Multifamily Property with
For Sale
$675,000
81 Radcliffe Avenue, Providence, RI 02908
The residence has six bedrooms and two bathrooms, plus off-street parking.
Property Size2,270 SF
Price / SF$297.36
Days on Market9
Property Features for 81 Radcliffe Avenue
General Information
Standard status
Active
Size
2,270 SF
Total Parking Spaces
2
Property subtype
MultiFamily
Additional Details
Multifamily Units
1
Building Details
Year Built
1915
Listing Agency:
Strive Realty
(401) 270-8878
Listed By:
Chanthrea Ou · License #RES.0206357
(401) 409-5368
Source:
Lockandkeyre
Added: Oct 6
Changed: Oct 13
Last Checked: Oct 12 at 7:06PM
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 Strive Realty
Investment Insights
Based on property information with market context.
This multifamily property is a six-bedroom, two-bathroom residence with a two-car garage that provides off-street parking and storage. Built in 1915, it is located at 81 Radcliffe Avenue in Providence’s Elmhurst neighborhood.
Schools, shopping, dining, local amenities, and major routes are identified in the surrounding area.
Schools, shopping, dining, local amenities, and major routes are identified in the surrounding area.
Key Highlights
- Six‑bedroom, two‑bathroom residence
- Two‑car garage with off‑street parking and storage
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,430
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$688,600
$688.6K
Cap Rate 7%
$491,857
$491.9K
Cap Rate 9%
$382,556
$382.6K
Market Conditions
NOI Build-Up for 2,270 SF
Gross rent
$66.7K $29.40/SF
− Vacancy
−$4.1K −$1.82/SF
EGI
$62.6K $27.58/SF
− OpEx
−$28.2K −$12.41/SF
NOI
$34.4K $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%
$688,600
Cap Rate 7%
$491,857
Cap Rate 9%
$382,556
Alternative Uses
Best Use
Apartment 5plus
$491.9K
$430.4K – $573.8K
NOI $34,430 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$759.4K
$664.5K – $886.0K
NOI $53,161 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,576
Businesses Nearby
Explore this area
Business Placement
Demographics for 02908, RI
38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - The residence has six bedrooms and two bathrooms, plus off-street parking.
Where is this multifamily property located?
The property is located at 81 Radcliffe Avenue Providence, RI.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Six‑bedroom, two‑bathroom residence; Two‑car garage with off‑street parking and storage; Built in 1915
