Well-Maintained Three-Family
42 Calder Street Providence, RI 02907
New
42 Calder Street, Providence, RI, 02907
$669,000
For Sale
$669,000
Three residential units each offer two bedrooms and one full bathroom in a well-maintained, updated property.
Property Size3,390 SF
Price / SF$197.35
Days on Market2
Property Features for 42 Calder Street
General Information
- Standard status
- Active
- Size
- 3,390 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1895
Listing agency
Coldwell Banker Realty
Listed by
Mariela De La Rosa · License #50367
Source
Onshorerealtors
Added: Jul 22 Updated: Jul 23 at 5:35AM Checked: Jul 23 at 5:35AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This well-maintained three-family property offers three residential units, each with two bedrooms and one full bathroom. The third-floor unit has been completely renovated and is move-in ready. Recent exterior updates include newly paved driveway and backyard improvements, supporting clean, functional outdoor space.
The property is located in Providence and is described as being just minutes from schools, shopping, restaurants, hospitals, public transportation, and major highways, supporting convenient everyday access.
With two-bedroom, one-bath layouts across all units and exterior improvements already completed, the building presents a straightforward income or owner-occupant option within a maintained multifamily setting.
The property is located in Providence and is described as being just minutes from schools, shopping, restaurants, hospitals, public transportation, and major highways, supporting convenient everyday access.
With two-bedroom, one-bath layouts across all units and exterior improvements already completed, the building presents a straightforward income or owner-occupant option within a maintained multifamily setting.
Key Highlights
- Three‑family property built in 1895 with 3 residential units
- Each unit offers 2 bedrooms and 1 full bathroom
- Third‑floor unit is completely renovated and move‑in ready
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 | $87.5k | $25.80 |
| − Vacancy | −$5.7k | −$1.68 |
| EGI | $81.8k | $24.12 |
| − OpEx | −$24.5k | −$7.24 |
| NOI | $57.2k | $16.89 |
3,390 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$817.8K
$715.6K – $954.1K
NOI $57,244 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$734.5K
$642.7K – $857.0K
NOI $51,418 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$1.13M
$992.4K – $1.32M
NOI $79,390 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three residential units each offer two bedrooms and one full bathroom in a well-maintained, updated property.
Where is this triplex located?
The property is located at 42 Calder Street Providence, RI.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Three‑family property built in 1895 with 3 residential units; Each unit offers 2 bedrooms and 1 full bathroom; Third‑floor unit is completely renovated and move‑in ready
