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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in North Providence, RI
Rental Income
$ 535,000
ROI
20.4
Cash Flow/m
48- 7 Bed
- 2 Bath
- 2592 sft
45 Humbert St, North Providence, RI, 02911
Rental Income
$ 599,900
ROI
21.5Cash Flow/m
246- 5 Bed
- 3 Bath
- 2241 sft
2 Meadowbrook Rd, North Providence, RI, 02911
$ 402,300
ROI
24.0Cash Flow/m
537- 4 Bed
- 2 Bath
- 1456 sft
17 Intervale Ave, North Providence, RI, 02911
$ 599,000
ROI
28.0Cash Flow/m
1310- 4 Bed
- 2 Bath
- 2464 sft
136 Kentland Ave, North Providence, RI, 02908
Why Invest in North Providence, Rhode Island?
Multi-family properties in North Providence, RI offer strong investment potential due to steady population growth and high renter demand. The town saw 6.3% population increase from 2010-2020, reaching 34,114 residents with a median household income of $80,854. Renter-occupied units support reliable cash flow, complemented by 5-7% annual appreciation in a dense urban suburb. Cap rates around 6-8% make it attractive for investors seeking stable returns near Providence.
8.2%
Avg. ROI
6.5%
Rental Yield
6.8%
Cap Rate
$320/mo
Avg. Cash Flow
$1850/mo
Avg. Rent
5.8%
1Y Appreciation
Frequently Asked Questions
High renter occupancy and population growth of 6.3% create steady demand. Median incomes support rents around $1,850 monthly. Proximity to Providence jobs ensures low vacancy risks.
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