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Providence Multifamily Investment Opportunity
For Sale
$850,000
Pending

420 Orms Street, Providence, RI 02908

Cash-flowing multifamily property in a strong rental market.

Property SizeContact for details
Days on Market218

Property Features for 420 Orms Street

General Information

Standard status Pending
Property subtype Multi-family

Building Details

Year Built 1900
Listing Agency: REALPRO by The Water
Listed By: The Realpro Group
Source: Milburyre
Added: Jan 28 Changed: Sep 2 Last Checked: Aug 31 at 8:41PM

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 REALPRO by The Water

Investment Insights

Based on property information with market context.

Located at 420 Orms Street in Providence, this multifamily property presents an investment opportunity in a strong rental area. The property is situated minutes from Providence College and downtown Providence, with convenient access to Interstate 95. The surrounding area includes local conveniences, shops, and amenities, contributing to consistent rental demand and long-term growth potential. This property is suited for investors seeking an income-producing asset. *LOT NOT INCLUDED IN THE SALE*

Key Highlights

  • Cash‑flowing property with consistent rental demand
  • Excellent investment opportunity in a strong rental area
  • Convenient location near Providence College and downtown Providence

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Carpet & Flooring Store Pet Grooming Service Catering Service Restaurant (Bike/Boat/Book/etc) Store Acupuncture

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

Location Intelligence

Trade Area within ½ mile

2,538
Businesses Nearby

Demographics for 02908, RI

38,507
Population
17,160
Households
2.2
Avg Household Size
32
Median Age
29%
College-Educated
84%
High-School Grad
3.4 sq mi
ZIP Area
11,326
Density / Sq Mi
$74,341
Median Household Income
$42,947
Median Earnings
$1,381
Median Rent
$293,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Multifamily property - Cash-flowing multifamily property in a strong rental market.
Where is this multifamily property located?
The property is located at 420 Orms Street Providence, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Cash‑flowing property with consistent rental demand; Excellent investment opportunity in a strong rental area; Convenient location near Providence College and downtown Providence
More about this property
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