Triplex with Off-Street
For Sale
$899,999
68 9th St, Providence, RI 02906
Three two-bedroom residences feature eat-in kitchens, double parlors, high ceilings, and private laundry provisions in select units.
Property Size3,564 SF
Price / SF$252.52
Days on Market57
Property Features for 68 9th St
General Information
Standard status
Active
Size
3,564 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
eat-in kitchens
double parlors
high ceilings
front entrance hallways
private entrance
laundry rooms
yard
Building Details
Year Built
1910
Listing Agency:
E Z Home Search Real Estate In
Listed By:
Kyle Aguiar · License #43571
Source:
Alpernandmesenbourg
Added: Aug 10
Changed: Oct 2
Last Checked: Oct 4 at 2:29PM
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.
Built in 1910, this Providence triplex contains three two-bedroom, one-bath residences. Each unit offers an eat-in kitchen, double parlors, and high ceilings. The first- and second-floor apartments include laundry rooms near the kitchens, while the basement provides additional laundry hookup capacity. The first-floor residence also has a separate private entrance.
Exterior improvements include a driveway installed in 2022, along with off-street parking serving all three units. The property also includes a yard that can accommodate outdoor use or additional parking. Its address at 68 9TH Street places the building minutes from Blackstone Blvd and Route 95.
Exterior improvements include a driveway installed in 2022, along with off-street parking serving all three units. The property also includes a yard that can accommodate outdoor use or additional parking. Its address at 68 9TH Street places the building minutes from Blackstone Blvd and Route 95.
Key Highlights
- Three 2‑bedroom, 1‑bath units, each with an eat‑in kitchen and double parlors
- Built in 1910 with high ceilings throughout the residences
- First- and second‑floor units include laundry rooms off the kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,182
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,640
$1.2M
Cap Rate 7%
$859,743
$859.7K
Cap Rate 9%
$668,689
$668.7K
Market Conditions
NOI Build-Up for 3,564 SF
Gross rent
$92.0K $25.80/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$86.0K $24.12/SF
− OpEx
−$25.8K −$7.24/SF
NOI
$60.2K $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%
$1,203,640
Cap Rate 7%
$859,743
Cap Rate 9%
$668,689
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 authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom residences feature eat-in kitchens, double parlors, high ceilings, and private laundry provisions in select units.
Where is this triplex located?
The property is located at 68 9th St 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: Three 2‑bedroom, 1‑bath units, each with an eat‑in kitchen and double parlors; Built in 1910 with high ceilings throughout the residences; First- and second‑floor units include laundry rooms off the kitchens
