Renovated Three-Family with Buildable
65 Veazie Street, Providence, RI 02908
MULTI_FAMILY - Providence, RI
Type:Apartment
Property size:
3,447 SFLot size:
0.15 Acres- Added:
- Feb 19, 2026
- Days on Market:
- 87
- Last Refresh:
- May 17 at 8:06 am
Property Features for 65 Veazie Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bedrooms
- 8
- Bathrooms
- 3
- Rooms
- Bedroom 5, Basement, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 8
- Parking
- 6
- Parking features
- Garage
- Basement
- Full, Finished
- Appliances
- Gas Water Heater
- Standard status
- Pending
- Size
- 3,447 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6399
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1930
- Number of units
- 3
- Flooring type
- Laminate
- Building materials
- Vinyl Siding
Listing agent Kyle Seyboth License #REB.0794296 (508) 726-3492
Listing office Century 21 Limitless 969 Waterman Avenue, Suite 1, East Providence, RI (508) 567-3468
Listing date Feb 19, 2026
MLS# 1405237
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
- Extensively renovated three‑family residence with modern upgrades.
- Potential buildable lot located directly behind the property.
- Two spacious 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit with modern finishes.
- All new mechanicals, electrical systems, and plumbing.
- Ample off‑street parking.
- Ideally located minutes from major highways, shopping, and dining.
Overview
This extensively renovated three-family residence in Providence presents an investment opportunity with a potentially buildable lot located directly behind the property. The main building features two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Each unit offers open layouts, abundant natural light, and modern finishes, including updated flooring, contemporary fixtures, and stainless steel appliances. The property has undergone comprehensive renovations, including new mechanicals, electrical systems, and plumbing. Amenities include a convenient on-site laundry area and ample off-street parking for all residents. Situated on a 0.15-acre lot, the 3,447 square-foot property is located minutes from major highways, shopping, dining, and local amenities. The rear lot has potential for future development, expansion, or long-term value enhancement. This property is an opportunity for investors and owner-occupants alike.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$646.7K
NOI $58,206 @ 9.00% cap · cautious / downside scenario
Moderate
$831.5K
NOI $58,206 @ 7.00% cap · market / base-case scenario
Aggressive
$1.16M
NOI $58,206 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.9k | $25.80 |
| − Vacancy | −$5.8k | −$1.68 |
| EGI | $83.2k | $24.12 |
| − OpEx | −$24.9k | −$7.24 |
| NOI | $58.2k | $16.89 |
3,447 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$831.5K
$727.6K – $970.1K
NOI $58,206 @ 7.0% cap · market cap 8.62%
Second Best
Apartment 5plus
$746.9K
$653.5K – $871.4K
NOI $52,282 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,725 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.431385
- Latitude
- 41.847527
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Extensively renovated three-family with buildable lot potential in Providence.
Where is this triplex located?
The property is located at 65 Veazie Street Providence, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Extensively renovated three‑family residence with modern upgrades.; Potential buildable lot located directly behind the property.; Two spacious 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit with modern finishes.
