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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
$ 475,000
ROI
21.4
Cash Flow/m
222- 3 Bed
- 2 Bath
- 2754 sft
1281 Douglas Ave, North Providence, RI, 02904
$ 479,000
ROI
21.5Cash Flow/m
233- 3 Bed
- 2 Bath
- 1464 sft
270 Woonasquatucket Ave, North Providence, RI, 02911
Currently Rented
$ 449,000
ROI
23.2Cash Flow/m
429- 3 Bed
- 2 Bath
- 1450 sft
100 Lyman Ave, North Providence, RI, 02911
$ 389,000
ROI
20.3Cash Flow/m
61- 2 Bed
- 2 Bath
- 1218 sft
34 Steere Ave, North Providence, RI, 02911
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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