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Providence Multifamily Investment Opportunity
For Sale
$525,000

884 Douglas Ave, Providence, RI 02908

Three spacious units, great potential in a desirable location.

Property Size3,816 SF
Price / SF$137.58
Days on Market149

Property Features for 884 Douglas Ave

General Information

Standard status Active
Size 3,816 SF
Property subtype Multi-Family

Building Details

Year Built 1910
Listing Agency: Century 21 Limitless
Listed By: Kyle Seyboth · License #REB.0019335
Source: Alpernandmesenbourg
Added: May 19 Changed: Oct 6 Last Checked: Oct 7 at 2:21PM

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 Century 21 Limitless

Investment Insights

Based on property information with market context.

This multi-family property in Providence features three units, each with three bedrooms and one full bathroom. The property requires improvements and offers an opportunity for developers, investors, or buyers seeking to restore and add value. The property has spacious layouts and rental potential. Off-street parking is available for tenants and guests. The property is located along the Douglas Avenue corridor, providing access to shopping, dining, and everyday essentials. It is situated in the Elmhurst/Providence College area, known for established neighborhoods and tree-lined streets. The property is located minutes from Providence College and close to Rhode Island College. Downtown Providence, with its restaurants, nightlife, arts, and entertainment, is a short drive away. Route 6, Interstate 95, and Interstate 295 are easily accessible. Wanskuck Park, local cafes, schools, healthcare, and T.F. Green Airport are nearby.

Key Highlights

  • Multi‑family property with 3 spacious units, each featuring 3 bedrooms and 1 bathroom.
  • Excellent investment opportunity for developers or buyers looking to restore and add value.
  • Located in the desirable Elmhurst/Providence College area.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Dental Office Skin Care Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

594
Businesses Nearby

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three spacious units, great potential in a desirable location.
Where is this triplex located?
The property is located at 884 Douglas Ave Providence, RI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Multi‑family property with 3 spacious units, each featuring 3 bedrooms and 1 bathroom.; Excellent investment opportunity for developers or buyers looking to restore and add value.; Located in the desirable Elmhurst/Providence College area.
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