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Fully Leased Three-Unit Triplex
New
For Sale
$550,000

61 Douglas Avenue, Providence, RI 02908

Residential Income, Providence, RI

Property Size3,552 SF
Lot Size0.07 Acres
Price / SF$154.84
Days on Market1

Property Features for 61 Douglas Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Basement, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
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

Amenities

basement
washer/dryer

Building Details

Year built 1930
Number of units 3
Flooring type Hardwood, Laminate
Building materials Vinyl Siding
Listing Agency: Century 21 Limitless · Century 21 Real Estate
Listed By: Kyle Seyboth · License #32535
Added: Aug 31 Last Checked: Aug 31 at 6:06PM
MLS# 1421978

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.

Built in 1930, this three-unit residential property contains 3,552 square feet on a 0.07-acre lot. Each apartment functions separately, and all three units are currently rented. Interior features include spacious layouts, hardwood and laminate flooring, and natural gas steam heat. The property is clad in vinyl siding and includes a gas water heater.

A full unfinished basement provides storage space and includes a washer and dryer. The property is located on Douglas Avenue in Providence, with access to Downtown Providence, Providence College, Rhode Island College, Route 146, I-95, I-295, shopping, restaurants, and public transportation. The property has no designated parking features.

Key Highlights

  • Three‑unit property with all apartments currently rented
  • 3,552 square feet on a 0.07‑acre lot
  • Full unfinished basement with washer and dryer

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Catering Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,557
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three occupied residential units with a full unfinished basement, in-unit separation, and convenient access to area institutions and transportation.
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 $550,000.
What are key features of this property?
This property features: Three‑unit property with all apartments currently rented; 3,552 square feet on a 0.07‑acre lot; Full unfinished basement with washer and dryer
More about this property
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