1582 Westminster St Providence, RI 02909
For Sale
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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.
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
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.