West End Three-Family
For Sale
$499,900
34 Hudson St, Providence, RI 02909
Three-unit property in Providence's West End with investment potential.
Property Size2,347 SF
Price / SF$212
Days on Market148
Property Features for 34 Hudson St
General Information
Standard status
Active
Size
2,347 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$4,294
Listing Agency:
eXp Realty
(888) 315-3445
Listed By:
Jonathan Bolano
(401) 612-3755
Source:
Exprealty
Added: May 11
Changed: Sep 9
Last Checked: Oct 4 at 4:56PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Located in the West End of Providence, this three-family property presents opportunities for both owner-occupants and investors. The multi-family building includes three units, eight bedrooms, and three full bathrooms. The property's layout is functional and is situated near local amenities. Dexter Field, featuring volleyball and basketball courts, trails, and open recreational space, is located nearby. The property provides convenient access to Federal Hill, Providence Place Mall, local restaurants, shopping, Route 6, Route 10, and I-95, facilitating commuting throughout Rhode Island. This property offers location, space, and potential.
Key Highlights
- Strong potential for owner‑occupants or investors.
- Located in the West End of Providence.
- Features 3 units, 8 bedrooms, and 3 full bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,632
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$792,640
$792.6K
Cap Rate 7%
$566,171
$566.2K
Cap Rate 9%
$440,356
$440.4K
Market Conditions
NOI Build-Up for 2,347 SF
Gross rent
$60.6K $25.80/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$56.6K $24.12/SF
− OpEx
−$17.0K −$7.24/SF
NOI
$39.6K $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%
$792,640
Cap Rate 7%
$566,171
Cap Rate 9%
$440,356
Alternative Uses
Best Use
Multifamily LT 5
$566.2K
$495.4K – $660.5K
NOI $39,632 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$508.5K
$445.0K – $593.3K
NOI $35,598 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$785.2K
$687.1K – $916.1K
NOI $54,964 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property in Providence's West End with investment potential.
Where is this triplex located?
The property is located at 34 Hudson St 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: Strong potential for owner‑occupants or investors.; Located in the West End of Providence.; Features **3 units, 8 bedrooms, and 3 full bathrooms.**
