Condo Investment Properties for Sale in North Providence, RI
75- 2 Bed
- 2 Bath
- 1450 sft
300- 1 Bed
- 1 Bath
- 616 sft
305- 1 Bed
- 1 Bath
- 810 sft
106- 2 Bed
- 2 Bath
- 1211 sft
Why Invest in North Providence, Rhode Island?
North Providence, RI offers strong condo investment opportunities with steady population growth and solid rental demand. The town's proximity to Providence supports consistent occupancy rates around 90% for multifamily units. Median household income of $80,854 drives reliable cash flows, while 1.2% annual population growth signals appreciation potential. Cap rates hover at 6-7% with average rents supporting yields above market norms. Low vacancy and housing density of over 6,000 per square mile make condos a smart play for passive income.
Frequently Asked Questions
Condos benefit from high renter demand due to population density over 6,000 per square mile and proximity to Providence jobs. Average rents around $1,850 yield 6.2% with low 4% vacancy. Steady 1.2% growth supports long-term appreciation.
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