54 Candace Street, Providence, RI 02908
MULTI_FAMILY - Providence, RI
- Added:
- Apr 28, 2026
- Days on Market:
- 50
- Last Refresh:
- Jun 16 at 9:06 pm
Property Features for 54 Candace Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 5, Bathroom 3, Bedroom 4
- Parking
- 6
- Parking features
- Garage
- Interior features
- Wall (Plaster), Plumbing (Mixed), Insulation (Unknown)
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,337 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6563
Utilities
- Heating system
- Baseboard, Natural Gas
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Hardwood, Vinyl, Laminate
- Building materials
- Plaster, Other Siding
Listing agent Riley White (401) 333-4900
Listing office Keller Williams Leading Edge 28 Thurber Boulevard, Lincoln, RI (401) 333-4900
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
- 3‑family home with 2 bedrooms and 1 full bath in each unit (total 6 beds, 3 baths)
- Unit 1 is currently rented for $1,700/month; Units 2 and 3 are vacant
- Garage plus off‑street parking for up to 6 vehicles
- Natural gas heat with baseboard heating
- Year built 1900 with hardwood, vinyl, and laminate flooring
- Includes gas water heater, oven/range, and refrigerator
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 | $60.3k | $25.80 |
| − Vacancy | −$3.9k | −$1.68 |
| EGI | $56.4k | $24.12 |
| − OpEx | −$16.9k | −$7.24 |
| NOI | $39.5k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.423009
- Latitude
- 41.836476
