Three-Unit Residential Income
49 Arnold Street East Providence, RI 02915
New
49 Arnold Street, East Providence, RI, 02915
$699,900
For Sale
$699,900
Corner-lot triplex with hardwood floors, brick fireplaces, and recent upgrades including solar panels and new roof.
Property Size3,468 SF
Price / SF$201.82
Days on Market4
Property Features for 49 Arnold Street
General Information
- Standard status
- Active
- Size
- 3,468 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1890
Listing agency
Broadway Real Estate Group
(401) 354-7969
Listed by
Marissa Bouchard
Source
Lockandkeyre
Added: Jul 19 Updated: Jul 21 at 6:12PM Checked: Jul 21 at 6:12PM
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.
This one-of-a-kind Riverside three-family offering blends distinctive architectural details with modern updates. The home features diamond grid windows, exquisite woodwork, exposed beams, brick fireplaces, and hardwood floors throughout. The spacious first-floor unit includes a double parlor and two bedrooms. The second-floor front unit offers one bedroom and one bath, while the second-floor rear unit is currently configured as a one-bedroom, one-bath apartment with a layout described as a unique opportunity to convert into a townhouse-style unit with up to four bedrooms and two baths.
Set on a maintained corner lot, the property is described as being just steps from Willet Pond and the East Bay Bike Path. Recent improvements include solar panels resulting in minimal to zero electric bills, new mini split systems, newer boilers, and a brand new roof.
A solar loan is noted to transfer with the sale.
Set on a maintained corner lot, the property is described as being just steps from Willet Pond and the East Bay Bike Path. Recent improvements include solar panels resulting in minimal to zero electric bills, new mini split systems, newer boilers, and a brand new roof.
A solar loan is noted to transfer with the sale.
Key Highlights
- 1890‑built Riverside corner‑lot three‑family (triplex) with hardwood floors, diamond grid windows, exposed beams, and woodwork
- First‑floor unit has a double parlor and 2 bedrooms, with brick fireplace and period architectural details
- Second‑floor front unit offers 1 bedroom and 1 bath; second‑floor rear unit is currently 1 bed/1 bath with conversion potential
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
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Corner-lot triplex with hardwood floors, brick fireplaces, and recent upgrades including solar panels and new roof.
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‑built Riverside corner‑lot three‑family (triplex) with hardwood floors, diamond grid windows, exposed beams, and woodwork; First‑floor unit has a double parlor and 2 bedrooms, with brick fireplace and period architectural details; Second‑floor front unit offers 1 bedroom and 1 bath; second‑floor rear unit is currently 1 bed/1 bath with conversion potential
