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    Three-Unit Multifamily with Backyard Title is generated by Realmo AI

    39 Allendale Avenue, North Providence, RI 02911

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    Claim this Listing
    For Sale
    $699,900

    MULTI_FAMILY - North Providence, RI

    Property size:
    3,250 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $215/SF
    Added:
    Jun 13, 2026
    Days on Market:
    24
    Last Refresh:
    Jul 6 at 10:06 am

    Property Features for 39 Allendale Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bedroom 5, Bathroom 4, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Basement
    Parking
    6
    Parking features
    Garage
    Interior features
    Wall (Plaster), Plumbing (Mixed), Insulation (Cap), Insulation (Ceiling), Insulation (Walls)
    Basement
    Full, Finished
    Appliances
    Tankless Water Heater, Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
    Standard status
    Active
    Size
    3,250 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6100

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Ductless

    Building Details

    Year built
    1985
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Tile - Ceramic, Laminate
    Building materials
    Plaster, Brick, Vinyl Siding

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    Contact an agent
    Ed Duffy

    Listing agent Ed Duffy

    Listing office Alltown Real Estate Group 357 Putnam Pike, Smithfield, RI

    Listing date Jun 13, 2026

    MLS# 1415316 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.

    HighLights

    • 3‑unit property built circa 1985 in the Lymansville section of North Providence
    • Owners unit has nearly 1,400 SF with 3 beds and 2.5 baths
    • Includes 2 additional 1‑bedroom apartments with walkouts
    • Heating and hot water include natural gas with 3 gas‑fired Navien boilers and a tankless water heater
    • Ductless A/C and laundry available in the building
    • Garage parking plus spacious backyard

    Overview

    This circa 1985 three-unit multifamily offers one owner-occupied residence and two additional apartments. The owner unit features nearly 1,400 square feet of living area, a large kitchen/dining area, three bedrooms, and 2.5 bathrooms, along with air conditioning. The two remaining units are one-bedroom apartments with walkouts. The building includes laundry facilities, a low-maintenance exterior, and a spacious backyard. Three gas-fired Navien boilers are in place to support heating needs.

    Located in the Lymansville section of North Providence, the property is positioned close to area amenities, with RI College nearby. Parking is available onsite, supporting easy day-to-day access for residents and guests.

    The configuration is practical for owners seeking to live in one unit while renting the other two, or for investors looking for a straightforward three-unit rental setup. With laundry in the building, multiple independent apartment layouts, and onsite parking, the property is designed to support tenant convenience and reduced shared friction. The sale is subject to the seller securing suitable housing.

    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 $82.7k $25.44
    − Vacancy −$5.4k −$1.65
    EGI $77.3k $23.79
    − OpEx −$23.2k −$7.14
    NOI $54.1k $16.65
    3,250 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $773.1K
    $676.4K – $901.9K (±1% cap)
    NOI $54,114 @ 7.0% cap · market cap 7.73%
    Second Best
    Apartment 5plus
    $613.5K
    $536.8K – $715.8K (±1% cap)
    NOI $42,947 @ 7.0% cap · market cap 6.14%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Hotel & Motel Law Firm Skin Care Clinic Acupuncture Food Market Grocery & Convenience Store Auto Parts Store Cosmetic Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.473499
    Latitude
    41.841374

    FAQs

    What type of property is this?
    Triplex - Well-maintained three-unit property with spacious owner layout, laundry in building, parking, and a backyard.
    Where is this triplex located?
    The property is located at 39 Allendale Avenue North Providence, RI.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: 3‑unit property built circa 1985 in the Lymansville section of North Providence; Owners unit has nearly 1,400 SF with 3 beds and 2.5 baths; Includes 2 additional 1‑bedroom apartments with walkouts
    More about this property
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