Multifamily Property with
For Sale
$950,000
86 Sutton Street, Providence, RI 02903
Multi-unit residential property with three-bedroom layouts, on-site laundry, and updated kitchen and bathroom finishes.
Property Size5,764 SF
Price / SF$164.82
Days on Market49
Property Features for 86 Sutton Street
General Information
Standard status
Active
Size
5,764 SF
Property subtype
MultiFamily
Amenities
detached 2 car garage
on-site laundry
Building Details
Year Built
1880
Listing Agency:
Coldwell Banker Realty
(401) 333-0010
Listed By:
Denise Mancini · License #REB.0013395
(401) 447-8785
Source:
Lockandkeyre
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 5 at 6:20PM
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
Investment Insights
Based on property information with market context.
Built in 1880, this multifamily property includes multiple three-bedroom residential units with spacious layouts. Interior features include appliance-equipped kitchens with granite countertops and updated marble bathrooms. On-site laundry supports resident convenience.
A detached two-car garage adds finished space above the parking level, while additional off-street parking is available on the property. The building also has a low-maintenance exterior and is located on Sutton Street in Providence’s Federal Hill area.
A detached two-car garage adds finished space above the parking level, while additional off-street parking is available on the property. The building also has a low-maintenance exterior and is located on Sutton Street in Providence’s Federal Hill area.
Key Highlights
- Multiple three‑bedroom residential units
- Detached two‑car garage with finished area above
- Additional off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,425
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,748,500
$1.7M
Cap Rate 7%
$1,248,929
$1.2M
Cap Rate 9%
$971,389
$971.4K
Market Conditions
NOI Build-Up for 5,764 SF
Gross rent
$169.5K $29.40/SF
− Vacancy
−$10.5K −$1.82/SF
EGI
$159.0K $27.58/SF
− OpEx
−$71.5K −$12.41/SF
NOI
$87.4K $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%
$1,748,500
Cap Rate 7%
$1,248,929
Cap Rate 9%
$971,389
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,425 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,986 @ 7.0% cap · market cap 14.21%
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
2,440
Businesses Nearby
Explore this area
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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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?
Multifamily property - Multi-unit residential property with three-bedroom layouts, on-site laundry, and updated kitchen and bathroom finishes.
Where is this multifamily property located?
The property is located at 86 Sutton Street Providence, RI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Multiple three‑bedroom residential units; Detached two‑car garage with finished area above; Additional off‑street parking
