Three-Unit Triplex with New
75 Wendell Street, Providence, RI 02909
For Sale
New
$554,000
Residential Income, Providence, RI
Property Size3,049 SF
Lot Size0.07 Acres
Price / SF$181.70
Days on Market2
Property Features for 75 Wendell Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Appliances
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Building Details
Year built
Number of units
Flooring type
Building materials
Listing Agency:
Circle 100 Real Estate
(401) 336-6083
Listed By:
Lissette Guzman · License RI RES.0042951
(401) 230-6272
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 1428448
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.
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Investment Insights
Based on property information with market context.
This 3,049-square-foot triplex, built in 1900, contains three apartments and three full bathrooms. The first and second floors each have two bedrooms and a double parlor; the third floor has three smaller bedrooms. Each unit has its own heating system, and a new boiler is being installed for the first-floor unit. The building has vinyl siding, ceramic tile, vinyl and hardwood flooring, and a new roof. Cosmetic updating is needed. The 0.0735-acre property has public sewer service and no parking.
Key Highlights
- Three apartments with 3,049 square feet of building area
- New roof; first‑floor boiler installation is underway
- First- and second‑floor units each have 2 bedrooms and a double parlor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,246
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,920
$924.9K
Cap Rate 7%
$660,657
$660.7K
Cap Rate 9%
$513,844
$513.8K
Market Conditions
NOI Build-Up for 3,049 SF
Gross rent
$89.6K $29.40/SF
− Vacancy
−$5.6K −$1.82/SF
EGI
$84.1K $27.58/SF
− OpEx
−$37.8K −$12.41/SF
NOI
$46.2K $15.17/SF
Area
Providence, RI
Vacancy
6.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,920
Cap Rate 7%
$660,657
Cap Rate 9%
$513,844
Alternative Uses
Best Use
Multifamily LT 5
$735.5K
$643.6K – $858.1K
NOI $51,486 @ 7.0% cap · market cap 9.29%
Second Best
Apartment 5plus
$660.7K
$578.1K – $770.8K
NOI $46,246 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$1.02M
$892.6K – $1.19M
NOI $71,404 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,484
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
$283,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Providence, RI
Properties on Market for Triplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments offer varied bedroom layouts, individual heating systems and a new roof.
Where is this triplex located?
The property is located at 75 Wendell Street Providence, RI.
What is the asking price?
The asking price for this property is $554,000.
What are key features of this property?
This property features: Three apartments with 3,049 square feet of building area; New roof; first‑floor boiler installation is underway; First- and second‑floor units each have 2 bedrooms and a double parlor
