98 Andem Street, Providence, RI 02909
MULTI_FAMILY - Providence, RI
- Added:
- Apr 30, 2026
- Days on Market:
- 42
- Last Refresh:
- Jun 10 at 11:06 pm
Property Features for 98 Andem Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Basement, Bedroom 1, Bathroom 2
- Parking
- 4
- Parking features
- Garage
- Interior features
- Wall (Plaster), Stairs
- Basement
- Unfinished, Storage Space, Partial
- Appliances
- Gas Water Heater, Oven/Range, Refrigerator
- Standard status
- Active
- Size
- 2,265 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6178
Utilities
- Heating system
- Natural Gas, Baseboard
Building Details
- Year built
- 1885
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Plaster, Shingles
Listing agent Melanie Fougere (855) 450-0442
Listing office Real Broker, Llc 10 Dorrance Street, Providence, RI (855) 450-0442
Listing date Apr 30, 2026
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.
HighLights
- Excellent opportunity for investors and owner‑occupants in Providence.
- Ideally located with convenient access to downtown, major highways, dining, and shopping.
- Offers separate living spaces, ideal for rental income or multi‑generational living.
- Strong rental demand in an established neighborhood.
- Features hardwood flooring.
- Includes a garage.
Overview
Local 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 | $58.4k | $25.80 |
| − Vacancy | −$3.8k | −$1.68 |
| EGI | $54.6k | $24.12 |
| − OpEx | −$16.4k | −$7.24 |
| NOI | $38.2k | $16.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.443684
- Latitude
- 41.830297
