Corner Lot Riverside
49 Arnold Street East Providence, RI 02915
New
49 Arnold Street, East Providence, RI, 02915
$699,900
For Sale
$699,900
MULTI_FAMILY - East Providence, RI
Property Size3,468 SF
Lot Size0.23 Acres
Price / SF$201.82
Days on Market3
Property Features for 49 Arnold Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 1, Bathroom 4, Bedroom 7, Bedroom 6, Basement, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2
- Parking
- 9
- Patio and Porch features
- Porch
- Exterior features
- Porch
- Fireplace
- 1
- Basement
- Full, Storage Space, Unfinished
- Appliances
- Electric Water Heater
- Standard status
- Active
- Size
- 3,468 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8780
Utilities
- Heating system
- Heat Pump (Heating), Solar (Heating), Electric (Heating), Steam
Building Details
- Year built
- 1890
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Tile - Ceramic
- Building materials
- Masonry, Vinyl Siding
Listing agency
Broadway Real Estate Group
(401) 354-7969
Listed by
Marissa Bouchard
(401) 255-5530
Added: Jul 19 Checked: Jul 21 at 7:06AM
MLS# 1418266
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 triplex at 49 Arnold Street offers a distinctive residential income configuration with historic architectural elements including diamond grid windows, exposed beams, woodwork, and brick fireplaces, along with hardwood floors throughout. The first-floor unit includes a double parlor and two bedrooms. The second-floor front unit has one bedroom and one bath, and the second-floor rear unit is currently set up as a one-bedroom, one-bath apartment.
Recent improvements include solar panels (with a solar loan to transfer with the sale), new mini split systems, newer boilers, and a brand new roof, supporting modern energy and comfort efficiency. The property sits on a maintained corner lot near Willet Pond and the East Bay Bike Path, providing convenient outdoor access.
The layout also includes an apartment configuration that presents flexibility for conversion opportunities for the second-floor rear unit, including the possibility to be reconfigured into a townhouse-style setup as described in the remarks.
Recent improvements include solar panels (with a solar loan to transfer with the sale), new mini split systems, newer boilers, and a brand new roof, supporting modern energy and comfort efficiency. The property sits on a maintained corner lot near Willet Pond and the East Bay Bike Path, providing convenient outdoor access.
The layout also includes an apartment configuration that presents flexibility for conversion opportunities for the second-floor rear unit, including the possibility to be reconfigured into a townhouse-style setup as described in the remarks.
Key Highlights
- 1890 masonry and vinyl‑siding Riverside 3‑family on a corner lot
- Solar panels included; electric water heater and heating supported by solar and multiple systems
- Multiple heating options: heat pump, electric, steam, and solar (heating)
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 | $88.2k | $25.44 |
| − Vacancy | −$5.7k | −$1.65 |
| EGI | $82.5k | $23.79 |
| − OpEx | −$24.7k | −$7.14 |
| NOI | $57.7k | $16.65 |
3,468 SF · lease $25.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$824.9K
$721.8K – $962.4K
NOI $57,744 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$654.7K
$572.9K – $763.8K
NOI $45,828 @ 7.0% cap · market cap 6.55%
Theoretical Best
—
—
same as Best Use
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 - Triplex on a corner lot featuring multiple fireplaces, hardwood floors, and modern mechanical updates.
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 $699,900.
What are key features of this property?
This property features: 1890 masonry and vinyl‑siding Riverside 3‑family on a corner lot; Solar panels included; electric water heater and heating supported by solar and multiple systems; Multiple heating options: heat pump, electric, steam, and solar (heating)
