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$999,000
 $5,363 est/mo Sourced by Back At You

23 Whitehall,Providence, RI 02909

Providence, RI 02909

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Description

Turnkey 7-unit compound with significant upside in a strong Providence rental market. The asset consists of a 6-unit main building featuring (6) one-bed, one-bath units with gas baseboard heat, plus a detached ~989 SF cottage offering a 2-bed, 1-bath layout with electric baseboard heat. Ownership has completed all major capital improvements, including upgraded boilers and hot water systems, minimizing near-term capex. The property is professionally managed and benefits from tenant-paid utilities, creating an efficient and predictable expense structure. Off-street parking adds to tenant appeal and retention. Current gross income is $98,448, with a pro forma of $111,600, driven by below-market rents, presenting a clear and immediate value-add opportunity. This is a stabilized, income-producing asset with operational upside-ideal for investors seeking strong in-place cash flow with the ability to increase yield through rent growth.

Details

MLS #73508855
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1900
Days On Site198
Listing Provided ByBOND BROKERAGE | Donald Martone

Features

Bed(s)8
Bath(s) 7 Total
SQ Feet4,589
BasementY
Story(s)3
Units7
ZoningR3
Acreage0.12

Interior

Rooms Total23
Fireplaces Total0
Fireplace Yes / NoNo
FlooringTile

Exterior

Exterior FeaturesRain Gutters
RoofRubber, Asphalt/Composition Shingles
Construction MaterialsFrame
Foundation DetailsBlock, Stone
Lot FeaturesSloped

Parking

Garage Yes / NoNo
Parking FeaturesOff Street, Tandem, Common

Utilities

SewerPublic Sewer
ElectricCircuit Breakers, 150 Amp Service, Individually Metered

Taxes

Tax Annual Amount12324
Tax Assessed Value474000
Tax Lot278
Tax Year2025
Tax Map Number105

Location

Community FeaturesPublic Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
Senior Community Yes / NoNo

Area Information

StateRI
CountyProvidence
CityProvidence
Zip Code02909
AreaProvidence
Listing VS Median (in 02909)
Price:
$999,000
low | high
Med:
$729,900
76.936936936937% of Average
sqft:
4,589
low | high
Med:
2,400
97.701024188276% of Average
$ / sqft:
$218
low | high
Med:
$304
10.297334834835% of Average
On site:
198
low | high
Med:
56
100% of Average
Sourced by Back At You

Market Activity 02909

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Learn More About This Property

Betsy Doolan

Betsy Doolan

HK Realty

009993 (603) 234-8264betsy.doolan@h-krealty.com
StateRI
CountyProvidence
CityProvidence
Zip Code02909
AreaProvidence
Listing VS Median (in 02909)
Price:
$999,000
low | high
Med:
$729,900
76.936936936937% of Average
sqft:
4,589
low | high
Med:
2,400
97.701024188276% of Average
$ / sqft:
$218
low | high
Med:
$304
10.297334834835% of Average
On site:
198
low | high
Med:
56
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 8:00:07 AM PDT

Betsy Doolan - HK Realty