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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.

More Info

Basic Information

  • Gross Income $111,600
  • Lot Features Sloped
  • Mls StatusActive
  • Parcel Number 592345
  • Road Frontage DescriptionPaved

Tax Information

  • Tax Assessed Value $474,000
  • Tax Year 2025
  • Taxes$12,324

Parking

  • Parking Features Off Street, Tandem, Common
  • Parking Spaces4

Rooms

  • Bathroom7
  • Bathrooms Total Decimal 7
  • Bedrooms8
  • Full Bath7

Basic Information

  • List Price$999,000
  • MLS Number73508855
  • Modification Date05/02/2026
  • Property SubType5-9 Family

Location

  • Address23 Whitehall
  • Building Number23
  • CountyProvidence
  • StateRI
  • StreetWhitehall
  • TownProvidence
  • Zip02909

Building

  • BasementFull, Interior Entry, Unfinished
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationBlock, Stone
  • Levels 3
  • Rooms23
  • Stories3
  • Units7
  • Year Built1900
  • Year Built Details Approximate
  • Year Built Source Public Records

Property

  • Acreage0.12

Interior

  • Flooring Tile

Exterior

  • Exterior Features Rain Gutters
  • RoofRubber, Asphalt/Composition Shingles

Utilities

  • Electric Circuit Breakers,150 Amp Service, Individually Metered
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,589
  • Lot Size Square Feet 5,227
  • Lot Size Units Acres
  • Square Feet4,589

Amenities

  • Amenities
    • Highway Access
    • House of Worship
    • Laundromat
    • Medical Facility
    • Park
    • Private School
    • Public School
    • Public Transportation
    • Shopping
    • Sidewalks
    • T-Station
  • Other AmenitiesBasement

Legal

  • ZoningR3

Other

  • Date Listed04/29/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by Donald Martone of BOND BROKERAGE

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