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Nine-Unit Apartment Portfolio
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Pending

19 Spruce St, Providence, RI 02903

Two three-story buildings offer varied unit mixes, laundry amenities, and full occupancy in Providence’s Federal Hill District.

Property SizeContact for details
Days on Market145

Property Features for 19 Spruce St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Public Transit Yes

Amenities

coin-operated washer/dryer
in-unit laundry

Building Details

Buildings 2
Listing Agency: Marcus & Millichap - Boston
Listed By: Nicholas Verenis · License #MA 9557218
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 12:09AM

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 Marcus & Millichap - Boston

Investment Insights

Based on property information with market context.

This multifamily offering includes two three-story apartment buildings in Providence’s Federal Hill District. The 19 Spruce Street property contains 6 units: four two-bedroom apartments and two three-bedroom apartments. Residents have access to coin-operated laundry, and tenants pay their own electric service. The 205 Federal Street property adds 3 units, including two four-bedroom apartments and one two-bedroom apartment, with laundry located inside the units. The landlord covers first- and second-floor heat and electric at this property.

The buildings are approximately a half mile apart, with 19 Spruce Street situated near Atwells Avenue and 205 Federal Street positioned between Atwells Avenue and Broadway. The surrounding area includes restaurants, Downtown Providence, Providence Place Mall, and the Amtrak Station. Both properties are fully occupied by young professionals.

Key Highlights

  • Two three‑story apartment buildings totaling 9 units
  • 19 Spruce Street includes 6 units with four two‑bedroom and two three‑bedroom apartments
  • 205 Federal Street contains 3 units, including two four‑bedroom and one two‑bedroom apartments

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Pet Grooming Service Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

4,196
Businesses Nearby

Demographics for 02903, RI

13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two three-story buildings offer varied unit mixes, laundry amenities, and full occupancy in Providence’s Federal Hill District.
Where is this apartment building located?
The property is located at 19 Spruce St Providence, RI.
What are key features of this property?
This property features: Two three‑story apartment buildings totaling 9 units; 19 Spruce Street includes 6 units with four two‑bedroom and two three‑bedroom apartments; 205 Federal Street contains 3 units, including two four‑bedroom and one two‑bedroom apartments
More about this property
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