Multifamily Building in Federal
For Sale
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63 De Pasquale Ave, Providence, RI 02903
25-unit apartment building in Providence's vibrant Federal Hill neighborhood.
Property Size10,575 SF
Days on Market149
Property Features for 63 De Pasquale Ave
General Information
Standard status
Active
Size
10,575 SF
Property subtype
Multifamily
Investment Type
Owner/User
Building Details
Units
25
Listing Agency:
Cushman & Wakefield Hayes & Sherry Real Estate Service
(401) 273-2052
Listed By:
Derek Brazeau · License #RI RES0041511
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Aug 11 at 9:28AM
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 Cushman & Wakefield Hayes & Sherry Real Estate Service
Investment Insights
Based on property information with market context.
The property at 63 De Pasquale Avenue is a 25-unit multifamily apartment building, currently fully leased to affordable housing tenants. It offers investors stable occupancy and consistent cash flow within a high-demand urban rental market. Located in the heart of Federal Hill, one of Providence's most vibrant and walkable neighborhoods, the property is situated steps from restaurants, cafes, and cultural attractions along Atwells Avenue and De Pasquale Plaza. The offering includes the adjacent Crout Street alleyway, located directly behind the building, measuring approximately 90' x 20', which conveys with the property and provides rear access and potential operational flexibility. The building has a total size of 10575 square feet. There is no deed restriction on affordable housing, offering versatility to convert back to market rents or a hotel. This property represents an opportunity to acquire a multifamily asset with additional land in a premier Providence location with strong long-term rental demand.
Key Highlights
- Fully leased 25‑unit multifamily apartment building in a high‑demand urban rental market.
- Located in the heart of Federal Hill, a vibrant and walkable neighborhood.
- Stable occupancy and consistent cash flow from affordable housing tenants.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,097
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 25-unit apartment building in Providence's vibrant Federal Hill neighborhood.
Where is this apartment building located?
The property is located at 63 De Pasquale Ave Providence, RI.
What are key features of this property?
This property features: Fully leased 25‑unit multifamily apartment building in a high‑demand urban rental market.; Located in the heart of Federal Hill, a vibrant and walkable neighborhood.; Stable occupancy and consistent cash flow from affordable housing tenants.
