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    124 Pitman St Providence, RI 02906

    For Sale
    $975,000

    Commercial - Providence, RI

    Days on Market:
    47
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 124 Pitman St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R3
    Parking
    6
    Exterior features
    Urban

    Utilities

    Heating system
    Steam

    Building Details

    Year built
    1900
    Architectural style
    Other

    Residential Properties Ltd. (401) 439-7705 [email protected]

    Listing agent Umid Khaitov (401) 274-6740

    Listing date Oct 20, 2025

    MLS# 1395715 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Side Multifamily Investment Opportunity

    Located on the East Side, between the shops and cafes of Thayer Street and Wayland Square, this multifamily property presents an opportunity for investors or owner-occupants. The historic home includes two 1-bedroom units and three studios, each with one bath. The location provides access to theater, restaurants, sporting events, and the train to Boston. Local parks, scenic Blackstone Boulevard, Brown University, RISD, and Downtown Providence are nearby. The property is zoned R3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.387989
    Latitude
    41.826966

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in a desirable East Side location.
    Where is this apartment building located?
    The property is located at 124 Pitman St Providence, RI.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: - In-demand East Side location between Thayer Street and Wayland Square shops and cafes.; - Income-generating multi-family property featuring two 1-bedroom units and three studios.; - Ideal city lifestyle close to theater, restaurants, sporting events, and train to Boston.
    (401) 274-6740
    Request Owner's contact information
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    Providence, RI 02906
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    124 Pitman St Providence, RI 02906
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