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Well-Maintained Three-Family Residence
For Sale
$774,000

374 Douglas Avenue, Providence, RI 02908

Three-family property with newer hot water tanks and updated units, plus new electrical panels and exterior electric meters.

Property Size5,852 SF
Price / SF$132.26
Days on Market68

Property Features for 374 Douglas Avenue

General Information

Standard status Active
Size 5,852 SF
Property subtype MultiFamily

Additional Details

Highway Access Yes
Multifamily Units 3

Building Details

Year Built 1900
Listing Agency: Real Broker, LLC
Listed By: Elisabeth Lafontant · License #RES.0043143
Source: Lockandkeyre
Added: Jul 6 Changed: Sep 10 Last Checked: Sep 10 at 5:57AM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This well-maintained three-family property offers a practical income-producing layout with spacious units. Recent improvements include new electrical panels, new exterior electric meters, newer hot water tanks, and updated units, providing added value and supporting ongoing operations.

Conveniently located near shopping, restaurants, schools, public transportation, and major highways, the property offers straightforward access to everyday amenities.

The configuration supports both tenant use and owner-occupant scenarios, with rental income that can help offset the cost of ownership.

Key Highlights

  • 3‑family property with updated units and newer hot water tanks
  • Recent electrical updates include new electrical panels and new exterior electric meters
  • Year built: 1900

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store Acupuncture Storage Facility Catering Service Cosmetic Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,631
Businesses Nearby

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-family property with newer hot water tanks and updated units, plus new electrical panels and exterior electric meters.
Where is this triplex located?
The property is located at 374 Douglas Avenue Providence, RI.
What is the asking price?
The asking price for this property is $774,000.
What are key features of this property?
This property features: 3‑family property with updated units and newer hot water tanks; Recent electrical updates include new electrical panels and new exterior electric meters; Year built: 1900
More about this property
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