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Providence Multifamily Investment Opportunity

52 Harold Street Providence, RI 02908

52 Harold Street, Providence, RI, 02908
$629,000
For Sale
Under Contract
Claim this Listing
$629,000

MULTI_FAMILY - Providence, RI

Property Size3,234 SF
Lot Size0.08 Acres
Price / SF$194.50
AddedApr 29
Days on Market78
Last RefreshJul 15 at 9:06 am

Property Features for 52 Harold Street

General Information

Property type
Residential Multi Family
Property subtype
Apartment
Zoning
R-3
Bedrooms
7
Bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 5, Basement, Bedroom 3, Bathroom 3
Parking
7
Parking features
Garage
Patio and Porch features
Porch
Interior features
Wall (Dry Wall), Plumbing (Mixed), Insulation (Walls)
Exterior features
Porch
Basement
Full, Partially Finished
Appliances
Gas Water Heater, Oven/Range, Refrigerator
Standard status
Active Under Contract
Size
3,234 SF
Lot size
0.08 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
3390

Utilities

Heating system
Electric (Heating), Baseboard, Natural Gas
Water source
Public

Building Details

Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Laminate, Tile - Ceramic
Building materials
Dry Wall, Vinyl Siding

Listing agent Isabel Garcia License #134989

Listing office Keller Williams Coastal 501 Centerville Rd- Suite 201, Middletown, RI

Listing date Apr 29, 2026

MLS# 1411341 Listing URL

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 three-unit multifamily property presents an opportunity for investors or owner-occupants seeking rental income. The first-floor unit includes 2 bedrooms and 2 full bathrooms, along with an additional room and bathroom. The second and third floors each feature 2 bedrooms and 1 full bathroom. The property provides extra space in the basement. Situated in Providence, Rhode Island, the property is conveniently located near shopping, restaurants, schools, public transportation, a hospital, and major highways. The lot size is 0.0831 acres. The property size is 3234 square feet. The zoning is R-3.

Key Highlights

  • Strong income potential from 3 units.
  • First‑floor unit boasts 2 bedrooms, 2 full bathrooms, and an extra room with a bathroom.
  • Convenient location near shopping, restaurants, schools, public transportation, hospital, and major highways.

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 $83.4k $25.80
− Vacancy −$5.4k −$1.68
EGI $78.0k $24.12
− OpEx −$23.4k −$7.24
NOI $54.6k $16.89
3,234 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$780.1K
$682.6K – $910.2K (±1% cap)
NOI $54,610 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$700.7K
$613.2K – $817.5K (±1% cap)
NOI $49,052 @ 7.0% cap · market cap 7.80%
Theoretical Best
Office A
$1.08M
$946.7K – $1.26M (±1% cap)
NOI $75,736 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Dental Office HVAC Service Electrical Service Locksmith Pet Grooming Service Pet Store & Service Pet Store Veterinary Clinic Nursing Home Parking Lot & Garage

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-unit property with income potential near amenities and transportation.
Where is this triplex located?
The property is located at 52 Harold Street Providence, RI.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Strong income potential from 3 units.; First‑floor unit boasts 2 bedrooms, 2 full bathrooms, and an extra room with a bathroom.; Convenient location near shopping, restaurants, schools, public transportation, hospital, and major highways.
Contact an agent
More about this property
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