420 Orms Street Providence, RI 02908
MULTI_FAMILY - Providence, RI
Property Features for 420 Orms Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Triplex
- Bedrooms
- 12
- Bathrooms
- 4
- Rooms
- Bedroom 10, Bedroom 11, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 3, Bedroom 12, Bathroom 3, Basement
- Parking
- 7
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Plumbing (Mixed)
- Fireplace
- 1
- Basement
- Finished, Full
- Appliances
- Electric Water Heater
- Standard status
- Pending
- Size
- 3,342 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4649
Utilities
- Heating system
- Electric (Heating), Baseboard
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 4
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Dry Wall, Vinyl Siding
Listing agent The Realpro Group (401) 432-4223
Listing office Realpro By The Water 2202 Broad Street, Cranston, RI (401) 600-4100
Listing date May 6, 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.
Investment Insights
Based on property information with market context.
Key Highlights
- Cash‑flowing property in a strong rental area.
- Excellent investment opportunity with long‑term growth potential.
- Ideally located near Providence College, downtown Providence, and I‑95.
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 | $86.2k | $25.80 |
| − Vacancy | −$5.6k | −$1.68 |
| EGI | $80.6k | $24.12 |
| − OpEx | −$24.2k | −$7.24 |
| NOI | $56.4k | $16.89 |
