23 Whitehall Street, Providence, RI 02909
Local realty services provided by:CENTURY 21 North East
Listed by: don martone
Office: bond brokerage
MLS#:1409853
Source:RI_STATEWIDE
Price summary
- Price:$999,000
- Price per sq. ft.:$217.69
About this home
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.
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Home facts
- Year built:1900
- Listing ID #:1409853
- Added:198 day(s) ago
- Updated:October 21, 2026 at 02:03 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
- Full bathrooms:7
- Rooms Total:23
- Flooring:Ceramic Tile, Laminate
- Basement:Yes
- Basement Description:Full, Interior Entry, Unfinished
- Living area:4,589 sq. ft.
Heating and cooling
- Heating:Baseboard, Gas
Structure and exterior
- Year built:1900
- Building area:4,589 sq. ft.
- Lot area:0.12 Acres
- Construction Materials:Vinyl Siding
- Foundation Description:Combination
Utilities
- Water:Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$999,000
- Price per sq. ft.:$217.69
- Tax amount:$12,324 (2025)
Features and amenities
- Amenities:Gas Water Heater
Parking
- Total parking spaces:6
- Parking description:No Garage
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