5 Lee Street, Providence, RI 02903
MULTI_FAMILY - Providence, RI
- Added:
- Apr 28, 2026
- Days on Market:
- 61
- Last Refresh:
- Jun 26 at 11:06 pm
Property Features for 5 Lee Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 4, Basement, Bedroom 3, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 2
- Parking
- 3
- Parking features
- Garage
- Interior features
- Wall (Dry Wall), Insulation (Unknown)
- Basement
- Full, Unfinished
- Appliances
- Electric Water Heater, Dryer, Oven/Range, Refrigerator, Washer
- Standard status
- Pending
- Size
- 2,679 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7897
Utilities
- Heating system
- Natural Gas, Baseboard
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Tile - Ceramic
- Building materials
- Dry Wall, Vinyl Siding
Listing agent Nicola Francis (401) 354-7092
Listing office Lenox Realty Group 380 Broadway, East Providence, RI (401) 572-3322
Listing date Apr 28, 2026
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.
HighLights
- Legally conforming three‑family residence at 5 Lee St with a recently obtained certificate of occupancy (CO)
- Three well‑sized 2‑bedroom units; market rents listed as $2,000–$2,400 per month for the area
- Lead conformance reported with lead certificates up to date
- All tenants are long‑term residents on month‑to‑month contracts
- Heating: natural gas baseboard; cooling: window unit(s); electric water heater
- Year built 1920; flooring includes tile and hardwood; vinyl siding with garage parking
Overview
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 | $69.1k | $25.80 |
| − Vacancy | −$4.5k | −$1.68 |
| EGI | $64.6k | $24.12 |
| − OpEx | −$19.4k | −$7.24 |
| NOI | $45.2k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.42917
- Latitude
- 41.822808
