PROVIDENCE Investment Analysis

Investment Property in PROVIDENCE, RI

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PROVIDENCE, RI Real Estate Investment Performance

PROPERTY SALE PRICE

$564,708

Median

2,387

Avg/Sq.ft.
CASH ON CASH RETURN

3.00%

Traditional

1.00%

Airbnb
NUMBER OF PROPERTIES

684

Investment

1,597

Airbnb

276

Traditional

29%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

270

Number of homes sold

40

Median days on market

100%

Average sale-to-list price ratio

15%

Percentage of listings with price drops

684

Active listings count

455

New listings count

3.2

Months of supply

PROVIDENCE, RI Properties Rental Prices

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Investment Properties 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 7.93%
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 7.60%
Investment Properties for Sale
$189,000
MLS 1404264
Wanskuck
Single Family Residential
3 beds 1 baths 1,036 sq.ft.
CAP RATE Trad. 9.70% Airbnb 6.65%
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 6.55%
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 5.56%
Investment Properties for Sale
$399,900
MLS 1414003
Washington Park
Single Family Residential
6 beds 3 baths 2,154 sq.ft.
CAP RATE Trad. 7.72% Airbnb 5.44%
Investment Properties for Sale
$439,900
MLS 1413415
Hartford
Single Family Residential
6 beds 2 baths 1,509 sq.ft.
CAP RATE Trad. 5.46% Airbnb 5.28%
Investment Properties for Sale
$370,000
MLS 1410342
Washington Park
Single Family Residential
4 beds 2 baths 1,374 sq.ft.
CAP RATE Trad. 5.86% Airbnb 5.10%

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 7.93%
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 7.60%
Investment Properties for Sale
$189,000
MLS 1404264
Wanskuck
Single Family Residential
3 beds 1 baths 1,036 sq.ft.
CAP RATE Trad. 9.70% Airbnb 6.65%
Investment Properties for Sale
$399,900
MLS 1414003
Washington Park
Single Family Residential
6 beds 3 baths 2,154 sq.ft.
CAP RATE Trad. 7.72% Airbnb 5.44%
Investment Properties for Sale
$439,900
MLS 1413415
Hartford
Single Family Residential
6 beds 2 baths 1,509 sq.ft.
CAP RATE Trad. 5.46% Airbnb 5.28%
Investment Properties for Sale
$370,000
MLS 1410342
Washington Park
Single Family Residential
4 beds 2 baths 1,374 sq.ft.
CAP RATE Trad. 5.86% Airbnb 5.10%
Investment Properties for Sale
$410,000
MLS 1412256
Washington Park
Single Family Residential
4 beds 2 baths 1,603 sq.ft.
CAP RATE Trad. 6.88% Airbnb 4.60%
Investment Properties for Sale
$395,000
MLS 1406301
Lower South Providence
Single Family Residential
5 beds 3 baths 1,965 sq.ft.
CAP RATE Trad. 6.60% Airbnb 4.27%

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 6.55%
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 5.56%
Investment Properties for Sale
$550,000
MLS 1415067
Wanskuck
Multi Family
4 beds 2 baths 2,242 sq.ft.
CAP RATE Trad. 5.48% Airbnb 4.64%
Investment Properties for Sale
$575,000
MLS 1405871
Olneyville
Multi Family
5 beds 3 baths 1,872 sq.ft.
CAP RATE Trad. 5.58% Airbnb 4.03%
Investment Properties for Sale
$524,900
MLS 1415125
Olneyville
Multi Family
4 beds 2 baths 1,250 sq.ft.
CAP RATE Trad. 3.08% Airbnb 4.00%
Investment Properties for Sale
$635,000
MLS 1416315
Olneyville
Multi Family
7 beds 4 baths 3,049 sq.ft.
CAP RATE Trad. 5.80% Airbnb 3.90%
Investment Properties for Sale
$699,900
MLS 1415488
Olneyville
Multi Family
6 beds 4 baths 2,100 sq.ft.
CAP RATE Trad. 5.38% Airbnb 3.70%
Investment Properties for Sale
$660,000
MLS 1405040
Silverlake
Multi Family
8 beds 3 baths 3,182 sq.ft.
CAP RATE Trad. 4.97% Airbnb 3.68%

Condos for Sale in PROVIDENCE, RI

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 4.80%
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 3.72%
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 3.38%
Investment Properties for Sale
$389,900
MLS 1308531
Charles
Condo/Coop
4 beds 3 baths 3,221 sq.ft.
CAP RATE Trad. 11.54% Airbnb 3.34%
Investment Properties for Sale
$279,000
MLS 1393848
Smith Hill
Condo/Coop
3 beds 2 baths 1,872 sq.ft.
CAP RATE Trad. 10.11% Airbnb 3.13%
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 2.38%
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 2.28%
Investment Properties for Sale
$189,000
MLS 1408762
Elmwood
Condo/Coop
2 beds 1 baths 800 sq.ft.
CAP RATE Trad. 7.15% Airbnb 1.87%

Townhouses for Sale in PROVIDENCE, RI

Investment Properties for Sale
$249,900
MLS 1412769
Federal Hill
Townhouse
2 beds 2 baths 600 sq.ft.
CAP RATE Trad. 5.40% Airbnb 1.67%
Investment Properties for Sale
$850,000
MLS 1414906
Wayland
Townhouse
3 beds 3 baths 1,905 sq.ft.
CAP RATE Trad. 2.23% Airbnb 1.55%
Investment Properties for Sale
$750,020
MLS 30CC7690626B
Wayland
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 1.99% Airbnb 1.35%
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 1.33%
Investment Properties for Sale
$775,020
MLS B0304E903031
Wayland
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 1.56% Airbnb 1.22%
Investment Properties for Sale
$429,900
MLS 1414985
Federal Hill
Townhouse
2 beds 2 baths 1,320 sq.ft.
CAP RATE Trad. 3.38% Airbnb 0.54%
Investment Properties for Sale
$239,999
MLS 1415005
Silverlake
Townhouse
2 beds 2 baths 1,008 sq.ft.
CAP RATE Trad. 5.84% Airbnb 0.46%
Investment Properties for Sale
$749,995
MLS 73522462
Wayland
Townhouse
3 beds 2 baths 2,300 sq.ft.
CAP RATE Trad. 1.01% Airbnb 0.37%

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Airbnb Vacation Rentals in PROVIDENCE, RI

“New England Scholar” style retreat in Providence!
$205 per night Airbnb occupancy rate 52%
Apartment 1 · 1 · 4
Rental Income: $3,263 per month
4.8
775
Quintessential New England loft next to Brown/RISD
$152 per night Airbnb occupancy rate 45%
Apartment 1 · 1 · 4
Rental Income: $2,090 per month
4.78
693
Clean Studio Apartment on Federal Hill, Providence
$81 per night Airbnb occupancy rate 41%
Apartment 1 · 1 · 2
Rental Income: $1,006 per month
4.83
641
**Bright, Clean and Stylish. Minutes to Downtown**
$182 per night Airbnb occupancy rate 50%
Apartment 2 · 0 · 5
Rental Income: $2,760 per month
4.9
606
Downtown Condo
$149 per night Airbnb occupancy rate 60%
Condominium 1 · 1 · 4
Rental Income: $2,719 per month
4.91
602
Cozy loft in Providence
$127 per night Airbnb occupancy rate 25%
Loft 1 · 1 · 2
Rental Income: $974 per month
4.81
600
Spotless Federal Hill flat in a Victorian Mansion
$146 per night Airbnb occupancy rate 53%
Apartment 1 · 0 · 2
Rental Income: $2,336 per month
4.91
544
Great Apartment in East Providence
$133 per night Airbnb occupancy rate 47%
Apartment 2 · 1 · 4
Rental Income: $1,884 per month
4.89
514

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
Providence $579,450 3% 1% $3,262 $2,036 460 29%
Warwick $489,500 4% 2% $2,969 $2,735 150 32%
Cranston $499,950 4% 1% $3,193 $1,999 100 29%
North Providence $419,000 4% 1% $2,609 $2,049 81 29%
Pawtucket $498,000 5% 1% $3,162 $1,795 78 33%
East Providence $454,900 4% 1% $2,923 $1,927 73 30%
Coventry $499,950 4% 2% $3,199 $1,045 64 24%
View all rhode island cities
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