Triplex with Updated Common
For Sale
$600,000
360 Manton Avenue, Providence, RI 02909
Residential Income, Providence, RI
Property Size2,901 SF
Lot Size0.06 Acres
Price / SF$206.83
Days on Market14
Property Features for 360 Manton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4
Parking
6
Parking features
None
Basement
Full, Unfinished
Appliances
Gas Water Heater
Standard status
Active
Size
2,901 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6469
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1930
Number of units
3
Flooring type
Laminate
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Sep 22
Changed: Oct 3
Last Checked: Oct 5 at 10:06PM
MLS# 1423912
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.
This 1930 triplex contains 2,901 square feet across three two-bedroom units, creating a consistent six-bedroom residential configuration. Individual utility arrangements place gas baseboard heat, hot water, and electric with the tenants, while water, sewer, and the meter serving the basement and shared areas remain landlord responsibilities. The building has vinyl siding, laminate flooring, natural gas and forced-air systems, and a gas water heater.
Shared interior and exterior circulation areas have painted hallways and stairs, new LVP flooring, thread covers, and motion-sensor lighting. The property is fire coded and has current lead certificates. Located on Manton Avenue in Providence’s Manton/Olneyville area, it is near Manton Plaza, Hartford Avenue shopping, Route 6, Route 44, RIPTA, the Woonasquatucket River Greenway, Olneyville Square, Federal Hill, Downtown Providence, hospitals, colleges, restaurants, and everyday amenities. Access extends to Johnston, Cranston, North Providence, and surrounding communities.
Shared interior and exterior circulation areas have painted hallways and stairs, new LVP flooring, thread covers, and motion-sensor lighting. The property is fire coded and has current lead certificates. Located on Manton Avenue in Providence’s Manton/Olneyville area, it is near Manton Plaza, Hartford Avenue shopping, Route 6, Route 44, RIPTA, the Woonasquatucket River Greenway, Olneyville Square, Federal Hill, Downtown Providence, hospitals, colleges, restaurants, and everyday amenities. Access extends to Johnston, Cranston, North Providence, and surrounding communities.
Key Highlights
- Three units, each with 2 bedrooms
- 2,901 square feet on 0.06 acres
- Separate tenant‑paid gas baseboard heat, hot water, and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,987
Cap Rate
8.16%
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 8.16%
Second Best
Apartment 5plus
$628.6K
$550.0K – $733.4K
NOI $44,001 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$970.5K
$849.2K – $1.13M
NOI $67,938 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three matching two-bedroom units offer a consistent layout with individually metered tenant utilities and maintained interior circulation areas.
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 $600,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms; 2,901 square feet on 0.06 acres; Separate tenant‑paid gas baseboard heat, hot water, and electric
