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Elmhurst Triplex Investment Opportunity
For Sale
$614,900

72 Academy Avenue, Providence, RI 02908

Well-maintained three-family home in desirable Providence location.

Property SizeContact for details
Days on Market110

Property Features for 72 Academy Avenue

General Information

Standard status Active
Property subtype Multi-family

Building Details

Year Built 1920
Listing Agency: Century 21 Limitless
Listed By: Kyle Seyboth · License #32535
Source: Milburyre
Added: May 12 Changed: Aug 28 Last Checked: Aug 28 at 5:11PM

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 Century 21 Limitless

Investment Insights

Based on property information with market context.

This well-maintained three-family home is located in the Elmhurst/PC area of Providence. Each unit features 2 bedrooms and 1 full bathroom. The property is currently occupied and offers income-producing potential. Off-street parking is available. The property is situated in a neighborhood with established homes and tree-lined streets, minutes from Providence College and close to Rhode Island College. Downtown Providence, local dining including La Salle Bakery, shopping, and entertainment are easily accessible. The property is conveniently located near Route 6, Interstate 95, and Interstate 295.

Key Highlights

  • Income‑producing 3‑family home in desirable Elmhurst/PC area.
  • Strong rental potential with comfortable 2‑bedroom units.
  • Convenient off‑street parking for tenants and guests.

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Dental Office Parking Lot & Garage HVAC Service Real Estate Agency Acupuncture Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,603
Businesses Nearby

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained three-family home in desirable Providence location.
Where is this triplex located?
The property is located at 72 Academy Avenue Providence, RI.
What is the asking price?
The asking price for this property is $614,900.
What are key features of this property?
This property features: Income‑producing 3‑family home in desirable Elmhurst/PC area.; Strong rental potential with comfortable 2‑bedroom units.; Convenient off‑street parking for tenants and guests.
More about this property
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