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Three-Unit Multifamily Property

597 Union Avenue, Providence, RI 02909

For Sale
$449,900

Estate-sale property with three matching residential units, offered as-is and requiring full rehabilitation.

Property Size3,197 SF
Price / SF$140.73
Days on Market10

Property Features for 597 Union Avenue

General Information

Standard status Active
Size 3,197 SF
Property subtype MultiFamily

Property Condition

Severity Major Repairs Needed
Evidence requires a complete rehabilitation

Site & Location

Neighborhood Silver Lake

Units

Unit Mix 3 x 3BR/1BA
Multifamily Units 3

Building Details

Year Built 1922
Listing Agency: Long Realty, Inc.
Listed By: Mike Pereira · License #REB.0019149
Source: Lockandkeyre
Added: Oct 29 Changed: Nov 7 Last Checked: Nov 7 at 1:33PM

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 Long Realty, Inc.

Rey
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Investment Insights

Based on property information with market context.

This 3,197-square-foot triplex contains three apartments, each configured with three bedrooms and one full bathroom, for a total of nine bedrooms and three bathrooms. Built in 1922, the property is being sold in as-is condition and requires complete rehabilitation.

The building is at 597 Union Avenue in Providence’s Silver Lake neighborhood.

Key Highlights

  • Three apartments, each with 3 bedrooms and 1 full bathroom
  • 3,197 square feet across the property
  • Built in 1922

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

723
Businesses Nearby

Demographics for 02909, RI

46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Triplexes in Providence, RI

$212 Jul
$215 Aug
$208 Sep
$205 Oct

Properties on Market for Triplexes in Providence

Jul
Aug
Sep
Oct

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 - Estate-sale property with three matching residential units, offered as-is and requiring full rehabilitation.
Where is this triplex located?
The property is located at 597 Union Avenue Providence, RI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms and 1 full bathroom; 3,197 square feet across the property; Built in 1922
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