New Quadplex with Spacious Townhouse-Style
872 Branch Avenue Providence, RI 02904
For Sale
$1,160,000
MULTI_FAMILY - Providence, RI
Property Size5,472 SF
Lot Size0.15 Acres
Price / SF$211.99
Days on Market48
Property Features for 872 Branch Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Basement
- Parking features
- None
- Exterior features
- Balcony
- Basement
- Unfinished, Full
- Appliances
- Gas Water Heater
- Standard status
- Active
- Size
- 5,472 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15237
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Number of units
- 4
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Vinyl Siding
Listing Agency:
Realpro By The Water
(401) 600-4100
Listed By:
The Realpro Group
(401) 900-5885
Added: Jun 10
Changed: Jul 23
Last Checked: Jul 27 at 6:06AM
MLS# 1414718
Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This newer-constructed quadplex was built in 2023 and features four large residential units. Each unit is described as townhouse-style with spacious layouts, 3 bedrooms, and 1.5 bathrooms. Interior finishes include a large kitchen with modern cabinets, granite countertops, and recessed lighting, along with ceramic flooring and hardwood extending into the living areas and bedrooms. The units are supported by central AC and heat, and each includes an enormous basement for additional storage, along with designated parking.
The property is located on Branch Avenue in Providence and is described as close to PC and major highways, supporting convenient access for tenants and visitors.
With four units in a single building, the asset is configured to provide multiple residential income streams, while maintaining a consistent unit mix and similar interior features across the property.
The property is located on Branch Avenue in Providence and is described as close to PC and major highways, supporting convenient access for tenants and visitors.
With four units in a single building, the asset is configured to provide multiple residential income streams, while maintaining a consistent unit mix and similar interior features across the property.
Key Highlights
- Newer construction built in 2023
- 4‑unit property with each unit offering 3 bedrooms and 1.5 bathrooms
- Central heating and central air with natural gas
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $141.2k | $25.80 |
| − Vacancy | −$9.2k | −$1.68 |
| EGI | $132.0k | $24.12 |
| − OpEx | −$39.6k | −$7.24 |
| NOI | $92.4k | $16.89 |
5,472 SF · lease $25.80/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Built in 2023, this quadplex offers four large 3-bedroom units with central AC and designated parking.
Where is this quadplex located?
The property is located at 872 Branch Avenue 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: Newer construction built in 2023; 4‑unit property with each unit offering 3 bedrooms and 1.5 bathrooms; Central heating and central air with natural gas
