Kylie Suitum - Andrew Abu Inc Realtors Logo
$999,000
 $5,363 est/mo Sourced by Back At You

23 Whitehall Street,Providence, RI 02909

Providence, RI 02909

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Description

Turnkey 7-unit compound with significant upside in a strong Providence rental market. The asset consists of a 6-unit main building featuring (6) one-bed, one-bath units with gas baseboard heat, plus a detached ~989 SF cottage offering a 2-bed, 1-bath layout with electric baseboard heat. Ownership has completed all major capital improvements, including upgraded boilers and hot water systems, minimizing near-term capex. The property is professionally managed and benefits from tenant-paid utilities, creating an efficient and predictable expense structure. Off-street parking adds to tenant appeal and retention. Current gross income is $98,448, with a pro forma of $111,600, driven by below-market rents, presenting a clear and immediate value-add opportunity. This is a stabilized, income-producing asset with operational upside-ideal for investors seeking strong in-place cash flow with the ability to increase yield through rent growth.

Details

MLS #1409853
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site198
Listing Provided ByBond Brokerage | Don Martone

Features

Bed(s)8
Bath(s) 7 Total
SQ Feet4,589
BasementY
Story(s)3
Units2
Building(s)2
ZoningR3
Acreage0.12
Golf CourseYes

Interior

Rooms Total23
HeatingNatural Gas, Baseboard, Gas Connected, Other
Heating Yes / NoYes
CoolingNone
Cooling Yes / NoNo
AppliancesGas Water Heater
Fireplaces Total0
Laundry FeaturesOff Site

Exterior

Foundation DetailsMixed
Community FeaturesBus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping
Construction MaterialsVinyl Siding

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo
Parking FeaturesNo Garage

Utilities

SewerConnected
Electric150 Amp Service

Location

Community FeaturesBus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping

Taxes

Tax Annual Amount12324
Tax Assessed Value474000
Tax Lot278
Tax Year2025

Area Information

StateRI
CountyProvidence
CityProvidence
Zip Code02909
AreaProvidence
Listing VS Median (in 02909)
Price:
$999,000
low | high
Med:
$404,400
100% of Average
sqft:
4,589
low | high
Med:
1,388
100% of Average
$ / sqft:
$218
low | high
Med:
$293
15.629256026179% of Average
On site:
198
low | high
Med:
102
100% of Average
Sourced by Back At You

Market Activity 02909

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Additional Information

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Learn More About This Property

Kylie Suitum

Kylie Suitum

Andrew Abu Inc

9586373 (508) 309-9695kylie@andrewabu.com
StateRI
CountyProvidence
CityProvidence
Zip Code02909
AreaProvidence
Listing VS Median (in 02909)
Price:
$999,000
low | high
Med:
$404,400
100% of Average
sqft:
4,589
low | high
Med:
1,388
100% of Average
$ / sqft:
$218
low | high
Med:
$293
15.629256026179% of Average
On site:
198
low | high
Med:
102
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $749K - $1.248M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
23 Whitehall Property Photo 1
$999,000
23 Whitehall
Providence, RI 02909
Listing Updated: September 28, 2026 at 6:47:41 PM PDT