Renovated 3-Unit
For Sale
$850,000
66 Sutton Street, Providence, RI 02903
Renovated multifamily property with two-bedroom units, off-street parking, a detached garage, and coin-operated laundry.
Property Size4,820 SF
Price / SF$176.35
Days on Market49
Property Features for 66 Sutton Street
General Information
Standard status
Active
Size
4,820 SF
Property subtype
MultiFamily
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Amenities
hardwood floors
granite countertops
stainless steel appliances
off street parking
detached oversized garage
coin-op laundry
Building Details
Year Built
1920
Listing Agency:
Coldwell Banker Realty
(401) 333-0010
Listed By:
Denise Mancini · License #REB.0013395
(401) 447-8785
Source:
Lockandkeyre
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 5 at 7:37PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Renovated in its current configuration as a three-family home, the property includes three two-bedroom units with hardwood flooring, granite countertops, and stainless steel appliances. Each residence has separate utilities, including 100 amp electrical service, gas forced hot water heating, and an individual hot water tank.
The property includes off-street parking, a detached oversized garage with additional storage, and a full basement with coin-operated laundry. Built in 1920, it is located on Sutton Street in Providence’s Federal Hill neighborhood.
The property includes off-street parking, a detached oversized garage with additional storage, and a full basement with coin-operated laundry. Built in 1920, it is located on Sutton Street in Providence’s Federal Hill neighborhood.
Key Highlights
- Three two‑bedroom residential units in a renovated multifamily property
- Hardwood floors, granite countertops, and stainless steel appliances
- Separate utilities with 100 amp electrical service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,107
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,462,140
$1.5M
Cap Rate 7%
$1,044,386
$1.0M
Cap Rate 9%
$812,300
$812.3K
Market Conditions
NOI Build-Up for 4,820 SF
Gross rent
$141.7K $29.40/SF
− Vacancy
−$8.8K −$1.82/SF
EGI
$132.9K $27.58/SF
− OpEx
−$59.8K −$12.41/SF
NOI
$73.1K $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%
$1,462,140
Cap Rate 7%
$1,044,386
Cap Rate 9%
$812,300
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.36M
NOI $81,391 @ 7.0% cap · market cap 9.58%
Second Best
Apartment 5plus
$1.04M
$913.8K – $1.22M
NOI $73,107 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,879 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Renovated multifamily property with two-bedroom units, off-street parking, a detached garage, and coin-operated laundry.
Where is this triplex located?
The property is located at 66 Sutton Street Providence, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three two‑bedroom residential units in a renovated multifamily property; Hardwood floors, granite countertops, and stainless steel appliances; Separate utilities with 100 amp electrical service for each unit
