Property profile

21 Whitehall St Providence, RI 02909

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully operational seven-unit multifamily property situated on a 5,174 square foot lot at 21-23 Whitehall Street in Providence, Rhode Island, 02909. The property comprises two buildings: a main structure housing six one-bedroom, one-bathroom units, and a separate two-bedroom, one-bathroom single-family cottage. All units are currently generating income. Recent capital improvements include new roofs, updated mechanical systems, and a new fire suppression system, minimizing future maintenance concerns. The property's layout is efficient and well-designed, maximizing rental income. Its prime location in the heart of Providence offers easy access to major highways and a wide array of amenities, ensuring high tenant demand and occupancy rates. Tenants are responsible for their own utilities. The asking price for this turnkey investment is $710,000. This property offers a compelling opportunity for passive income generation and significant long-term appreciation. This is a truly exceptional opportunity for investors seeking a low-maintenance, high-return investment in a desirable location.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21 Whitehall St Providence, RI 02909
Providence metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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