Three-Unit Triplex with Rear
82 Sutton Street, Providence, RI 02903
For Sale
$1,450,000
Each apartment has three bedrooms, granite counters, stainless appliances, hardwood floors, and an open layout.
Property Size5,362 SF
Price / SF$270.42
Days on Market83
Property Features for 82 Sutton Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry
Stall Shower
Tub Shower
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Realty
(401) 333-0010
Listed By:
Denise Mancini · License #REB.0013395
(401) 447-8785
Source:
Caldwellrealtyri
Added: Aug 19
Changed: Nov 8
Last Checked: Nov 8 at 12:09PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This three-family property includes a separate building at the rear. Each apartment offers three bedrooms, an open floor plan, hardwood flooring, and an equipped kitchen with granite countertops and stainless steel appliances. Shared laundry is located in the basement, and off-street parking is available. Storage units provide an additional income source.
The property is in Federal Hill, between Broadway and Atwells Avenue. Built in 1920, it combines three apartments with the additional rear building and shared basement laundry.
The property is in Federal Hill, between Broadway and Atwells Avenue. Built in 1920, it combines three apartments with the additional rear building and shared basement laundry.
Key Highlights
- Three apartments, each with three bedrooms
- Separate building at the rear of the property
- Granite countertops and stainless steel appliances in each kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,543
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,810,860
$1.8M
Cap Rate 7%
$1,293,471
$1.3M
Cap Rate 9%
$1,006,033
$1.0M
Market Conditions
NOI Build-Up for 5,362 SF
Gross rent
$138.3K $25.80/SF
− Vacancy
−$9.0K −$1.68/SF
EGI
$129.3K $24.12/SF
− OpEx
−$38.8K −$7.24/SF
NOI
$90.5K $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%
$1,810,860
Cap Rate 7%
$1,293,471
Cap Rate 9%
$1,006,033
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,543 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,328 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,572 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
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Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
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Market
Average Price Trend$/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 - Each apartment has three bedrooms, granite counters, stainless appliances, hardwood floors, and an open layout.
Where is this triplex located?
The property is located at 82 Sutton Street Providence, RI.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three apartments, each with three bedrooms; Separate building at the rear of the property; Granite countertops and stainless steel appliances in each kitchen
