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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$999,000

Est. payment - /mo

8 Beds

7 Baths

4,589 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,589 sqft

Price per Sqft $217

MLS Listing ID 1409853

Style Stacked,Side By Side

Bedrooms 8

Full Baths 7

HOA Y/N No

Abv Grd Liv Area 4,589

Year Built 1900

Annual Tax Amount $12,324

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Multi Family

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.

Location

State RI

County Providence

Zoning R3

Rooms

Basement Full, Interior Entry, Unfinished

Interior

Heating Baseboard, Gas, Other

Cooling None

Flooring Ceramic Tile, Laminate, Other

Inclusions 21-23 Whitehall Street Providence, RI 02909 - This property is under a RUBS system, the tenants pay for all utilities (gas, electric, water, sewer, and trash). Property Management Company receives the bills and charges the residents using an allocation formula. The addendums are included in each lease.

Fireplace No

Appliance Gas Water Heater

Exterior

Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping

Utilities Available Sewer Connected

Total Parking Spaces 6

Garage No

Building

Foundation Combination

Sewer Connected

Water Connected

Architectural Style Stacked, Side By Side

Structure Type Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 23WHITEHALLSTPROV

Virtual Tour https://tour.RiLiving.com/23-Whitehall-Street-Providence-RI-02909

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Nearby School & Business

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Sheena Ruggirello

+1(860) 222-4734

Agent License ID: CN234452

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23 Whitehall ST Providence, RI 02909

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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