74 Sutton Street Providence, RI 02903

Building Details

Year Built

1850

Listing Agency Residential Properties Ltd.

Listed by Ramiro Encizo

Source Milburyre

Added: May 11 Checked: May 18 at 8:26 pm

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Investment Insights

Based on property information with market context.

This classic Federal Hill property, dating back to the 1850s, has been maintained and modernized. The three-unit property is located between Atwells Avenue and Broadway. The first floor is configured as a 2-bedroom, 1-bath unit, while the second and third floors each feature 3-bedroom, 1-bath units. The property includes separate utilities, a newer roof installed in 2023, vinyl siding, and replacement windows. A three-bay garage is also present. The property is currently fully occupied, with a mix of leases and month-to-month tenancies. It is located in one of the city's prime rental markets, with walkability to cafes, shops, eateries, and proximity to Downtown Providence. This property presents an opportunity for an owner occupant to live in one of the units while benefitting from two market rents to subsidize a majority of their mortgage payment.

Key Highlights

• Prime location in Federal Hill, close to Atwells Ave & Broadway, with high walkability to cafes, shops, and Downtown Providence.
• Income‑generating 3‑unit property, currently fully occupied, ideal for investors or owner‑occupants.
• Opportunity for owner‑occupancy with rental income from two units to offset mortgage payments.

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FAQs

What type of property is this?

Triplex - Three-unit property in prime location with separate utilities and garage.

Where is this triplex located?

The property is located at 74 Sutton Street Providence, RI.

What is the asking price?

The asking price for this property is $719,000.

What are key features of this property?

This property features: Prime location in Federal Hill, close to Atwells Ave & Broadway, with high walkability to cafes, shops, and Downtown Providence.; Income‑generating 3‑unit property, currently fully occupied, ideal for investors or owner‑occupants.; Opportunity for owner‑occupancy with rental income from two units to offset mortgage payments.