Updated Triplex with Rear
New
For Sale
$675,000
660 Douglas Avenue, Providence, RI 02908
Residential Income, Providence, RI
Property Size3,447 SF
Lot Size0.15 Acres
Price / SF$195.82
Days on Market2
Property Features for 660 Douglas Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 3, Bedroom 3, Basement
Parking
6
Parking features
None
Basement
Full, Finished
Appliances
Gas Water Heater
Standard status
Active
Size
3,447 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7585
Utilities
Heating system
Forced Air, Natural Gas
Amenities
laundry area
off-street parking
Building Details
Year built
1930
Number of units
3
Flooring type
Laminate
Building materials
Vinyl Siding
Listing Agency:
Century 21 Limitless · Century 21 Real Estate
(508) 567-3468
Listed By:
Kyle Seyboth · License #REB.0019335
(508) 726-3492
Added: Oct 15
Last Checked: Oct 16 at 4:06PM
MLS# 1426154
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.
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Investment Insights
Based on property information with market context.
This 3,447-square-foot triplex, built in 1930, contains three apartments: two with three bedrooms and one with two bedrooms, each with one bathroom. The property occupies 0.15 acres and includes a laundry area. Renovations covered the mechanical, electrical, and plumbing systems, along with flooring and fixtures. The building has vinyl siding, laminate flooring, forced-air natural gas heating, and a gas water heater.
A rear lot behind the residence is included; development would require approvals, which are not currently in place. The property is at 660 Douglas Avenue in Providence, near major highways, shopping, dining, and local amenities.
A rear lot behind the residence is included; development would require approvals, which are not currently in place. The property is at 660 Douglas Avenue in Providence, near major highways, shopping, dining, and local amenities.
Key Highlights
- Three apartments: two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- 3,447 square feet on a 0.15‑acre parcel
- Rear lot is included; approvals for potential development are not currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,206
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,120
$1.2M
Cap Rate 7%
$831,514
$831.5K
Cap Rate 9%
$646,733
$646.7K
Market Conditions
NOI Build-Up for 3,447 SF
Gross rent
$88.9K $25.80/SF
− Vacancy
−$5.8K −$1.68/SF
EGI
$83.2K $24.12/SF
− OpEx
−$24.9K −$7.24/SF
NOI
$58.2K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,120
Cap Rate 7%
$831,514
Cap Rate 9%
$646,733
Alternative Uses
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 authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer a two-bedroom layout and two three-bedroom layouts, with shared on-site laundry.
Where is this triplex located?
The property is located at 660 Douglas Avenue 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: Three apartments: two 3‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; 3,447 square feet on a 0.15‑acre parcel; Rear lot is included; approvals for potential development are not currently in place
