23 Whitehall Street, Providence
23 Whitehall Street, Providence
23 Whitehall Street, Providence
23 Whitehall Street, Providence
23 Whitehall Street, Providence
23 Whitehall Street, Providence
23 Whitehall Street, Providence
23 Whitehall Street, Providence

23 Whitehall Street Providence

$999,000
8 7 4,589 sq ft

Map View Street View

The Property

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.

Read more

Listing Details

MLS Number

1409853

Lot Size:

0.12 acres

Features

  • Basement: Full, Interior Only, Unfinished, Utility
  • Bus
  • Commuter Bus
  • Golf
  • Highway Access
  • Hospital
  • Interstate
  • Private School
  • Public School
  • Railroad
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Heating: Natural Gas, Baseboard, Gas Connected, Other
  • Heating Fuel: Natural Gas, Baseboard, Gas Connected, Other
  • Laundry
  • Year Built: 1900

See more features

View More Photos

Market Trends for Single Family Homes
in Providence

  • Overview
    Homes for Sale Today260-92.8% decrease in inventory
    New on Market *19340.9% increase in new listings
    Avg. Asking Price/Sq.Ft. *$355.42$26 increase in List Price/Sq.Ft.
    Avg. Sale Price *$660,187$66,105 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *1221.79%1130.9% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$322.76$29 decrease in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *758 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Bond Brokerage

Similar Listings

193 Clarence Street

Providence

$759,000
4 2 2,498 sq ft
Save to my properties

283 Waldo Street

Providence

$925,000
9 3 4,600 sq ft
Save to my properties

162 Se Eastwood Avenue

Providence

$699,900
6 2 2,116 sq ft
Save to my properties

Exclusively From Us To You

We invite you to join our exquisite collection of properties, latest news and events.

Thank you for subscribing!