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23 Whitehall

Providence, RI 02909
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Bed 8

Bed

Bath 7

Bath

SqFt4,589

Sqft

Acres0.12

Acre(Lot)

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-produci ng asset with operational upside—ideal for investors seeking strong in-place cash flow with the ability to increase yield through rent growth.

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Detail Ic Property Details

Property Type : Residential Income

Price : $999,000

AD Id : 77801737

MLS Id : 73508855

Beds : 8

Lot Size : 0.12 Acre

Living Area Size : 4,589

Year Built : 1900

County : Providence

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Feature Features

  • Bathroom Information

    Total Baths: 7 Full Baths: 7

    Room Information

    Total Bedroom: 8
  • Flooring Information

    Tile
  • Roofing Information

    Rubber, Asphalt/Composition Shingles
  • Interior Features

    Roof: Rubber, Asphalt/Composition Shingles
  • Heating & Cooling

    WaterSource: Public

  • Building Information

    Year Built: 1900 Construction Materials: Frame Basement: Full, Interior Entry, Unfinished
  • Exterior Features

    Rain Gutters
    Foundation Details: Block, Stone
  • Road Types

    Paved

  • Lot Information

    Lot Description: Sloped Lot Size Area: 0.12 Lot Size Units: Acres Lot Square Feet: 5,227 Lot Acres: 0.12 Stories: 3 Main Square Feet: 0.12

    Property Information

    Property Type: Residential Income Sub Type: 5-9 FamilySQ ft (Living Area): 4,589

  • Listing Price Information

    Original Listing Price: $999000

  • Tax Information

    Tax Lot: 278 Parcel Number: 592345 Annual Tax: $12324

  • Parking Information

    Parking Total: 4 Off Street, Tandem, Common

  • Location Information

    Direction: Take I-95 to Broad St exit, follow to Whitehall St, 23 Whitehall St Providence.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
36 Duxbury St, Providence, RI, 02909 $689,900 4 4 3,650 3,650 SqFt

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ByOwner last updated this listing 06/27/2026 @ 08:22

MLS: 73508855 LISTED BY: Donald Martone, BOND BROKERAGE 401-533-1021 SOURCE: MLS Property Information Network

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