139 Julian St, Providence, RI 02909

This multifamily portfolio features properties at 139 Julian Street and 41 Yale Avenue in Providence, Rhode Island. The 139 Julian Street property includes four or five one-bedroom, one-bathroom apartments, appealing to both long-term renters and potential owner-occupants. A three-car garage provides secure off-street parking. The 41 Yale Avenue property is a turnkey six-unit building on a corner lot, featuring fully finished one-bedroom, one-bathroom apartments ready for immediate leasing or continued income generation. The portfolio offers investors income-generating assets with low operational risk, strong historical rent growth, and significant upside potential. Providence’s multifamily market has outperformed national averages, driven by a structural imbalance between supply and demand. The city’s population continues to expand, supported by its large student base, young workforce, and increasing in-migration. This has led to sustained renter growth, high occupancy rates, and upward pressure on rents. Olneyville is a high-yield submarket, offering relatively affordable rents while providing access to jobs, transit, and amenities. The neighborhood benefits from access to Downtown Providence, Interstate 95, Hartford Avenue, and major bus routes, ensuring commutes to employment centers, higher education institutions, and retail destinations. Olneyville has become one of the city’s urban neighborhoods, featuring historic housing stock, walkable streets, and redevelopment activity. With limited new multifamily construction entering the market, existing stabilized properties are well-positioned to capture ongoing renter demand and benefit from reduced competition.