Three-Family Residential Income
38 Harvest Street Providence, RI 02908
38 Harvest Street, Providence, RI, 02908
$699,000
For Sale
$699,000
MULTI_FAMILY - Providence, RI
Property Size2,850 SF
Lot Size0.12 Acres
Price / SF$245.26
Days on Market70
Property Features for 38 Harvest Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 2, Basement
- Parking
- 13
- Basement
- Partially Finished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,850 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7123
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1910
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Vinyl Siding
Listing Agency
Neighborhood Realty
(401) 453-2268
1862 Smith Street, NORTH PROVIDENCE, RI
Listed by
Cynthia Izzo
(401) 453-2268
Added: May 8 Checked: Jul 16 at 7:06 pm
MLS# 1412065
Listing URL
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 well maintained three-family property was built in 1910 and offers a total of approximately 2,850 square feet. The home includes 6 bedrooms and 3 bathrooms, with separate entrances for added convenience and privacy. Exterior features include a welcoming front porch and a fenced side yard area, plus a 3-car garage and additional off-street parking.
The property is located at 38 Harvest Street in Providence, Rhode Island (02908) and is zoned R3. It is described as being convenient to downtown Providence, highways, restaurants, shopping, universities, and public transportation.
Please note the coin-op washer and dryer are not part of the sale.
The property is located at 38 Harvest Street in Providence, Rhode Island (02908) and is zoned R3. It is described as being convenient to downtown Providence, highways, restaurants, shopping, universities, and public transportation.
Please note the coin-op washer and dryer are not part of the sale.
Key Highlights
- 3‑family property built in 1910 with over 2,850 sq ft of living space
- 6 bedrooms and 3 bathrooms across the property; basement included
- 3‑car garage plus additional off‑street parking and separate entrances
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 | $73.5k | $25.80 |
| − Vacancy | −$4.8k | −$1.68 |
| EGI | $68.8k | $24.12 |
| − OpEx | −$20.6k | −$7.24 |
| NOI | $48.1k | $16.89 |
2,850 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$687.5K
$601.6K – $802.1K
NOI $48,125 @ 7.0% cap · market cap 6.88%
Second Best
Apartment 5plus
$617.5K
$540.3K – $720.5K
NOI $43,227 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$953.5K
$834.3K – $1.11M
NOI $66,744 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Built in 1910, the three-family includes 6 bedrooms, 3 bathrooms, separate entrances, and a 3-car garage with fenced side yard.
Where is this triplex located?
The property is located at 38 Harvest Street Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3‑family property built in 1910 with over 2,850 sq ft of living space; 6 bedrooms and 3 bathrooms across the property; basement included; 3‑car garage plus additional off‑street parking and separate entrances
