Three-Unit Triplex with
7 Barrett Avenue, North Providence, RI 02904
For Sale
$800,000
Pending
Residential Income, North Providence, RI
Property Size5,432 SF
Lot Size0.23 Acres
Days on Market50
Property Features for 7 Barrett Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Window features
Patio and Porch features
Interior features
Exterior features
Basement
Appliances
Subdivision
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Amenities
private yard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Re/Max Executive Realty · RE/MAX International
(508) 520-9696
Listed By:
Kellie Dow · License RI #49236
(617) 922-1552
Added: Sep 26
Changed: Oct 27
Last Checked: Nov 14 at 12:06AM
MLS# 1424231
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This legal three-family property has two upper-level apartments of approximately 1,500 square feet each, with three bedrooms, double parlors, a sitting room, a kitchen and a full bath. The third-floor apartment is approximately 850 square feet and includes two bedrooms, a living room, a kitchen and a full bath. Hardwood floors and granite countertops are present in all three units. A finished walk-out basement provides storage space, and the property also includes a detached three-car garage, a porch and a private yard with a fenced area. The home was built in 1900 and has an architectural-shingle roof and replacement windows.
The property occupies 0.23 acres in North Providence, just off Mineral Spring Avenue. Restaurants, shopping and everyday amenities are nearby, with access to Providence and Massachusetts. Zoning is RG.
The property occupies 0.23 acres in North Providence, just off Mineral Spring Avenue. Restaurants, shopping and everyday amenities are nearby, with access to Providence and Massachusetts. Zoning is RG.
Key Highlights
- Legal three‑family property with two three‑bedroom units and one two‑bedroom unit
- Two apartments are approximately 1,500 square feet each; the third is approximately 850 square feet
- Detached three‑car garage and finished walk‑out basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,781
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,620
$1.4M
Cap Rate 7%
$1,025,443
$1.0M
Cap Rate 9%
$797,567
$797.6K
Market Conditions
NOI Build-Up for 5,432 SF
Gross rent
$138.8K $25.56/SF
− Vacancy
−$8.3K −$1.53/SF
EGI
$130.5K $24.03/SF
− OpEx
−$58.7K −$10.81/SF
NOI
$71.8K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,620
Cap Rate 7%
$1,025,443
Cap Rate 9%
$797,567
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,445 @ 7.0% cap · market cap 11.31%
Second Best
Apartment 5plus
$1.03M
$897.3K – $1.20M
NOI $71,781 @ 7.0% cap · market cap 8.97%
Theoretical Best
—
—
same as Best Use
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
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
813
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
$302,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Providence County, RI
Properties on Market for Triplexes in Providence County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate residences are complemented by a finished walk-out basement and a detached garage.
Where is this triplex located?
The property is located at 7 Barrett Avenue North Providence, RI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Legal three‑family property with two three‑bedroom units and one two‑bedroom unit; Two apartments are approximately 1,500 square feet each; the third is approximately 850 square feet; Detached three‑car garage and finished walk‑out basement
