23 Whitehall Street, Providence, RI 02909
- 8 beds |
- 7 baths |
- 4,589 sqft
Multi-Family Home 
Built in 1900 
5,227sqft lot
—— car garage 
$218/sqft 
Listed 14 days ago
Property 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.
- Listing Status:
- Active
- Date Added:
- April 13, 2026
- Data Last Updated:
- April 28, 2026 at 2:17AM
- Listing Office:
- Bond Brokerage : 401-533-1021
- MLS ID:
- 1409853
- Style: StackedSide By Side
- Parking: No GarageParking spaces: 6
- General: Vinyl Siding3Combination
- Originating MLS: RIS_RIS
- County: Providence
- Zoning: R323WHITEHALLSTPROV
- Utilities: Sewer Connected150 Amp Service
- Water: Connected
- Sewer: Connected
- Source: RIS_RIS
This listing courtesy of Bond Brokerage
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
