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    Providence Multi-Family Investment Opportunity

    34 Hudson Street Providence, RI 02909

    34 Hudson Street, Providence, RI, 02909
    $499,900
    For Sale
    Under Contract
    Claim this Listing
    $499,900

    MULTI_FAMILY - Providence, RI

    Property Size2,347 SF
    Lot Size0.10 Acres
    Price / SF$212
    AddedMay 11
    Days on Market66
    Last RefreshJul 15 at 8:06 am

    Property Features for 34 Hudson Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    3
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 2, Basement, Bedroom 8, Bathroom 3, Bedroom 1, Bedroom 7
    Parking
    4
    Parking features
    Garage
    Basement
    Unfinished, Full
    Appliances
    Gas Water Heater
    Standard status
    Active Under Contract
    Size
    2,347 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4294

    Utilities

    Heating system
    Baseboard, Natural Gas

    Building Details

    Year built
    1876
    Number of units
    3
    Flooring type
    Tile - Ceramic
    Building materials
    Wood

    Listing agent Jonathan Bolano

    Listing office Exp Realty 10 Dorrance Street, Suite 700, West Hartford, RI

    Listing date May 11, 2026

    MLS# 1412235 Listing URL

    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.

    Investment Insights

    Based on property information with market context.

    Located in the West End of Providence, this multi-family property presents opportunities for owner-occupants and investors. The building contains three units, eight bedrooms, and three full bathrooms. The property's layout provides flexibility and value-add potential. The location provides access to Dexter Field, which includes volleyball and basketball courts, trails, and open recreational space. Federal Hill, Providence Place Mall, local restaurants, shopping, Route 6, Route 10, and I-95 are easily accessible, facilitating commuting throughout Rhode Island. The property is a multi-family investment opportunity with long-term upside in a growing area. The property contains 2,347 square feet and sits on a 0.1-acre lot.

    Key Highlights

    • Multi‑family property with 3 units, offering income potential or owner‑occupancy with rental income.
    • Convenient location in the West End of Providence with easy access to Federal Hill, Providence Place Mall, Route 6, Route 10, and I‑95.
    • Features 8 bedrooms and 3 full bathrooms, providing ample living space and flexibility.

    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 $60.6k $25.80
    − Vacancy −$3.9k −$1.68
    EGI $56.6k $24.12
    − OpEx −$17.0k −$7.24
    NOI $39.6k $16.89
    2,347 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $566.2K
    $495.4K – $660.5K (±1% cap)
    NOI $39,632 @ 7.0% cap · market cap 7.93%
    Second Best
    Apartment 5plus
    $508.5K
    $445.0K – $593.3K (±1% cap)
    NOI $35,598 @ 7.0% cap · market cap 7.12%
    Theoretical Best
    Office A
    $785.2K
    $687.1K – $916.1K (±1% cap)
    NOI $54,964 @ 7.0% cap · market cap 10.99%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Locksmith Florist Pet Store & Service Acupuncture Fish Market Veterinary Clinic Tanning Salon

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Triplex - Well-located three-unit property with value-add potential in Providence, RI.
    Where is this triplex located?
    The property is located at 34 Hudson Street Providence, RI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Multi‑family property with 3 units, offering income potential or owner‑occupancy with rental income.; Convenient location in the West End of Providence with easy access to Federal Hill, Providence Place Mall, Route 6, Route 10, and I‑95.; Features **8 bedrooms and 3 full bathrooms**, providing ample living space and flexibility.
    Contact an agent
    (866) 828-3951
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    Jonathan Bolano
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