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Updated Triplex with Historic Character
For Sale
$735,000

49 Arnold Street East, Providence, RI 02915

Three-unit property with owned solar panels and a flexible apartment configuration.

Property SizeContact for details
Days on Market41

Property Features for 49 Arnold Street East

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR, 2 x 1BR/1BA
Multifamily Units 3

Amenities

Fireplace
Electric
Heat Pump
Steam
Solar
Ductless
Electric Water Heater
Porch, Sewer Connected

Building Details

Year Built 1890
Stories 3
Listing Agency: Broadway Real Estate Group
Listed By: Marissa Bouchard · License #REB.0019110
Source: Kw
Added: Aug 14 Changed: Sep 23 Last Checked: Sep 22 at 9:28PM

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 Broadway Real Estate Group

Investment Insights

Based on property information with market context.

Built in 1890, this three-unit property occupies a maintained corner lot in Riverside and combines historic details with recent updates. The first-floor residence includes two bedrooms and a double parlor. Upstairs, the front apartment has one bedroom and one bath, while the rear apartment is configured with one bedroom and one bath and connects to the third floor, creating potential for a townhouse-style layout with up to four bedrooms and two baths.

Original features include diamond-grid windows, woodwork, exposed beams, brick fireplaces, and hardwood floors. Improvements include owned solar panels, mini-split systems, newer boilers, and a new roof. A porch, connected sewer service, and proximity to Willet Pond and the East Bay Bike Path further define the property.

Key Highlights

  • Three‑unit configuration with a two‑bedroom first‑floor residence
  • Second‑floor rear apartment connects to the third floor for potential townhouse‑style expansion
  • Owned solar panels, mini‑split systems, newer boilers, and a brand new roof

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Daycare Center Locksmith Auto Parts Store Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

2,326
Businesses Nearby

Demographics for 02915, RI

16,603
Population
7,746
Households
2.1
Avg Household Size
47
Median Age
36%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,019
Density / Sq Mi
$90,558
Median Household Income
$61,062
Median Earnings
$1,482
Median Rent
$317,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property with owned solar panels and a flexible apartment configuration.
Where is this triplex located?
The property is located at 49 Arnold Street East Providence, RI.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Three‑unit configuration with a two‑bedroom first‑floor residence; Second‑floor rear apartment connects to the third floor for potential townhouse‑style expansion; Owned solar panels, mini‑split systems, newer boilers, and a brand new roof
More about this property
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