New Construction
For Sale
$1,160,000
872 Branch Ave, Providence, RI 02904
2023-built four-unit quadplex with spacious 3-bedroom layouts, central climate control, basements for storage, and designated parking.
Property Size5,472 SF
Price / SF$211.99
Days on Market99
Property Features for 872 Branch Ave
General Information
Standard status
Active
Size
5,472 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Year Built
2023
Listing Agency:
REALPRO by The Water
Listed By:
The Realpro Group · License #24586
(401) 432-4223
Source:
Alpernandmesenbourg
Added: Jul 7
Changed: Oct 7
Last Checked: Oct 12 at 9:44PM
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 REALPRO by The Water
Investment Insights
Based on property information with market context.
This 2023-built quadplex offers four large residential units designed to feel like townhomes, each with more than 1,300 square feet of living space. Units include three bedrooms and 1-1/2 bathrooms, with a large kitchen featuring modern cabinetry, granite countertops, and recessed lighting. Interior finishes include ceramic flooring throughout, with hardwood extending into the living room and bedrooms. Each unit is served by central AC and heat for consistent temperature control. In addition to the main living space, every unit includes an enormous basement providing extra storage, along with a designated parking area.
The property is located at 872 Branch Avenue in Providence, Rhode Island, and is described as being close to major highways, supporting convenient access for residents.
For investors and operators seeking a newer, low-rise income property, this quadplex provides four independent, similarly configured units with substantial living space and dedicated storage. The combination of central HVAC, townhouse-like layouts, and in-unit basement storage can be attractive for tenants looking for practical everyday comfort within a multi-unit setting.
The property is located at 872 Branch Avenue in Providence, Rhode Island, and is described as being close to major highways, supporting convenient access for residents.
For investors and operators seeking a newer, low-rise income property, this quadplex provides four independent, similarly configured units with substantial living space and dedicated storage. The combination of central HVAC, townhouse-like layouts, and in-unit basement storage can be attractive for tenants looking for practical everyday comfort within a multi-unit setting.
Key Highlights
- 2023‑built four‑unit quadplex
- 4 units total, each with over 1,300 sq ft of living space
- Each unit features a 3‑bedroom layout with 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,401
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,020
$1.8M
Cap Rate 7%
$1,320,014
$1.3M
Cap Rate 9%
$1,026,678
$1.0M
Market Conditions
NOI Build-Up for 5,472 SF
Gross rent
$141.2K $25.80/SF
− Vacancy
−$9.2K −$1.68/SF
EGI
$132.0K $24.12/SF
− OpEx
−$39.6K −$7.24/SF
NOI
$92.4K $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%
$1,848,020
Cap Rate 7%
$1,320,014
Cap Rate 9%
$1,026,678
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,401 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $82,996 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,148 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
511
Businesses Nearby
Explore this area
Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
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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?
Quadplex - 2023-built four-unit quadplex with spacious 3-bedroom layouts, central climate control, basements for storage, and designated parking.
Where is this quadplex located?
The property is located at 872 Branch Ave Providence, RI.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: 2023‑built four‑unit quadplex; 4 units total, each with over 1,300 sq ft of living space; Each unit features a 3‑bedroom layout with 1.5 bathrooms
