Updated
New
For Sale
$1,149,000
84 11th Street, Providence, RI 02906
Three residential units offer a combined nine bedrooms and three bathrooms.
Property Size3,580 SF
Price / SF$320.95
Days on Market2
Property Features for 84 11th Street
General Information
Standard status
Active
Size
3,580 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Hope
Building Details
Year Built
1900
Listing Agency:
Thumbprint Realty
Listed By:
Jessica Morson · License #46657
Source:
Onshorerealtors
Added: Oct 24
Last Checked: Oct 24 at 1:49PM
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 Thumbprint Realty
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Investment Insights
Based on property information with market context.
At 84 11th Street, this Providence triplex contains 3,580 square feet of living space, with nine bedrooms and three bathrooms across its three units. The building dates to 1900, and the interiors have been updated. Off-street parking is available.
Electrical work was completed in 2025. The third-floor unit received new windows in 2026, and the second-floor unit received a new water heater that year. The property is on Providence’s East Side, near dining, shopping, and neighborhood amenities.
Electrical work was completed in 2025. The third-floor unit received new windows in 2026, and the second-floor unit received a new water heater that year. The property is on Providence’s East Side, near dining, shopping, and neighborhood amenities.
Key Highlights
- 3,580 square feet of living space
- Triplex with 9 bedrooms and 3 bathrooms
- Electrical improvements completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,452
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,040
$1.2M
Cap Rate 7%
$863,600
$863.6K
Cap Rate 9%
$671,689
$671.7K
Market Conditions
NOI Build-Up for 3,580 SF
Gross rent
$92.4K $25.80/SF
− Vacancy
−$6.0K −$1.68/SF
EGI
$86.4K $24.12/SF
− OpEx
−$25.9K −$7.24/SF
NOI
$60.5K $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%
$1,209,040
Cap Rate 7%
$863,600
Cap Rate 9%
$671,689
Alternative Uses
Best Use
Multifamily LT 5
$863.6K
$755.7K – $1.01M
NOI $60,452 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$775.7K
$678.8K – $905.0K
NOI $54,300 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,839 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
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Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a combined nine bedrooms and three bathrooms.
Where is this triplex located?
The property is located at 84 11th Street Providence, RI.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 3,580 square feet of living space; Triplex with 9 bedrooms and 3 bathrooms; Electrical improvements completed in 2025
