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Three-Unit Residential Income Property
For Sale
$699,000

62 Mary Avenue, East Providence, RI 02914

Three-family property with two 2-bedroom units and a studio unit, plus off-street parking and recent system updates.

Property SizeContact for details
Days on Market29

Property Features for 62 Mary Avenue

General Information

Standard status Active
Property subtype Multi Family Home

Additional Details

Highway Access Yes
Multifamily Units 3

Building Details

Year Built 1900
Stories 3
Tenancy Multi
Listing Agency: J. Christopher Real Estate Grp
Listed By: Isabel Garcia · License #134989
Source: Liongatere
Added: Jul 10 Changed: Jul 22 Last Checked: Jul 24 at 5:44PM

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 J. Christopher Real Estate Grp

Investment Insights

Based on property information with market context.

Well-maintained three-family property offering two 2-bedroom units on the first and second floors and a studio apartment on the third floor. The home includes several recent improvements, including a roof approximately 10 years old, two newer water heaters, and a tankless hot water heating system serving the third-floor unit.

The property sits on a generously sized lot with a large backyard. Ample off-street parking is also provided for residents and guests.

As an income-producing residential building, the layout supports three separate living units with natural light throughout the apartments.

Key Highlights

  • Three‑family home with two 2‑bedroom units (1st and 2nd floors) and a studio unit (3rd floor)
  • Roof is approximately 10 years old
  • Updated hot water systems: 2 newer water heaters, plus a tankless water heating system serving the 3rd‑floor unit

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Locksmith Home Appliance Store Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

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
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,258
Businesses Nearby

Demographics for 02914, RI

22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
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-family property with two 2-bedroom units and a studio unit, plus off-street parking and recent system updates.
Where is this triplex located?
The property is located at 62 Mary Avenue East Providence, RI.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑family home with two 2‑bedroom units (1st and 2nd floors) and a studio unit (3rd floor); Roof is approximately 10 years old; Updated hot water systems: 2 newer water heaters, plus a tankless water heating system serving the 3rd‑floor unit
More about this property
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