PROVIDENCE Investment Analysis

Investment Property in PROVIDENCE, RI

Home Investment Performance Rent Prices Top Properties Insights

PROVIDENCE, RI Real Estate Investment Performance

PROPERTY SALE PRICE

$ 550,000

Median

2,143

Avg/Sq.ft.

CASH ON CASH RETURN

4.00%

Traditional

1.00%

Airbnb

RENTAL INCOME

$ 3,362

Traditional

$ 1,862

Airbnb

RENTAL INCOME

$ 3,362

Traditional

$ 1,862

Airbnb

NUMBER OF PROPERTIES

379

Investment

3,903

Airbnb

346

Traditional

32%

Airbnb occupancy rate

PROVIDENCE, RI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,345	$ 1,509	$ 1,862	$ 2,727
Traditional	$ 1,473	$ 2,005	$ 2,488	$ 3,041

Airbnb

1 ROOM	$ 1,345
2 ROOMS	$ 1,509
3 ROOMS	$ 1,862
4 ROOMS	$ 2,727

Traditional

1 ROOM	$ 1,473
2 ROOMS	$ 2,005
3 ROOMS	$ 2,488
4 ROOMS	$ 3,041

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Investment Properties for Sale in PROVIDENCE, RI

$120,000

MLS 1391761

42 Derry St, Providence, RI 02908

Smith Hill

Other

N/A beds N/A baths N/A sq.ft.

CAP RATE Trad. 8.62% Airbnb 6.71%

Analyze Property

$349,000

MLS 1401621

649 Public Street, Providence, RI 02907

Elmwood

Single Family Residential

5 beds 2 baths 2,133 sq.ft.

CAP RATE Trad. 8.89% Airbnb 6.37%

Analyze Property

$450,000

MLS 1400269

52 Bowdoin Street, Providence, RI 02909

Olneyville

Other

6 beds 3 baths N/A sq.ft.

CAP RATE Trad. 6.05% Airbnb 5.69%

Analyze Property

$450,000

MLS 1386885

5 Peter Street, Providence, RI 02904

Charles

Other

6 beds 3 baths N/A sq.ft.

CAP RATE Trad. 7.17% Airbnb 5.13%

Analyze Property

$549,900

MLS 1399888

149 Pomona Avenue, Providence, RI 02908

Olneyville

Condo/Coop

6 beds 2 baths N/A sq.ft.

CAP RATE Trad. 4.68% Airbnb 4.95%

Analyze Property

$496,000

MLS 1400373

185 Lippitt Street, Providence, RI 02906

College Hill

Single Family Residential

3 beds 2 baths 2,175 sq.ft.

CAP RATE Trad. 3.20% Airbnb 4.86%

Analyze Property

$469,900

MLS 1398689

26 Wallace Street, Providence, RI 02909

Silverlake

Other

6 beds 3 baths N/A sq.ft.

CAP RATE Trad. 7.18% Airbnb 4.81%

Analyze Property

$565,000

MLS 1399579

755 Atwells Avenue, Providence, RI 02909

Olneyville

Other

9 beds 3 baths N/A sq.ft.

CAP RATE Trad. 5.61% Airbnb 4.67%

Analyze Property

Single Family Houses for Sale in PROVIDENCE, RI

$349,000

MLS 1401621

649 Public Street, Providence, RI 02907

Elmwood

Single Family Residential

5 beds 2 baths 2,133 sq.ft.

CAP RATE Trad. 8.89% Airbnb 6.37%

Analyze Property

$496,000

MLS 1400373

185 Lippitt Street, Providence, RI 02906

College Hill

Single Family Residential

3 beds 2 baths 2,175 sq.ft.

CAP RATE Trad. 3.20% Airbnb 4.86%

Analyze Property

$470,000

MLS 1395917

454 Union Avenue, Providence, RI 02909

Silverlake

Single Family Residential

4 beds 3 baths 2,100 sq.ft.

CAP RATE Trad. 5.71% Airbnb 3.60%

Analyze Property

$469,000

MLS 1395909

115 Ohio Ave, Providence, RI 02905

Washington Park

Single Family Residential

6 beds 2 baths 2,435 sq.ft.

CAP RATE Trad. 5.44% Airbnb 3.32%

Analyze Property

$300,000

MLS 1395655

208 California Ave, Providence, RI 02905

Washington Park

Single Family Residential

4 beds 1 baths 2,352 sq.ft.

CAP RATE Trad. 6.64% Airbnb 3.21%

Analyze Property

$295,000

MLS 1399127

79 Priscilla Avenue, Providence, RI 02909

Silverlake

Single Family Residential

3 beds 1 baths 1,479 sq.ft.

CAP RATE Trad. 7.80% Airbnb 3.20%

Analyze Property

$395,000

MLS 1394225

39 Hillview Avenue, Providence, RI 02908

Elmhurst

Single Family Residential

4 beds 2 baths 1,975 sq.ft.

CAP RATE Trad. 5.68% Airbnb 3.04%

Analyze Property

$344,900

MLS 1390988

30 Rosedale Street, Providence, RI 02909

West End

Single Family Residential

4 beds 2 baths 1,904 sq.ft.

CAP RATE Trad. 6.48% Airbnb 2.89%

Analyze Property

Multi Family Houses for sale in PROVIDENCE, RI

$399,000

MLS 1400894

49 Veazie Street, Providence, RI 02908

Wanskuck

Multi Family

4 beds 2 baths 2,340 sq.ft.

CAP RATE Trad. 6.61% Airbnb 4.04%

Analyze Property

$425,000

MLS 1400938

190 192 Manton Ave, Providence, RI 02909

Olneyville

Multi Family

6 beds 2 baths 2,048 sq.ft.

CAP RATE Trad. 5.54% Airbnb 3.99%

Analyze Property

$429,000

MLS 1401053

45 R Yale Ave, Providence, RI 02908

Olneyville

Multi Family

4 beds 2 baths 2,016 sq.ft.

CAP RATE Trad. 5.13% Airbnb 3.93%

Analyze Property

$500,000

MLS 1399677

17 Alma Street, Providence, RI 02908

Smith Hill

Multi Family

9 beds 3 baths 2,040 sq.ft.

CAP RATE Trad. 5.03% Airbnb 2.78%

Analyze Property

$479,999

MLS 1394964

123 Yorkshire Street, Providence, RI 02908

Charles

Multi Family

4 beds 2 baths 1,700 sq.ft.

CAP RATE Trad. 5.47% Airbnb 1.93%

Analyze Property

$739,000

MLS 1400895

0 Russo St, Providence, RI 02904

Charles

Multi Family

8 beds 4 baths 4,290 sq.ft.

CAP RATE Trad. 4.87% Airbnb 1.86%

Analyze Property

$665,000

MLS 1399686

508 Chalkstone Avenue, Providence, RI 02908

Smith Hill

Multi Family

12 beds 3 baths 2,818 sq.ft.

CAP RATE Trad. 3.89% Airbnb 1.62%

Analyze Property

$510,000

MLS 1400509

271 Althea St, Providence, RI 02909

West End

Multi Family

6 beds 2 baths 3,380 sq.ft.

CAP RATE Trad. 4.40% Airbnb 1.55%

Analyze Property

Condos for Sale in PROVIDENCE, RI

$549,900

MLS 1399888

149 Pomona Avenue, Providence, RI 02908

Olneyville

Condo/Coop

6 beds 2 baths N/A sq.ft.

CAP RATE Trad. 4.68% Airbnb 4.95%

Analyze Property

$420,000

MLS 73445718

178 Bowen Street #6, Providence, RI 02906

College Hill

Condo/Coop

3 beds 1 baths 1,015 sq.ft.

CAP RATE Trad. 2.40% Airbnb 4.59%

Analyze Property

$550,000

MLS 1400887

100 Opper Street, Providence, RI 02904

Charles

Condo/Coop

6 beds 3 baths N/A sq.ft.

CAP RATE Trad. 5.87% Airbnb 4.39%

Analyze Property

$450,000

MLS 73445717

178 Bowen Street #7, Providence, RI 02906

College Hill

Condo/Coop

3 beds 1 baths 1,100 sq.ft.

CAP RATE Trad. 2.30% Airbnb 4.29%

Analyze Property

$640,000

MLS 1396542

299 Manton Avenue, Providence, RI 02909

Olneyville

Condo/Coop

9 beds 3 baths N/A sq.ft.

CAP RATE Trad. 4.71% Airbnb 3.95%

Analyze Property

$479,000

MLS 1391782

246 Sackett Street, Providence, RI 02907

Reservoir

Condo/Coop

9 beds 4 baths N/A sq.ft.

CAP RATE Trad. 8.57% Airbnb 3.81%

Analyze Property

$679,900

MLS 1388924

19 Dora Street, Providence, RI 02909

Silverlake

Condo/Coop

7 beds 3 baths N/A sq.ft.

CAP RATE Trad. 4.64% Airbnb 3.11%

Analyze Property

$350,000

MLS 1400871

73 Wainwright Street, Providence, RI 02908

Wanskuck

Condo/Coop

4 beds 2 baths N/A sq.ft.

CAP RATE Trad. 8.18% Airbnb 3.13%

Analyze Property

Townhouses for Sale in PROVIDENCE, RI

$195,000

MLS 73459871

444 Woodward Rd #32, Providence, RI 02904

Wanskuck

Townhouse

1 beds 1 baths 875 sq.ft.

CAP RATE Trad. 3.94% Airbnb 1.01%

Analyze Property

$747,555

MLS C491BAA32DD3

38 E Point Dr E, Providence, RI 02916

Wayland

Townhouse

3 beds 2 baths 2,300 sq.ft.

CAP RATE Trad. 1.95% Airbnb -0.36

Analyze Property

$760,075

MLS F547BB107818

32 E Point Dr E, Providence, RI 02916

Wayland

Townhouse

3 beds 2 baths 2,300 sq.ft.

CAP RATE Trad. 1.87% Airbnb -0.40

Analyze Property

$772,685

MLS 6D7C1977580F

34 E Point Dr E, Providence, RI 02916

Wayland

Townhouse

3 beds 2 baths 2,300 sq.ft.

CAP RATE Trad. 1.80% Airbnb -0.44

Analyze Property

Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale

Airbnb Vacation Rentals in PROVIDENCE, RI

$75 per night Airbnb occupancy rate 79%

Apartment 1 · 1 · 2

Clean Studio Apartment on Federal Hill, Providence Providence, Rhode Island, United States

Rental Income: $1,800 per month

4.81

775

$183 per night Airbnb occupancy rate 71%

Apartment 1 · 1 · 4

“New England Scholar” style retreat in Providence! Providence, Rhode Island, United States

Rental Income: $3,950 per month

4.8

750

$157 per night Airbnb occupancy rate 58%

Apartment 1 · 1 · 4

Quintessential New England loft next to Brown/RISD Providence, Rhode Island, United States

Rental Income: $2,748 per month

4.78

674

$111 per night Airbnb occupancy rate 87%

Apartment 1 · 1 · 2

Delightful Guest Suite in Historic Neighborhood Providence, Rhode Island, United States

Rental Income: $2,932 per month

4.98

629

$146 per night Airbnb occupancy rate 48%

Apartment 1 · 1 · 2

Providence, Rhode Island, United States

Rental Income: $2,117 per month

4.87

626

N/A Airbnb occupancy rate 57%

Loft 1 · 1 · 2

Cozy loft in Providence Providence, Rhode Island, United States

Rental Income: N/A per month

4.82

599

$174 per night Airbnb occupancy rate 48%

Apartment 2 · 1 · 5

*THE POLO ROOM* | Stay in Class | Central Location Providence, Rhode Island, United States

Rental Income: $2,538 per month

4.93

597

$73 per night Airbnb occupancy rate 72%

Apartment 1 · 1 · 2

Clean Studio Apt. #5 on Federal Hill, Providence Providence, Rhode Island, United States

Rental Income: $1,606 per month

4.82

596

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
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Providence	$550,000	4%	1%	$3,362	$1,862	379	32%
Warwick	$437,000	5%	2%	$2,836	$2,424	144	36%
Cranston	$499,900	4%	1%	$3,038	$1,699	99	31%
Pawtucket	$439,901	5%	1%	$2,778	$1,734	86	36%
Coventry	$499,900	5%	1%	$2,971	$2,882	67	36%
Newport	$1,247,000	1%	1%	$3,651	$3,531	62	32%
East Providence	$449,500	5%	1%	$2,797	$1,699	50	32%
East Greenwich	$529,900	2%	1%	$2,955	$1,973	49	35%
Westerly	$672,000	4%	3%	$3,417	$3,611	42	33%
Portsmouth	$725,000	2%	1%	$3,380	$3,929	41	32%

View all rhode island cities

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$ 550,000

Median

2,143

Avg/Sq.ft.

4.00%

Traditional

1.00%

Airbnb

$ 3,362

Traditional

$ 1,862

Airbnb

$ 3,362

Traditional

$ 1,862

Airbnb

379

Investment

3,903

Airbnb

346

Traditional

32%

Airbnb occupancy rate

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