Renovated 3-Unit
For Sale
$649,900
Pending
70 Whittier Avenue, Providence, RI 02909
A walkout basement offers potential for future use, subject to local approvals.
Property Size2,503 SF
Days on Market12
Property Features for 70 Whittier Avenue
General Information
Standard status
Pending
Size
2,503 SF
Property subtype
MultiFamily
Site & Location
Neighborhood
Hartford
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Buildings
1
Listing Agency:
RE/MAX New Horizons
Listed By:
Sussy DeLeon · License #REB.0015186
(401) 331-8855
Source:
Lockandkeyre
Added: Oct 14
Changed: Oct 25
Last Checked: Oct 24 at 7:02PM
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 RE/MAX New Horizons
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Investment Insights
Based on property information with market context.
This 2,503-square-foot triplex at 70 Whittier Avenue in Providence was built in 1910 and has undergone renovation. The work includes new kitchens, bathrooms, flooring, walls, and windows. A walkout basement provides an additional area with possible future use, subject to local approvals.
The property is near highways, a train station, an airport, shopping, restaurants, and municipal services. Boston is approximately one hour away.
The property is near highways, a train station, an airport, shopping, restaurants, and municipal services. Boston is approximately one hour away.
Key Highlights
- Three‑family property with new kitchens, bathrooms, flooring, walls, and windows throughout
- 2,503 square feet
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,266
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,320
$845.3K
Cap Rate 7%
$603,800
$603.8K
Cap Rate 9%
$469,622
$469.6K
Market Conditions
NOI Build-Up for 2,503 SF
Gross rent
$64.6K $25.80/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$60.4K $24.12/SF
− OpEx
−$18.1K −$7.24/SF
NOI
$42.3K $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%
$845,320
Cap Rate 7%
$603,800
Cap Rate 9%
$469,622
Alternative Uses
Best Use
Multifamily LT 5
$603.8K
$528.3K – $704.4K
NOI $42,266 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$542.3K
$474.6K – $632.7K
NOI $37,964 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$837.4K
$732.7K – $977.0K
NOI $58,617 @ 7.0% cap · market cap 9.02%
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
Highway access
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 02909, RI
46,119
Population
18,602
Households
2.5
Avg Household Size
31
Median Age
24%
College-Educated
80%
High-School Grad
3.1 sq mi
ZIP Area
14,877
Density / Sq Mi
$63,950
Median Household Income
$37,090
Median Earnings
$1,258
Median Rent
$283,800
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
Frequently Asked Questions
What type of property is this?
Triplex - A walkout basement offers potential for future use, subject to local approvals.
Where is this triplex located?
The property is located at 70 Whittier Avenue Providence, RI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Three‑family property with new kitchens, bathrooms, flooring, walls, and windows throughout; 2,503 square feet; Built in 1910
