Boston Luxury Condos and Apartments
355 Boylston St / (617) 233-5800

23 Whitehall St

Providence, RI ID #73508855

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23 Whitehall St

- Providence, RI ID #73508855

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.

Additional Details

  • Status: ACT
  • Type: Multi-Family, Multi Family
  • Zip Code: 02909
  • Taxes: 12,324
  • Levels: 3
  • Acres: 0.12

Parking

  • Garage Capacity: 4
  • Parking: Off Street, Tandem, Common
  • Parking Spaces: 4

Rooms/Dimensions

  • Total Units: 7
  • Total Floors: 3
  • Total Rooms: 23
  • Has Basement: Yes

Location

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23 Whitehall St, Providence, RI

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Content © 2026 MLS Property Information Network, Inc.
The information in this listing was gathered from third party resources including the seller and public records. Listing information provided courtesy of Donald Martone of BOND BROKERAGE. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.