35 Gray Street Providence, RI 02909
MULTI_FAMILY - Providence, RI
- Added:
- Jun 29, 2026
- Days on Market:
- 13
- Last Refresh:
- Jul 11 at 6:06 pm
Property Features for 35 Gray Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 5, Basement, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Parking
- 3
- Parking features
- None
- Basement
- Finished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5891
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1930
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
Listing agent Kyle Seyboth License #REC.0005226 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Jun 29, 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.
Investment Insights
Based on property information with market context.
Located in Providence, the property is described as having easy access to local shops, restaurants, and amenities. The remarks also note proximity to Federal Hill and downtown Providence for dining and entertainment, along with convenient access to Interstate 95, Route 6, and Route 10. The property is also noted as being near Rhode Island Hospital and Hasbro Children’s Hospital.
With two separate units, this property can fit a range of ownership goals, including owner-occupant living with rental income or a straightforward residential income purchase. The recent upgrades and included appliances reduce near-term turnover and maintenance concerns, while off-street parking supports tenant day-to-day needs. The layout and finishes are positioned for tenants who value a clean, contemporary interior and practical parking.
Key Highlights
- Two‑family home in Providence built in 1930
- Recent upgrades include new kitchens, new roof, and all new appliances
- New tile bathrooms plus fresh paint throughout
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 | $48.3k | $25.80 |
| − Vacancy | −$3.1k | −$1.68 |
| EGI | $45.2k | $24.12 |
| − OpEx | −$13.5k | −$7.24 |
| NOI | $31.6k | $16.89 |
