23 Whitehall Street, Providence, RI 02909
- $999,000
- 8
- BD
- 7
- BA
- List Price
- $999,000
- Status
- ACTIVE
- MLS#
- 1409853
- Year Built
- 1900
- Style
- Stacked, Side By Side
- Bedrooms
- 8
- Bathrooms
- 7
- Acres
- 0.12
Property 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.
Additional Information
- Taxes
- $12,324
- Lot Size
- 5,227
- Flooring
- Ceramic Tile, Laminate, Other
- Heating
- Baseboard, Gas, Other
- Cooling System Type
- None
- Sewer
- Connected
- Water Source
- Connected
- Appliances
- Gas Water Heater
- Basement
- Full, Interior Entry, Unfinished
- Parking Spaces
- 6
Mortgage Calculator
Listing courtesy of Bond Brokerage. Contact:
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed. © 2026 State-Wide Multiple Listing Service. All rights reserved. Data Last Updated: