41 Carolina Avenue, Providence, RI 02905
MULTI_FAMILY - Providence, RI
- Added:
- Apr 13, 2026
- Days on Market:
- 60
- Last Refresh:
- Jun 11 at 1:06 am
Property Features for 41 Carolina Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Basement, Bathroom 2, Bedroom 3
- Parking
- 4
- Parking features
- Garage
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,757 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3230
Utilities
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1920
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- Wood
Listing agent Kyle Seyboth License #REB.0794296 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Apr 13, 2026
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
- Three separate units provide immediate rental income potential.
- Desirable Washington Park location with easy access to Downtown Providence, Roger Williams Park, and major commuting routes (I‑95, Route 10).
- All utilities are separate, with tenants responsible for their own utility costs.
- Off‑street parking provides added convenience for tenants.
- New boiler (2025‑2026) and relatively new windows (3‑4 years old) on the first and second floors.
- Unfinished basement offers storage or future expansion possibilities.
Overview
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 | $71.1k | $25.80 |
| − Vacancy | −$4.6k | −$1.68 |
| EGI | $66.5k | $24.12 |
| − OpEx | −$20.0k | −$7.24 |
| NOI | $46.6k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.394409
- Latitude
- 41.792232
