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Three-Unit Residential Property
For Sale
$740,000
Pending

73 Trenton Street, Providence, RI 02906

Residential Income, Providence, RI

Property Size2,285 SF
Lot Size0.06 Acres
Days on Market48

Property Features for 73 Trenton Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bathroom 3, Bedroom 1, Bedroom 4
Parking 4
Parking features None
Interior features Wall (Plaster), Stairs, Insulation (Walls)
Basement Full, Storage Space, Partially Finished
Appliances Dishwasher, Microwave, Oven, Range, Gas Water Heater
Subdivision Fox Point
Lot features Fenced, Paved Driveway
Standard status Pending
Size 2,285 SF
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8974

Utilities

Heating system Baseboard, Natural Gas
Cooling system Window Unit(s)

Building Details

Year built 1930
Floors in Building 4
Number of units 3
Flooring type Hardwood, Vinyl
Building materials Plaster, Other Siding
Listing Agency: Century 21 Gonsalves - Pastore · Coldwell Banker Real Estate
Listed By: Justin Freitas
Added: Aug 27 Changed: Sep 26 Last Checked: Oct 13 at 5:06PM
MLS# 1421715

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 three-unit residential property contains 2,285 square feet and was built in 1930. Public records identify a four-family layout, while the building is currently configured for three units. The property is offered vacant. Interior features include plaster walls, stairs, and wall insulation; flooring is hardwood and vinyl. Heating is gas-fired baseboard, with window units for cooling. Appliances include a dishwasher, microwave, oven, range, and gas water heater.

The property is on a 0.06-acre lot at 73 Trenton Street in Providence. Nearby points of interest cited include Brown University, RISD, the Jewelry District, East Providence, Wickenden Street, and local waterfront amenities.

Key Highlights

  • 2,285‑square‑foot building on a 0.06‑acre lot
  • Currently used as 3 units; public records describe a 4‑family layout
  • Delivered vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$38,585
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,700 $771.7K
Cap Rate 7%
$551,214 $551.2K
Cap Rate 9%
$428,722 $428.7K
Market Conditions
NOI Build-Up for 2,285 SF
Gross rent
$59.0K $25.80/SF
− Vacancy
−$3.8K −$1.68/SF
EGI
$55.1K $24.12/SF
− OpEx
−$16.5K −$7.24/SF
NOI
$38.6K $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%
$771,700
Cap Rate 7%
$551,214
Cap Rate 9%
$428,722

Alternative Uses

Best Use
Multifamily LT 5
$551.2K
$482.3K – $643.1K (±1% cap)
NOI $38,585 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$495.1K
$433.2K – $577.6K (±1% cap)
NOI $34,658 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$764.5K
$668.9K – $891.9K (±1% cap)
NOI $53,512 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Electrical Service Carpet & Flooring Store Storage Facility Catering Service

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

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,848
Businesses Nearby

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
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

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

What type of property is this?
Triplex - The 1930 building has hardwood and vinyl flooring, gas baseboard heat, and window-unit cooling.
Where is this triplex located?
The property is located at 73 Trenton Street Providence, RI.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 2,285‑square‑foot building on a 0.06‑acre lot; Currently used as 3 units; public records describe a 4‑family layout; Delivered vacant
More about this property
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