Three-Family Residential Income
68 9th Street Providence, RI 02906
New
68 9th Street, Providence, RI, 02906
$899,999
For Sale
$899,999
Three separate units each feature multiple living spaces, eat-in kitchens, and in-unit laundry rooms.
Property Size3,564 SF
Price / SF$252.52
Days on Market3
Property Features for 68 9th Street
General Information
- Standard status
- Active
- Size
- 3,564 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
E Z Home Search Real Estate In
Listed by
Kyle Aguiar · License #43571
Source
Onshorerealtors
Added: Jul 20 Updated: Jul 22 at 12:19AM Checked: Jul 22 at 2:46AM
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 E Z Home Search Real Estate In
Investment Insights
Based on property information with market context.
This three-family residence offers three levels of separate living units, each with a 2-bedroom, 1-bath layout. Units include large eat-in kitchens, double parlors, and high ceilings, along with laundry rooms located off the kitchen. The entry hallways are wide and open on each level, and the first-floor unit includes its own private front entrance. The exterior has seen updates, including a new driveway installed in 2022.
The property includes off-street parking for all units and a yard that can support outdoor use and parking options. It is positioned minutes from Blackstone Boulevard and Route 95, providing convenient access for commuting.
As an owner-occupied home since 2017, the property has been maintained and presents consistently throughout the units and exterior.
The property includes off-street parking for all units and a yard that can support outdoor use and parking options. It is positioned minutes from Blackstone Boulevard and Route 95, providing convenient access for commuting.
As an owner-occupied home since 2017, the property has been maintained and presents consistently throughout the units and exterior.
Key Highlights
- Built in 1910, this 3‑family property has been owner occupied since 2017
- Two‑bedroom, 1‑bath layout on each level, each with large eat‑in kitchens
- Each unit includes its own laundry room off the kitchen
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.0k | $25.80 |
| − Vacancy | −$6.0k | −$1.68 |
| EGI | $86.0k | $24.12 |
| − OpEx | −$25.8k | −$7.24 |
| NOI | $60.2k | $16.89 |
3,564 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.7K
$752.3K – $1.00M
NOI $60,182 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$772.2K
$675.7K – $901.0K
NOI $54,057 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,465 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three separate units each feature multiple living spaces, eat-in kitchens, and in-unit laundry rooms.
Where is this triplex located?
The property is located at 68 9th Street Providence, RI.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Built in 1910, this 3‑family property has been owner occupied since 2017; Two‑bedroom, 1‑bath layout on each level, each with large eat‑in kitchens; Each unit includes its own laundry room off the kitchen
