Updated Multi-Family Home, Providence,
43 Jenkins Street Providence, RI 02906
43 Jenkins Street, Providence, RI, 02906
$650,000
For Sale
$650,000
MULTI_FAMILY - Providence, RI
Property Size2,700 SF
Lot Size0.12 Acres
Price / SF$240.74
Days on Market59
Property Features for 43 Jenkins Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Basement, Bathroom 1
- Parking
- 6
- Parking features
- None
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4363
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
Listing agency
Century 21 Limitless
(508) 567-3468
Listed by
Kyle Seyboth · License #REC.0005226
(508) 726-3492
Added: May 24 Updated: Jul 16 at 3:23PM Checked: Jul 21 at 1:06PM
MLS# 1413443
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.
This updated 3-family home in Providence, RI, presents a turnkey opportunity for investors or owner-occupants. Each unit includes 1 bedroom and 1 full bathroom, complemented by renovations throughout the property. The property features new kitchens with modern finishes, new flooring, updated electrical systems, fresh paint, and new siding. Additional improvements include a new roof and a newly paved driveway. Off-street parking is available. The property is located near major highways, public transportation, shopping, and local amenities. The lot size is 0.12 acres, and the property size is 2700 square feet.
Key Highlights
- 3‑family home built in 1900 in Providence, RI, offering a 1‑bedroom/1‑full‑bath layout in each unit
- Updated interiors include brand‑new kitchens, new flooring, fresh paint, and updated electrical throughout the property
- Major exterior updates include new siding and a brand‑new roof
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 | $69.7k | $25.80 |
| − Vacancy | −$4.5k | −$1.68 |
| EGI | $65.1k | $24.12 |
| − OpEx | −$19.5k | −$7.24 |
| NOI | $45.6k | $16.89 |
2,700 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Updated 3-family home near highways, transportation, shopping, and amenities.
Where is this triplex located?
The property is located at 43 Jenkins Street 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: 3‑family home built in 1900 in Providence, RI, offering a 1‑bedroom/1‑full‑bath layout in each unit; Updated interiors include brand‑new kitchens, new flooring, fresh paint, and updated electrical throughout the property; Major exterior updates include new siding and a brand‑new roof
