$479,000
About this home
Located in Silver Lake, a well-established neighborhood on the western edge of Providence, RI, it is home to numerous local favorites. The 5-unit retail rental property is situated on a corner lot with a local park right across the street. Fully rented, this 2500+ sq ft. investment property yields a solid 7.09% cap rate. With a population density of 15K+ per square mile, retailers have plenty of reason to establish and operate their businesses.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
- Real estate (PITI + HOA + PMI)
- $4,549
- Utilities
- $2,332
- Transportation
- $170
- Other (entertainment)
- $140
Quick facts
Home features
Lot features
Downtown
Neighborhood — 02909
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 51,879 | 1,095,423 | 299,088,112 |
| Population Change Since1990 | 23.00% | 9.00% | 20.00% |
| Population Density | 14,793 | 994 | — |
| Male | 25,302 | 529,266 | 147,432,321 |
| Female | 26,576 | 566,157 | 151,655,844 |
| Never Married | 16,308 | 266,404 | 63,775,926 |
| Married | 13,033 | 435,678 | 123,120,365 |
| Separated | 3,257 | 43,642 | 12,639,686 |
| Widowed | 2,457 | 66,668 | 15,467,586 |
| Divorced | 3,858 | 83,843 | 23,075,029 |
| Number Of House Hold | 18,418 | 410,399 | 111,826,380 |
| Average House Hold Size | 2.76 | 2.56 | 2.60 |
| Medial Age | 28.34 | 37.27 | 35.46 |
| Median House Hold Income | $26,191 | $47,553 | $48,276 |
| Average House Hold Income | $37,193 | $61,609 | $63,629 |
| P C I | $13,721 | $23,965 | $24,529 |
| M D I | $23,935 | $40,634 | $41,133 |
| A T H E | $36,127 | $49,940 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 75.63% | 78.02% | 77.74% |
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 1/19/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.