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115 Hope St
Providence, RI 02906
Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Three 3-bed, 1-bath units
- Recent systems and porch upgrades
EXECUTIVE SUMMARY
115 Hope Street in Providence, RI is a fully leased 3-unit triplex, with each unit offering 3 bedrooms and 1 bathroom. The building totals 5,088 square feet and sits in the heart of College Hill. This well-maintained asset provides strong rental income and features recent capital improvements including upgraded porches, plumbing, electrical panels, and hot water heaters—making it a turnkey opportunity for investors seeking stable cash flow in a high-demand rental market.
Metric 115 Hope Street
Square Feet 5,088
Bedrooms 12
Bathrooms 3
Units 3
Monthly Rent $10,800
Potential Gross Income $129,600
Maintenance $3,000
Trash $0
Fire Alarm $400
Insurance $3,600
Real Estate Taxes $24,119
Electric $905
Gas $7,842
Water $4,644
Sewage $0
HOA $0
Management $0
General & Administrative $0
Replacement Reserves $1,000
Operating Expenses $45,510
Net Operating Income $51,690
Metric 115 Hope Street
Square Feet 5,088
Bedrooms 12
Bathrooms 3
Units 3
Monthly Rent $10,800
Potential Gross Income $129,600
Maintenance $3,000
Trash $0
Fire Alarm $400
Insurance $3,600
Real Estate Taxes $24,119
Electric $905
Gas $7,842
Water $4,644
Sewage $0
HOA $0
Management $0
General & Administrative $0
Replacement Reserves $1,000
Operating Expenses $45,510
Net Operating Income $51,690
PROPERTY FACTS
| Price Per Unit | $466,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.70% | Building Size | 5,088 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1870 |
| Apartment Style | Low-Rise | ||
| Zoning | R-1 - Residential | ||
| Price Per Unit | $466,667 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,088 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1870 |
| Zoning | R-1 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Walk-Up
- Smoke Detector
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