Providence Investment Analysis

Investment Property in Providence, RI

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Providence, RI Real Estate Investment Performance

PROPERTY SALE PRICE

$579,653

Median

2,437

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

N/A

Airbnb
NUMBER OF PROPERTIES

773

Investment

2,593

Airbnb

276

Traditional

28%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

315

Number of homes sold

32

Median days on market

100%

Average sale-to-list price ratio

18%

Percentage of listings with price drops

773

Active listings count

555

New listings count

2.9

Months of supply

Providence, RI Properties Rental Prices

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Investment Properties for Sale in Providence, RI

Investment Properties for Sale
$350,000
MLS 1404135
Wanskuck
Other
9 beds 3 baths 3,788 sq.ft.
CAP RATE Trad. 9.99% Airbnb 9.94%
Investment Properties for Sale
$252,000
MLS 73459065
South Elmwood
Single Family Residential
4 beds 2 baths 1,980 sq.ft.
CAP RATE Trad. 11.57% Airbnb 6.82%
Investment Properties for Sale
$379,900
MLS 1416021
Olneyville
Multi Family
9 beds 3 baths 2,015 sq.ft.
CAP RATE Trad. 7.37% Airbnb 6.70%
Investment Properties for Sale
$269,000
MLS 1413993
Washington Park
Single Family Residential
4 beds 2 baths 1,248 sq.ft.
CAP RATE Trad. 11.00% Airbnb 6.71%
Investment Properties for Sale
$475,000
MLS 1413077
Wanskuck
Multi Family
5 beds 2 baths 1,444 sq.ft.
CAP RATE Trad. 4.51% Airbnb 6.12%
Investment Properties for Sale
$475,000
MLS 1411309
Charles
Condo/Coop
5 beds 3 baths 3,763 sq.ft.
CAP RATE Trad. 6.51% Airbnb 6.11%
Investment Properties for Sale
$425,000
MLS 1410845
Olneyville
Multi Family
6 beds 2 baths 2,048 sq.ft.
CAP RATE Trad. 5.54% Airbnb 5.70%
Investment Properties for Sale
$399,000
MLS 1417813
West End
Single Family Residential
5 beds 2 baths 1,584 sq.ft.
CAP RATE Trad. 6.32% Airbnb 5.34%

Single Family Houses for Sale in Providence, RI

Investment Properties for Sale
$252,000
MLS 73459065
South Elmwood
Single Family Residential
4 beds 2 baths 1,980 sq.ft.
CAP RATE Trad. 11.57% Airbnb 6.82%
Investment Properties for Sale
$269,000
MLS 1413993
Washington Park
Single Family Residential
4 beds 2 baths 1,248 sq.ft.
CAP RATE Trad. 11.00% Airbnb 6.71%
Investment Properties for Sale
$399,000
MLS 1417813
West End
Single Family Residential
5 beds 2 baths 1,584 sq.ft.
CAP RATE Trad. 6.32% Airbnb 5.34%
Investment Properties for Sale
$349,000
MLS 1418934
Wayland
Single Family Residential
3 beds 1 baths 1,370 sq.ft.
CAP RATE Trad. 4.88% Airbnb 4.94%
Investment Properties for Sale
$350,000
MLS 1417159
Washington Park
Single Family Residential
4 beds 2 baths 1,374 sq.ft.
CAP RATE Trad. 6.26% Airbnb 4.76%
Investment Properties for Sale
$454,500
MLS 1418286
Valley
Single Family Residential
5 beds 2 baths 2,060 sq.ft.
CAP RATE Trad. 5.16% Airbnb 4.68%
Investment Properties for Sale
$439,900
MLS 1415461
West End
Single Family Residential
5 beds 2 baths 1,556 sq.ft.
CAP RATE Trad. 6.64% Airbnb 4.63%
Investment Properties for Sale
$379,900
MLS 1418238
Elmwood
Single Family Residential
5 beds 2 baths 1,547 sq.ft.
CAP RATE Trad. 5.54% Airbnb 4.53%

Multi Family Houses for sale in Providence, RI

Investment Properties for Sale
$379,900
MLS 1416021
Olneyville
Multi Family
9 beds 3 baths 2,015 sq.ft.
CAP RATE Trad. 7.37% Airbnb 6.70%
Investment Properties for Sale
$475,000
MLS 1413077
Wanskuck
Multi Family
5 beds 2 baths 1,444 sq.ft.
CAP RATE Trad. 4.51% Airbnb 6.12%
Investment Properties for Sale
$425,000
MLS 1410845
Olneyville
Multi Family
6 beds 2 baths 2,048 sq.ft.
CAP RATE Trad. 5.54% Airbnb 5.70%
Investment Properties for Sale
$540,000
MLS 1415067
Wanskuck
Multi Family
4 beds 2 baths 2,242 sq.ft.
CAP RATE Trad. 5.60% Airbnb 4.86%
Investment Properties for Sale
$535,000
MLS 1416655
Olneyville
Multi Family
5 beds 3 baths 1,872 sq.ft.
CAP RATE Trad. 6.07% Airbnb 4.52%
Investment Properties for Sale
$585,000
MLS 1416315
Olneyville
Multi Family
7 beds 4 baths 3,049 sq.ft.
CAP RATE Trad. 6.38% Airbnb 4.42%
Investment Properties for Sale
$599,999
MLS 1415448
Charles
Multi Family
7 beds 3 baths 1,512 sq.ft.
CAP RATE Trad. 5.03% Airbnb 4.40%
Investment Properties for Sale
$520,000
MLS 1411816
Olneyville
Multi Family
6 beds 3 baths 2,406 sq.ft.
CAP RATE Trad. 5.47% Airbnb 4.18%

Condos for Sale in Providence, RI

Investment Properties for Sale
$475,000
MLS 1411309
Charles
Condo/Coop
5 beds 3 baths 3,763 sq.ft.
CAP RATE Trad. 6.51% Airbnb 6.11%
Investment Properties for Sale
$675,000
MLS 1405237
Wanskuck
Condo/Coop
8 beds 3 baths 3,447 sq.ft.
CAP RATE Trad. 4.86% Airbnb 4.21%
Investment Properties for Sale
$699,000
MLS 1403255
Olneyville
Condo/Coop
6 beds 4 baths 2,100 sq.ft.
CAP RATE Trad. 5.23% Airbnb 3.80%
Investment Properties for Sale
$629,000
MLS 1411341
Valley
Condo/Coop
7 beds 4 baths 3,234 sq.ft.
CAP RATE Trad. 7.53% Airbnb 3.74%
Investment Properties for Sale
$625,000
MLS 1412448
Olneyville
Condo/Coop
6 beds 3 baths 4,696 sq.ft.
CAP RATE Trad. 4.86% Airbnb 3.48%
Investment Properties for Sale
$609,000
MLS 1411214
Federal Hill
Condo/Coop
6 beds 3 baths 2,679 sq.ft.
CAP RATE Trad. 4.17% Airbnb 3.18%
Investment Properties for Sale
$599,000
MLS 1413881
West End
Condo/Coop
8 beds 3 baths 4,300 sq.ft.
CAP RATE Trad. 5.66% Airbnb 3.02%
Investment Properties for Sale
$322,500
MLS 1402467
Wanskuck
Condo/Coop
4 beds 2 baths 2,144 sq.ft.
CAP RATE Trad. 8.96% Airbnb 2.55%

Townhouses for Sale in Providence, RI

Investment Properties for Sale
$850,000
MLS 1414906
Wayland
Townhouse
3 beds 3 baths 1,905 sq.ft.
CAP RATE Trad. 2.23% Airbnb 1.16%
Investment Properties for Sale
$739,995
MLS 30CC7690626B
Wayland
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 2.06% Airbnb 0.95%
Investment Properties for Sale
$775,020
MLS B0304E903031
Wayland
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 1.56% Airbnb 0.79%
Investment Properties for Sale
$325,000
MLS 1410339
Federal Hill
Townhouse
3 beds 2 baths 1,120 sq.ft.
CAP RATE Trad. 5.51% Airbnb 0.47%
Investment Properties for Sale
$249,900
MLS 1412769
Federal Hill
Townhouse
2 beds 2 baths 600 sq.ft.
CAP RATE Trad. 5.40% Airbnb 0.43%
Investment Properties for Sale
$724,995
MLS 9F8E2A35256C
Blackstone
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 2.15% Airbnb 0.31%
Investment Properties for Sale
$329,900
MLS 1415024
Federal Hill
Townhouse
2 beds 2 baths 1,020 sq.ft.
CAP RATE Trad. 3.35% Airbnb 0.31%
Investment Properties for Sale
$729,995
MLS 73522462
Wayland
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 1.11% Airbnb -0.01

Top Providence, RI Neighborhoods - Real Estate Market Analysis

Reservoir
PROPERTY PRICE

$384,500

Median for city
CAP RATE

1.17%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,675

Traditional

$ 1,691

Airbnb

60%

Airbnb occupancy rate
Hartford
PROPERTY PRICE

$384,500

Median for city
CAP RATE

9.10%

Traditional

13.68%

Airbnb
RENTAL INCOME

$ 1,498

Traditional

$ 3,077

Airbnb

58%

Airbnb occupancy rate
Elmwood
PROPERTY PRICE

$384,500

Median for city
CAP RATE

3.36%

Traditional

8.06%

Airbnb
RENTAL INCOME

$ 1,796

Traditional

$ 3,722

Airbnb

57%

Airbnb occupancy rate
Mount Pleasant
PROPERTY PRICE

$384,500

Median for city
CAP RATE

4.07%

Traditional

N/A

Airbnb
RENTAL INCOME

$ 1,564

Traditional

$ 2,969

Airbnb

55%

Airbnb occupancy rate
Washington Park
PROPERTY PRICE

$384,500

Median for city
CAP RATE

4.11%

Traditional

5.78%

Airbnb
RENTAL INCOME

$ 1,636

Traditional

$ 3,366

Airbnb

58%

Airbnb occupancy rate
Lower South Providence
PROPERTY PRICE

$384,500

Median for city
CAP RATE

0.79%

Traditional

3.70%

Airbnb
RENTAL INCOME

$ 1,515

Traditional

$ 3,779

Airbnb

57%

Airbnb occupancy rate
Valley
PROPERTY PRICE

$384,500

Median for city
CAP RATE

4.63%

Traditional

0.56%

Airbnb
RENTAL INCOME

$ 2,249

Traditional

$ 1,760

Airbnb

67%

Airbnb occupancy rate
Charles
PROPERTY PRICE

$384,500

Median for city
CAP RATE

1.67%

Traditional

4.86%

Airbnb
RENTAL INCOME

$ 1,539

Traditional

$ 2,877

Airbnb

55%

Airbnb occupancy rate
Manton
PROPERTY PRICE

$384,500

Median for city
CAP RATE

6.60%

Traditional

5.95%

Airbnb
RENTAL INCOME

$ 1,838

Traditional

$ 3,021

Airbnb

55%

Airbnb occupancy rate
Elmhurst
PROPERTY PRICE

$384,500

Median for city
CAP RATE

1.95%

Traditional

2.75%

Airbnb
RENTAL INCOME

$ 1,826

Traditional

$ 3,058

Airbnb

54%

Airbnb occupancy rate

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Short Term Rentals For Sale

Airbnb Vacation Rentals in Providence, RI

Clean Studio Apartment on Federal Hill, Providence
$74 per night Airbnb occupancy rate 42%
Apartment 1 · 0 · 2
Rental Income: $956 per month
4.82
884
“New England Scholar”-style retreat, walk to Brown
$207 per night Airbnb occupancy rate 55%
Apartment 1 · 0 · 4
Rental Income: $3,450 per month
4.8
797
Quintessential New England loft next to Brown/RISD
$159 per night Airbnb occupancy rate 43%
Apartment 1 · 0 · 4
Rental Income: $2,080 per month
4.78
714
$188 per night Airbnb occupancy rate 33%
Apartment 1 · 0 · 2
Rental Income: $1,896 per month
4.86
688
Clean Studio Apt. #5 on Federal Hill, Providence
$76 per night Airbnb occupancy rate 35%
Apartment 1 · 0 · 2
Rental Income: $798 per month
4.82
688
*THE POLO ROOM* | Stay in Class | Central Location
$199 per night Airbnb occupancy rate 39%
Apartment 2 · 0 · 5
Rental Income: $2,388 per month
4.94
684
Clean Studio Apartment on Federal Hill, Providence
$76 per night Airbnb occupancy rate 45%
Apartment 1 · 0 · 2
Rental Income: $1,032 per month
4.83
660
PVDCoop:  Artsy Cozy, Close, East Side Apt.
$152 per night Airbnb occupancy rate 47%
Apartment 1 · 0 · 4
Rental Income: $2,153 per month
4.89
626

Real Estate Investment Analysis - Other Cities in rhode island

City Name Property price Cash on cash return Rental Income No. of Properties Airbnb Occupancy Rate
Median traditional Airbnb traditional Airbnb
Portsmouth $339,000 2% 1% $3,354 $3,808 341 26%
Warwick $487,000 4% 2% $2,935 $2,980 150 31%
Cranston $499,950 4% 1% $3,193 $1,999 94 29%
East Providence $459,000 4% 1% $2,784 $2,098 87 30%
Pawtucket $497,000 5% 1% $3,109 $1,795 81 33%
View all rhode island cities
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