New-Construction
For Sale
$875,000
549 Douglas Avenue, Providence, RI 02908
Each residence has separate utilities, central air, and gas heat.
Property Size3,600 SF
Price / SF$243.06
Days on Market24
Property Features for 549 Douglas Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
MultiFamily
Site & Location
Neighborhood
Charles
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Amenities
central air
gas heat
separate utilities
full unfinished basement
Building Details
Year Built
2026
Buildings
1
Listing Agency:
RE/MAX Properties
(401) 232-3900
Listed By:
Kenneth Scotti · License #REB.0016785
(401) 354-4971
Source:
Lockandkeyre
Added: Oct 2
Changed: Oct 23
Last Checked: Oct 24 at 6:24PM
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 RE/MAX Properties
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Investment Insights
Based on property information with market context.
This 3,600-square-foot triplex is planned as new construction, with estimated completion in late 2026 or January 2027. Each of its three residences offers approximately 1,200 square feet, three bedrooms, and two full bathrooms. Separate utilities, a dedicated house meter, gas heat, and central air serve the property. The exterior is vinyl, and a full unfinished basement has walkout access.
The property is within walking distance of Providence College at 549 Douglas Avenue in Providence.
The property is within walking distance of Providence College at 549 Douglas Avenue in Providence.
Key Highlights
- Three residences, each with approximately 1,200 square feet, three bedrooms, and two full bathrooms
- 3,600‑square‑foot triplex with estimated completion in late 2026 or January 2027
- Separate utilities, dedicated house meter, gas heat, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,790
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,800
$1.2M
Cap Rate 7%
$868,429
$868.4K
Cap Rate 9%
$675,444
$675.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$92.9K $25.80/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$86.8K $24.12/SF
− OpEx
−$26.1K −$7.24/SF
NOI
$60.8K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,215,800
Cap Rate 7%
$868,429
Cap Rate 9%
$675,444
Alternative Uses
Best Use
Multifamily LT 5
$868.4K
$759.9K – $1.01M
NOI $60,790 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$780.0K
$682.5K – $910.1K
NOI $54,603 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.20M
$1.05M – $1.41M
NOI $84,308 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
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Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has separate utilities, central air, and gas heat.
Where is this triplex located?
The property is located at 549 Douglas Avenue Providence, RI.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three residences, each with approximately 1,200 square feet, three bedrooms, and two full bathrooms; 3,600‑square‑foot triplex with estimated completion in late 2026 or January 2027; Separate utilities, dedicated house meter, gas heat, and central air
