Fox Point Four-Unit Multifamily
427 Wickenden Street Providence, RI 02903
427 Wickenden Street, Providence, RI, 02903
$895,000
Pending
For Sale
$895,000
Pending
MULTI_FAMILY - Providence, RI
Property Size3,210 SF
Lot Size0.05 Acres
Days on Market267
Property Features for 427 Wickenden Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Basement, Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 2
- Parking features
- None
- Basement
- Full, Unfinished
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 3,210 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10877
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Space Heater, Steam
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Laminate, Hardwood, Tile - Ceramic
- Building materials
- Vinyl Siding
Listing Agency
Residential Properties Ltd.
(401) 274-6740
140 Wickenden Street, RI
Listed by
Stephen Gaskin · License #RES.0048283
(401) 439-7705
Added: Oct 23, 2025 Checked: Jul 16 at 7:06 pm
MLS# 1398088
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.
Located in the heart of Fox Point, this four-unit multifamily property presents an investment opportunity. Situated on Wickenden Street, it is near Hope Street. The property features a mix of unit layouts, including a studio, a one-bedroom unit, and two two-bedroom units. Off-street parking is included. The property is located near cafes, restaurants, boutiques, and India Point Park.
Key Highlights
- Four‑unit property built in 1930 with a mix of unit layouts including a studio, 1 bedroom, and two 2‑bedroom units
- Public sewer connection
- Heating includes natural gas and steam
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 | $82.8k | $25.80 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $77.4k | $24.12 |
| − OpEx | −$23.2k | −$7.24 |
| NOI | $54.2k | $16.89 |
3,210 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$774.3K
$677.6K – $903.4K
NOI $54,204 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$695.5K
$608.6K – $811.5K
NOI $48,688 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$1.07M
$939.7K – $1.25M
NOI $75,174 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property in vibrant Fox Point neighborhood with off-street parking.
Where is this quadplex located?
The property is located at 427 Wickenden Street Providence, RI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four‑unit property built in 1930 with a mix of unit layouts including a studio, 1 bedroom, and two 2‑bedroom units; Public sewer connection; Heating includes natural gas and steam
