Two-Building Multifamily
For Sale
Contact for pricing
Pending
7-11 Pitman St, Providence, RI 02906
Two buildings with six total units, including five four-bedroom units and one five-bedroom, two-bath townhouse.
Property SizeContact for details
Days on Market121
Property Features for 7-11 Pitman St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Additional Details
Cap Rate
7%
Multifamily Units
6
Building Details
Year Renovated
2017
Tenancy
Multi
Listing Agency:
Keller Williams Realty Of Cent
(401) 261-8747
Listed By:
Jose Diaz · License #RES.0035354
Source:
Crexi
Added: Apr 11
Changed: Jul 20
Last Checked: Aug 8 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Of Cent
Investment Insights
Based on property information with market context.
This sale includes two multifamily buildings offered together for a total of six units. The unit mix consists of five four-bedroom, one-bath units and one five-bedroom, two-bath spacious townhouse located on the third floor. Each unit was updated in 2017, including remodeled stainless steel kitchens and updated baths.
The properties are positioned on the East Side of Providence and are described as 100% occupied with a strong rental history. The offering includes off-street parking and two washer/dryers in each building, supporting convenient in-building laundry access for residents. The seller also references a gross income of approximately $217,000 annually and a yield based on a stated 7% cap rate.
The properties are positioned on the East Side of Providence and are described as 100% occupied with a strong rental history. The offering includes off-street parking and two washer/dryers in each building, supporting convenient in-building laundry access for residents. The seller also references a gross income of approximately $217,000 annually and a yield based on a stated 7% cap rate.
Key Highlights
- Two buildings sold together with 6 total units: five 4 bed/1 bath units and one 5 bed/2 bath third‑floor townhouse.
- Reported 7% cap rate with gross income of approximately $217,000 annually.
- 100% occupied with a documented rental history.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 02906, RI
25,559
Population
13,468
Households
1.9
Avg Household Size
35
Median Age
80%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
8,245
Density / Sq Mi
$102,796
Median Household Income
$57,214
Median Earnings
$1,729
Median Rent
$582,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings with six total units, including five four-bedroom units and one five-bedroom, two-bath townhouse.
Where is this apartment building located?
The property is located at 7-11 Pitman St Providence, RI.
What are key features of this property?
This property features: Two buildings sold together with 6 total units: five 4 bed/1 bath units and one 5 bed/2 bath third‑floor townhouse.; Reported 7% cap rate with gross income of approximately $217,000 annually.; 100% occupied with a documented rental history.
