Three-Unit Triplex with Separate
For Sale
$574,900
75 Wendell Street, Providence, RI 02900
Three apartments offer flexible bedroom layouts, and each has its own heating system.
Property Size3,049 SF
Price / SF$188.55
Days on Market10
Property Features for 75 Wendell Street
General Information
Standard status
Active
Size
3,049 SF
Property subtype
MultiFamily
Property Condition
Severity
Repairs Needed
Evidence
needs cosmetic updating
Site & Location
Neighborhood
West End
Highway Access
Yes
Units
Unit Mix
2 × 2BR, 1 × 3BR
Multifamily Units
3
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Circle 100 Real Estate
(401) 336-6083
Listed By:
Lissette Guzman · License #RES.0042951
(401) 230-6272
Source:
Lockandkeyre
Added: Oct 24
Changed: Nov 1
Last Checked: Nov 1 at 4:36AM
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 Circle 100 Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1900 triplex contains three apartments across three floors. The first and second levels each have two bedrooms and a double parlor, while the top floor has three smaller bedrooms. The property includes three full bathrooms, and every unit has an independent heating system. A new roof is in place; cosmetic updating remains, and the sale is as-is.
The property is in Providence’s West End, minutes from Federal Hill, downtown, Rhode Island Hospital, and Routes 6 and 95.
The property is in Providence’s West End, minutes from Federal Hill, downtown, Rhode Island Hospital, and Routes 6 and 95.
Key Highlights
- Three apartments in a 3,049‑square‑foot building
- Two bedrooms and a double parlor on each of the first two floors
- Top floor has three smaller bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,486
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,720
$1.0M
Cap Rate 7%
$735,514
$735.5K
Cap Rate 9%
$572,067
$572.1K
Market Conditions
NOI Build-Up for 3,049 SF
Gross rent
$78.7K $25.80/SF
− Vacancy
−$5.1K −$1.68/SF
EGI
$73.6K $24.12/SF
− OpEx
−$22.1K −$7.24/SF
NOI
$51.5K $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%
$1,029,720
Cap Rate 7%
$735,514
Cap Rate 9%
$572,067
Alternative Uses
Best Use
Multifamily LT 5
$735.5K
$643.6K – $858.1K
NOI $51,486 @ 7.0% cap · market cap 8.96%
Second Best
Apartment 5plus
$660.7K
$578.1K – $770.8K
NOI $46,246 @ 7.0% cap · market cap 8.04%
Theoretical Best
Office A
$1.02M
$892.6K – $1.19M
NOI $71,404 @ 7.0% cap · market cap 12.42%
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
1,484
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer flexible bedroom layouts, and each has its own heating system.
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 $574,900.
What are key features of this property?
This property features: Three apartments in a 3,049‑square‑foot building; Two bedrooms and a double parlor on each of the first two floors; Top floor has three smaller bedrooms
