Renovated Multifamily
6 Stockwell Street, Providence, RI 02909
MULTI_FAMILY - Providence, RI
Type:Apartment
Property size:
3,248 SFLot size:
0.09 AcresPrice / SF:
$215/SF- Added:
- Mar 12, 2026
- Days on Market:
- 103
- Last Refresh:
- Jun 22 at 10:06 pm
Property Features for 6 Stockwell Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 7, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 2
- Parking
- 4
- Parking features
- Garage
- Interior features
- Wall (Plaster), Plumbing (Mixed), Insulation (Cap), Insulation (Walls)
- Basement
- Full, Finished, Storage Space
- Appliances
- Gas Water Heater, Tankless Water Heater, Dishwasher, Dryer, Exhaust Fan, Oven/Range, Refrigerator, Washer
- Standard status
- Active
- Size
- 3,248 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6971
Utilities
- Heating system
- Natural Gas, Baseboard, Zoned
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Flooring type
- Laminate, Carpet, Tile - Ceramic
- Building materials
- Plaster, Vinyl Siding
Listing agent Bethany Martone (401) 265-0960
Listing office Cathedral Properties 828 Charles Street, Smithfield, RI (401) 265-0960
Listing date Mar 12, 2026
MLS# 1405769
Listing URL
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
- Two‑family home remodeled down to the studs in 2023 with new electrical, insulation, plaster, windows, plumbing, and siding
- Total living space over 3,288 SF with 7 beds and 4 full bathrooms across the two‑family and in‑law setup
- Second‑floor unit is a townhouse layout with two separate family room/living room areas and multiple room options
- Each kitchen includes stainless steel appliances with dishwashers and quartz countertops
- Heating includes natural gas with zoned baseboard systems
- Public water; includes tankless and gas water heaters and a garage for parking
Overview
This renovated multifamily home includes multiple living areas and updated systems throughout. The property was remodeled down to the studs in 2023, with new electrical, insulation, plaster, windows, plumbing, and siding. It provides a total of 7 bedrooms and 4 full bathrooms, with two kitchens featuring stainless steel appliances, dishwashers, and quartz countertops.
Located minutes from the downtown Providence train station, as well as nearby universities and area hospitals, the home supports convenient access for residents, tenants, or extended-stay arrangements. The second-floor unit is configured like a townhouse, and the layout includes two separate family room and living room areas.
The townhouse-style second-floor unit offers flexibility for different household needs, including a setup that can keep upstairs and downstairs living more independently. There is also the potential to add an additional office area on the third floor. With updated finishes, multiple bedrooms and bathrooms, and practical separation of living spaces, this property is well-suited for owner-occupants seeking rental income alongside their own home layout, or investors looking for a well-renovated residential income asset.
Located minutes from the downtown Providence train station, as well as nearby universities and area hospitals, the home supports convenient access for residents, tenants, or extended-stay arrangements. The second-floor unit is configured like a townhouse, and the layout includes two separate family room and living room areas.
The townhouse-style second-floor unit offers flexibility for different household needs, including a setup that can keep upstairs and downstairs living more independently. There is also the potential to add an additional office area on the third floor. With updated finishes, multiple bedrooms and bathrooms, and practical separation of living spaces, this property is well-suited for owner-occupants seeking rental income alongside their own home layout, or investors looking for a well-renovated residential income asset.
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 | $83.8k | $25.80 |
| − Vacancy | −$5.4k | −$1.68 |
| EGI | $78.4k | $24.12 |
| − OpEx | −$23.5k | −$7.24 |
| NOI | $54.8k | $16.89 |
3,248 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$783.5K
$685.6K – $914.1K
NOI $54,846 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$703.8K
$615.8K – $821.1K
NOI $49,264 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$1.09M
$950.8K – $1.27M
NOI $76,064 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.459747
- Latitude
- 41.825637
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Remodeled down to the studs in 2023, offering flexible townhouse-style living and updated finishes throughout.
Where is this triplex located?
The property is located at 6 Stockwell Street Providence, RI.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑family home remodeled down to the studs in 2023 with new electrical, insulation, plaster, windows, plumbing, and siding; Total living space over 3,288 SF with 7 beds and 4 full bathrooms across the two‑family and in‑law setup; Second‑floor unit is a townhouse layout with two separate family room/living room areas and multiple room options
