Triplex with Three Separate
For Sale
$750,000
750 Dyer Avenue, Cranston, RI 02920
Each apartment has its own heating system and electrical meter, and the sale includes three separate lots.
Property Size5,008 SF
Price / SF$149.76
Days on Market12
Property Features for 750 Dyer Avenue
General Information
Standard status
Active
Size
5,008 SF
Property subtype
MultiFamily
Building Details
Year Built
1894
Listing Agency:
REMAX Revolution
(401) 921-5011
Listed By:
Adam Cardinal · License #RES.0035208
(401) 261-1936
Source:
Lockandkeyre
Added: Sep 24
Changed: Oct 4
Last Checked: Oct 4 at 10:53AM
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 REMAX Revolution
Investment Insights
Based on property information with market context.
This 1894-built triplex contains three apartments, each with three bedrooms. Each unit has a separate heating system and electrical meter. The property is listed at 5,008 SF.
The sale includes three separate lots. One of the additional lots may be suitable for separate construction, according to the property information. The address is 750 Dyer Avenue in Cranston, Rhode Island.
The sale includes three separate lots. One of the additional lots may be suitable for separate construction, according to the property information. The address is 750 Dyer Avenue in Cranston, Rhode Island.
Key Highlights
- Three apartments, each with 3 bedrooms
- Three separate lots included in the sale
- Individual heating systems and electrical meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,178
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,323,560
$1.3M
Cap Rate 7%
$945,400
$945.4K
Cap Rate 9%
$735,311
$735.3K
Market Conditions
NOI Build-Up for 5,008 SF
Gross rent
$128.0K $25.56/SF
− Vacancy
−$7.7K −$1.53/SF
EGI
$120.3K $24.03/SF
− OpEx
−$54.1K −$10.81/SF
NOI
$66.2K $13.21/SF
Area
Providence County, RI
Vacancy
6.00%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,323,560
Cap Rate 7%
$945,400
Cap Rate 9%
$735,311
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,386 @ 7.0% cap · market cap 11.12%
Second Best
Apartment 5plus
$945.4K
$827.2K – $1.10M
NOI $66,178 @ 7.0% cap · market cap 8.82%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
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Business Placement
Demographics for 02920, RI
37,791
Population
15,052
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
4,246
Density / Sq Mi
$79,246
Median Household Income
$51,811
Median Earnings
$1,271
Median Rent
$336,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Each apartment has its own heating system and electrical meter, and the sale includes three separate lots.
Where is this triplex located?
The property is located at 750 Dyer Avenue Cranston, RI.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three apartments, each with 3 bedrooms; Three separate lots included in the sale; Individual heating systems and electrical meters for each unit
