Four-Unit Multifamily
For Sale
$1,160,000
872 Branch Avenue, Providence, RI 02904
Residential Income, Providence, RI
Property Size5,472 SF
Lot Size0.15 Acres
Price / SF$211.99
Days on Market118
Property Features for 872 Branch Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Basement, Bathroom 2
Parking features
None
Exterior features
Balcony
Basement
Unfinished, Full
Appliances
Gas Water Heater
Subdivision
Providence
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
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
central air conditioning and heating
basement storage
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 · License #24586
(401) 900-5885
Added: Jun 10
Changed: Sep 15
Last Checked: Oct 5 at 5:06PM
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.
Built in 2023, this four-unit multifamily property contains 5,472 square feet on a 0.15-acre parcel. Each residence offers more than 1,300 square feet, three bedrooms, 1-1/2 bathrooms, a large kitchen with modern cabinetry, granite countertops, recessed lighting, a dining area, and living and bedroom spaces finished with hardwood and ceramic tile. Every unit also includes a private basement for storage and a balcony.
Central air conditioning and natural-gas heating serve the apartments, with a gas water heater and public water source. The exterior is finished with vinyl siding. The property is located at 872 Branch Avenue in Providence, Rhode Island, near PC and major highways.
Central air conditioning and natural-gas heating serve the apartments, with a gas water heater and public water source. The exterior is finished with vinyl siding. The property is located at 872 Branch Avenue in Providence, Rhode Island, near PC and major highways.
Key Highlights
- Four residential units, each offering more than 1,300 square feet
- 5,472 square feet on a 0.15‑acre lot
- Built in 2023
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.
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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Recently built multifamily asset with spacious three-bedroom residences, private basements, balconies, and central heating and cooling.
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: Four residential units, each offering more than 1,300 square feet; 5,472 square feet on a 0.15‑acre lot; Built in 2023
