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Three-Unit Residential Triplex
New
For Sale
$675,000

53 Alger Avenue, Providence, RI 02907

Residential Income, Providence, RI

Property Size4,167 SF
Lot Size0.14 Acres
Price / SF$161.99
Days on Market6

Property Features for 53 Alger Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bedroom 5, Bedroom 7, Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 2
Parking 4
Parking features None
Basement Unfinished, Full
Appliances Electric Water Heater
Standard status Active
Size 4,167 SF
Lot size 0.14 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7199

Utilities

Heating system Oil, Baseboard

Building Details

Year built 1930
Number of units 3
Flooring type Laminate
Building materials Vinyl Siding
Listing Agency: Century 21 Limitless · Century 21 Real Estate
Listed By: Kyle Seyboth
Added: Oct 20 Changed: Oct 22 Last Checked: Oct 25 at 6:06AM
MLS# 1426518

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.

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Investment Insights

Based on property information with market context.

This three-unit residential property in Providence contains 4,167 square feet across a 0.14-acre lot. The building dates to 1930 and has vinyl siding, laminate flooring, oil-fired baseboard heat, and an electric water heater. The room list identifies eight bedrooms and three bathrooms across the property. The units are occupied, with tenants already in place.

The property is in South Providence, with access to I-95, Route 10, and I-195. Rhode Island Hospital, Hasbro Children's Hospital, Brown University, Johnson & Wales University, and Rhode Island School of Design are among the nearby institutions identified in the listing information. Downtown Providence, Federal Hill, Roger Williams Park, and RIPTA transit are also cited in the surrounding area.

Key Highlights

  • Three residential units; fully occupied with tenants in place
  • 4,167 square feet of building area on a 0.14‑acre lot
  • Room list identifies 8 bedrooms and 3 bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

3
Residential units
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

731
Businesses Nearby

Demographics for 02907, RI

29,827
Population
11,474
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
74%
High-School Grad
2.2 sq mi
ZIP Area
13,558
Density / Sq Mi
$49,564
Median Household Income
$32,619
Median Earnings
$1,136
Median Rent
$311,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Fully occupied multifamily property with tenants in place and access to major Providence routes.
Where is this triplex located?
The property is located at 53 Alger Avenue Providence, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three residential units; fully occupied with tenants in place; 4,167 square feet of building area on a 0.14‑acre lot; Room list identifies 8 bedrooms and 3 bathrooms
More about this property
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