Three-Unit Triplex with
For Sale
$575,000
360 Manton Avenue, Providence, RI 02909
Each residence has two bedrooms and separate utility service for gas heat, hot water, and electricity.
Property Size2,901 SF
Price / SF$198.21
Days on Market24
Property Features for 360 Manton Avenue
General Information
Standard status
Active
Size
2,901 SF
Total Parking Spaces
6
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Parking per Unit
2
Building Details
Year Built
1930
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Source:
Lavonnelopes
Added: Sep 24
Changed: Oct 16
Last Checked: Oct 16 at 6:17AM
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 Century 21 Limitless
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Providence triplex contains three residences, each with two bedrooms. Gas baseboard heat, hot water, and electric service are separately metered; the owner covers water and sewer, along with service to the basement and shared areas. The building is fire coded and has current lead certificates. Common-area work includes new LVP flooring, painted halls and stairs, thread covers, and motion-sensor lighting inside and outside. Six parking spaces are assigned at two per unit.
The property is on Manton Avenue near Manton Plaza, Hartford Avenue shopping, Olneyville Square, and the Woonasquatucket River Greenway. Route 6, Route 44, and RIPTA service provide additional transportation connections. Downtown Providence, Federal Hill, hospitals, colleges, restaurants, and everyday amenities are also cited nearby. The building dates to 1930.
The property is on Manton Avenue near Manton Plaza, Hartford Avenue shopping, Olneyville Square, and the Woonasquatucket River Greenway. Route 6, Route 44, and RIPTA service provide additional transportation connections. Downtown Providence, Federal Hill, hospitals, colleges, restaurants, and everyday amenities are also cited nearby. The building dates to 1930.
Key Highlights
- Three units, each with 2 bedrooms
- Six parking spaces, with two assigned to each unit
- Separate service for gas baseboard heat, hot water, and electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,987
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$979,740
$979.7K
Cap Rate 7%
$699,814
$699.8K
Cap Rate 9%
$544,300
$544.3K
Market Conditions
NOI Build-Up for 2,901 SF
Gross rent
$74.8K $25.80/SF
− Vacancy
−$4.9K −$1.68/SF
EGI
$70.0K $24.12/SF
− OpEx
−$21.0K −$7.24/SF
NOI
$49.0K $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%
$979,740
Cap Rate 7%
$699,814
Cap Rate 9%
$544,300
Alternative Uses
Best Use
Multifamily LT 5
$699.8K
$612.3K – $816.5K
NOI $48,987 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$628.6K
$550.0K – $733.4K
NOI $44,001 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$970.5K
$849.2K – $1.13M
NOI $67,938 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,059
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
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has two bedrooms and separate utility service for gas heat, hot water, and electricity.
Where is this triplex located?
The property is located at 360 Manton Avenue Providence, RI.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms; Six parking spaces, with two assigned to each unit; Separate service for gas baseboard heat, hot water, and electricity
