Three-Unit Multifamily
61 Douglas Avenue Providence, RI 02908
New
For Sale
$599,900
MULTI_FAMILY - Providence, RI
Property Size3,552 SF
Lot Size0.07 Acres
Price / SF$168.89
Days on Market1
Property Features for 61 Douglas Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 2, Basement, Bathroom 3, Bathroom 1
- Parking
- 2
- Parking features
- None
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 3,552 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3553
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Laminate, Hardwood
- Building materials
- Vinyl Siding
Listing Agency:
Century 21 Limitless
(508) 567-3468
Listed By:
Kyle Seyboth · License #32535
(508) 726-3492
Added: Jul 26
Last Checked: Jul 26 at 11:06PM
MLS# 1418912
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.
Investment Insights
Based on property information with market context.
Well-maintained three-family home in Providence offering three residential units with spacious layouts and abundant windows for natural light. The property includes a full unfinished basement with a washer and dryer, providing additional everyday convenience and storage.
Located along Douglas Avenue, the home is positioned for access to local restaurants, grocery stores, retail shops, and neighborhood businesses. It is also described as minutes to Downtown Providence, with proximity to Providence College, Rhode Island College, and Providence Place Mall.
Access routes include Route 6, Route 146, Interstate 95, and Interstate 295. The listing also notes closeness to Rhode Island Hospital, Wanskuck Park, public transportation, and schools, with approximately 15–20 minutes to T.F. Green Airport.
Located along Douglas Avenue, the home is positioned for access to local restaurants, grocery stores, retail shops, and neighborhood businesses. It is also described as minutes to Downtown Providence, with proximity to Providence College, Rhode Island College, and Providence Place Mall.
Access routes include Route 6, Route 146, Interstate 95, and Interstate 295. The listing also notes closeness to Rhode Island Hospital, Wanskuck Park, public transportation, and schools, with approximately 15–20 minutes to T.F. Green Airport.
Key Highlights
- Well‑maintained 3‑family home with three residential units
- Full unfinished basement with washer and dryer hookups and extra storage
- Heating: natural gas steam; gas water heater
Financial Insights For Apartment 5plus
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 | $104.4k | $29.40 |
| − Vacancy | −$6.5k | −$1.82 |
| EGI | $98.0k | $27.58 |
| − OpEx | −$44.1k | −$12.41 |
| NOI | $53.9k | $15.17 |
3,552 SF · lease $29.40/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$856.8K
$749.7K – $999.7K
NOI $59,979 @ 7.0% cap · market cap 10.00%
Second Best
Apartment 5plus
$769.6K
$673.4K – $897.9K
NOI $53,875 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,184 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained three-family property with three residential units and an unfinished full basement with washer and dryer.
Where is this triplex located?
The property is located at 61 Douglas Avenue Providence, RI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Well‑maintained 3‑family home with three residential units; Full unfinished basement with washer and dryer hookups and extra storage; Heating: natural gas steam; gas water heater
