Triplex Updated with New
For Sale
$650,000
43 Jenkins St, Providence, RI 02906
Three renovated units feature 1 bedroom and 1 full bath each, plus new roof and siding.
Property Size2,700 SF
Price / SF$240.74
Days on Market77
Property Features for 43 Jenkins St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
Century 21 Limitless
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Source:
Alpernandmesenbourg
Added: Jul 29
Changed: Oct 7
Last Checked: Oct 12 at 11:46PM
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 Century 21 Limitless
Investment Insights
Based on property information with market context.
This updated triplex includes three residential units, each with 1 bedroom and 1 full bathroom. The property has been renovated throughout with brand-new kitchens featuring modern finishes, new flooring, fresh paint, and updated electrical. Exterior improvements include new siding to enhance curb appeal and efficiency. Major recent upgrades also include a brand-new roof and a newly paved driveway.
Off-street parking is available for added convenience. The property is located in Providence, with access to major highways, public transportation, and nearby shopping and local amenities.
Built in 1900, this three-family home provides a straightforward mix of residential living with renovation work already completed across the units and key building systems.
Off-street parking is available for added convenience. The property is located in Providence, with access to major highways, public transportation, and nearby shopping and local amenities.
Built in 1900, this three-family home provides a straightforward mix of residential living with renovation work already completed across the units and key building systems.
Key Highlights
- Three units, each with 1 bedroom and 1 full bathroom
- Brand‑new kitchens with modern finishes plus new flooring and fresh paint
- Updated electrical throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,592
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,840
$911.8K
Cap Rate 7%
$651,314
$651.3K
Cap Rate 9%
$506,578
$506.6K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$69.7K $25.80/SF
− Vacancy
−$4.5K −$1.68/SF
EGI
$65.1K $24.12/SF
− OpEx
−$19.5K −$7.24/SF
NOI
$45.6K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$911,840
Cap Rate 7%
$651,314
Cap Rate 9%
$506,578
Alternative Uses
Best Use
Multifamily LT 5
$651.3K
$569.9K – $759.9K
NOI $45,592 @ 7.0% cap · market cap 7.01%
Second Best
Apartment 5plus
$585.0K
$511.9K – $682.5K
NOI $40,952 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$903.3K
$790.4K – $1.05M
NOI $63,231 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,688
Businesses Nearby
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Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three renovated units feature 1 bedroom and 1 full bath each, plus new roof and siding.
Where is this triplex located?
The property is located at 43 Jenkins St Providence, RI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three units, each with 1 bedroom and 1 full bathroom; Brand‑new kitchens with modern finishes plus new flooring and fresh paint; Updated electrical throughout the property
