Three-Family Residential Income
54 Barton Street Providence, RI 02909
New
54 Barton Street, Providence, RI, 02909
$795,000
For Sale
$795,000
Well-maintained three-story legal three-family with separate heating systems, replacement windows, and off-street parking.
Property Size2,686 SF
Price / SF$295.98
Days on Market6
Property Features for 54 Barton Street
General Information
- Standard status
- Active
- Size
- 2,686 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing agency
William Raveis Inspire
(401) 751-8100
Listed by
Spencer Kelleher
Source
Lockandkeyre
Added: Jul 17 Updated: Jul 21 at 3:09AM Checked: Jul 22 at 5:20AM
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 William Raveis Inspire
Investment Insights
Based on property information with market context.
54 Barton Street is a well-maintained legal three-family property built as a three-story residence featuring two 3-bedroom/1-bath units and one 2-bedroom/1-bath unit. Each unit has separate heating and mechanical systems, along with replacement windows and efficient layouts. Washer and dryer are available in the basement, and the building provides off-street parking for all three units.
The property is located in the Federal Hill/West End area of Providence on a quiet street, with easy access to US-6. Residents are within walking distance of dining, shopping, and entertainment along Broadway and Westminster St.
Per the listing, 54 Barton Street must be sold together with the adjoining three-family property at 56 Barton Street.
The property is located in the Federal Hill/West End area of Providence on a quiet street, with easy access to US-6. Residents are within walking distance of dining, shopping, and entertainment along Broadway and Westminster St.
Per the listing, 54 Barton Street must be sold together with the adjoining three-family property at 56 Barton Street.
Key Highlights
- Legal three‑family building built in 1930 with three distinct units (two 3 bed/1 bath and one 2 bed/1 bath).
- Separate heating and mechanicals for each unit.
- Replacement windows and efficient layouts in all units.
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 | $69.3k | $25.80 |
| − Vacancy | −$4.5k | −$1.68 |
| EGI | $64.8k | $24.12 |
| − OpEx | −$19.4k | −$7.24 |
| NOI | $45.4k | $16.89 |
2,686 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$647.9K
$567.0K – $755.9K
NOI $45,356 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$582.0K
$509.3K – $679.0K
NOI $40,740 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$898.6K
$786.3K – $1.05M
NOI $62,903 @ 7.0% cap · market cap 7.91%
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 - Well-maintained three-story legal three-family with separate heating systems, replacement windows, and off-street parking.
Where is this triplex located?
The property is located at 54 Barton Street Providence, RI.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Legal three‑family building built in 1930 with three distinct units (two 3 bed/1 bath and one 2 bed/1 bath).; Separate heating and mechanicals for each unit.; Replacement windows and efficient layouts in all units.
