What do triple-deckers rent for in Providence?

Rents for triple-decker units in Providence vary widely by neighborhood, unit size, and condition, so any single number is only an estimate. As a general picture, individual floor-through units in a Providence three-family commonly rent in a range that depends heavily on bedroom count and location. A renovated three-bedroom unit near a desirable area or close to the colleges tends to command more than a dated unit in a quieter neighborhood, and the spread between the two can be significant. The honest answer is that you should never rely on a rule-of-thumb rent when you are underwriting a purchase. Pull real, current comparables for the specific street and unit size you are considering, ideally from active listings and recent leases in that exact neighborhood. Providence rents have moved a lot in recent years, and what a unit rented for two years ago may not reflect today. A few things that push Providence triple-decker rents up or down. Location matters, with proximity to Brown, RISD, downtown, and transit generally supporting higher rents. Condition matters, since updated kitchens, in-unit laundry, and off-street parking all add value. Utilities matter too, because whether heat and hot water are included changes the effective rent and your expenses as the owner. Keep in mind that gross rent is not profit. Rhode Island property taxes are relatively high and vary by city, and older triple-deckers carry real maintenance costs, insurance, and vacancy risk. So a strong rent roll can still produce thin cash flow if the carrying costs are heavy. If you are weighing a specific Providence three-family, the right move is to gather actual unit-level rent comps and run them against the full expense picture. Drop the numbers into the cash-flow calculator to see what the property actually nets, and contact David for current neighborhood-level rent data and listings that fit your budget.