For Sale
$650,000
69 Phebe Street, Providence, RI 02904
Multifamily properties
Property Size1,352 SF
Price / SF$480.77
Days on Market35
Property Features for 69 Phebe Street
General Information
Standard status
Active
Size
1,352 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Wanskuck
Taxes and HOA fees
Annual Taxes
$5,919
Building Details
Building Size
1,352 SF
Year Built
1900
Listing Agency:
Keller Williams Realty
Listed By:
Jody Martins · License #RES.0040617
(401) 318-7755
Source:
Pooleproperties
Added: Sep 25
Changed: Oct 26
Last Checked: Oct 26 at 3:01PM
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 Keller Williams Realty
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,506
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,120
$410.1K
Cap Rate 7%
$292,943
$292.9K
Cap Rate 9%
$227,844
$227.8K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$39.7K $29.40/SF
− Vacancy
−$2.5K −$1.82/SF
EGI
$37.3K $27.58/SF
− OpEx
−$16.8K −$12.41/SF
NOI
$20.5K $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%
$410,120
Cap Rate 7%
$292,943
Cap Rate 9%
$227,844
Alternative Uses
Best Use
Apartment 5plus
$292.9K
$256.3K – $341.8K
NOI $20,506 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.3K
$395.8K – $527.7K
NOI $31,662 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
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
Frequently Asked Questions
Where is this multifamily property located?
The property is located at 69 Phebe Street Providence, RI.
What is the asking price?
The asking price for this property is $650,000.
