21 Whitehall St Providence, RI 02909
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.