Multifamily
For Sale
$599,900
61 Joslin Street, Providence, RI 02909
Built in 2021, the property offers practical living areas in an established residential setting.
Property Size2,112 SF
Price / SF$284.04
Days on Market62
Property Features for 61 Joslin Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
MultiFamily
Building Details
Year Built
2021
Listing Agency:
Century 21 Envoy
(401) 681-8738
Listed By:
Axel Correia · License #RES.0046156
(401) 327-2003
Source:
Lockandkeyre
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 12 at 7:33PM
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 Century 21 Envoy
Investment Insights
Based on property information with market context.
Located at 61 Joslin Street in Providence, this multifamily property was built in 2021 and includes generously sized living areas along with functional spaces throughout. The layout offers room for personalization and may suit homeowners or investors seeking a residential income property.
The property is situated in an established residential neighborhood near local shops, restaurants, schools, parks, and major roadways. Its Providence location provides access to nearby city amenities while maintaining a residential setting.
The property is situated in an established residential neighborhood near local shops, restaurants, schools, parks, and major roadways. Its Providence location provides access to nearby city amenities while maintaining a residential setting.
Key Highlights
- Built in 2021
- 2,112 property size
- Located at 61 Joslin Street, Providence, RI 02909
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,034
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,680
$640.7K
Cap Rate 7%
$457,629
$457.6K
Cap Rate 9%
$355,933
$355.9K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$62.1K $29.40/SF
− Vacancy
−$3.8K −$1.82/SF
EGI
$58.2K $27.58/SF
− OpEx
−$26.2K −$12.41/SF
NOI
$32.0K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,680
Cap Rate 7%
$457,629
Cap Rate 9%
$355,933
Alternative Uses
Best Use
Apartment 5plus
$457.6K
$400.4K – $533.9K
NOI $32,034 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$706.6K
$618.3K – $824.4K
NOI $49,461 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2021, the property offers practical living areas in an established residential setting.
Where is this multifamily property located?
The property is located at 61 Joslin Street 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: Built in 2021; 2,112 property size; Located at 61 Joslin Street, Providence, RI 02909
