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Property profile & analytics
FOR SALE
Apartment buildings

1582 Westminster St Providence, RI 02909

6,926 SF Built 1900
Property ID
US76-0041029
Property summary
AI-generated overview

This well-maintained 9-unit multifamily property at 1582 Westminster Street offers an efficient mix of three 2-bedroom and six 1-bedroom units in Providence's high-demand West Side. Rare for the area, it includes ample off-street parking with garage space, plus on-site laundry to support tenant satisfaction and occupancy. Professionally operated and consistently maintained, it's an easy-to-manage, stable, income-producing asset positioned to benefit from ongoing neighborhood growth. 1582 Westminster Street sits on a key commercial-residential corridor in Providence's West Side, an area seeing steady reinvestment and population growth. With strong transit access, walkable amenities, and quick connections to downtown and I-95, the property supports sustained tenant demand and stable occupancy. Nearby renovated multifamily buildings and local retail/services reinforce a resilient rental market, positioning the asset to benefit from continued neighborhood momentum.

Property profile
Verified
Property type Apartment buildings
Year built 1900
Total area 6,926 SF
UPID US76-0041029
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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