Triplex with Separate
For Sale
$899,999
Pending
68 9th Street, Providence, RI 02906
Residential Income, Providence, RI
Property Size3,564 SF
Lot Size0.11 Acres
Days on Market88
Property Features for 68 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 1, Bedroom 6, Basement, Bedroom 3, Bathroom 3, Bathroom 2
Parking
7
Parking features
None
Patio and Porch features
Patio
Interior features
Wall (Plaster), Attic, Stairs, Plumbing (Copper), Plumbing (PVC), Insulation (Unknown)
Exterior features
Patio
Basement
Full, Unfinished
Appliances
Dishwasher, Dryer, Oven, Range, Refrigerator, Washer, Gas Water Heater
Subdivision
Summit
Lot features
Paved Driveway, Sidewalks
Standard status
Pending
Size
3,564 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7765
Utilities
Heating system
Natural Gas, Baseboard
Amenities
laundry rooms
patio
fenced yard
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Tile - Ceramic, Hardwood
Building materials
Plaster, Vinyl Siding
Listing Agency:
E Z Home Search Real Estate In
(508) 646-4777
Listed By:
Kyle Aguiar
(774) 644-3359
Added: Jul 18
Changed: Oct 10
Last Checked: Oct 13 at 5:06PM
MLS# 1418201
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.
Investment Insights
Based on property information with market context.
This 3,564-square-foot triplex, built in 1910, contains three apartments with matching layouts: two bedrooms, one bathroom, an eat-in kitchen, and double parlors. High ceilings and hardwood floors appear throughout, with full-height ceilings on the third floor. Laundry rooms are located off the kitchens on the first and second floors, with an additional hookup in the basement. The first-floor apartment has its own front entrance. The property is delivered vacant at closing.
Each apartment has separate gas heat, a gas water heater, and an individual electric meter. Tenants pay for heat, hot water, and electricity. Certificates of Lead Conformance cover all three units, inside and out, and transfer with the property; they are valid through August 2028. The parcel measures 0.1148 acres and includes a patio and fenced yard.
The property is in Providence’s Summit/East Side area, within walking distance of Hope Street. Blackstone Boulevard, Brown, RISD, Miriam Hospital, and I-95 are described as minutes away.
Each apartment has separate gas heat, a gas water heater, and an individual electric meter. Tenants pay for heat, hot water, and electricity. Certificates of Lead Conformance cover all three units, inside and out, and transfer with the property; they are valid through August 2028. The parcel measures 0.1148 acres and includes a patio and fenced yard.
The property is in Providence’s Summit/East Side area, within walking distance of Hope Street. Blackstone Boulevard, Brown, RISD, Miriam Hospital, and I-95 are described as minutes away.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 bathroom
- 3,564 square feet; built in 1910
- Separate gas heating systems, gas water heaters, and electric meters for all three units
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Delivered vacant at closing, the three-unit property gives ownership control over leasing from the start.
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: Three apartments, each with 2 bedrooms and 1 bathroom; 3,564 square feet; built in 1910; Separate gas heating systems, gas water heaters, and electric meters for all three units
