the property is positioned as a workable option for anyone seeking a small residential income property in East Providence.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.1k | $25.44 |
| − Vacancy | −$4.8k | −$1.65 |
| EGI | $69.3k | $23.79 |
| − OpEx | −$20.8k | −$7.14 |
| NOI | $48.5k | $16.65 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- East Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.365702
- Latitude
- 41.81921
