23 Whitehall Street, Providence, RI 02909

Providence
Local realty services provided by:ERA Key Realty Services
23 Whitehall Street,Providence, RI 02909
$999,000
Virtual Tour
  • 8 Beds
  • 7 Baths
  • 4,589 sq. ft.
  • Multi-family
  • Active
Listed by: don martone
Office: bond brokerage
MLS#:1409853
Source:RI_STATEWIDE

Price summary

  • Price:$999,000
  • Price per sq. ft.:$217.69

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:1409853
  • Added:212 day(s) ago
  • Updated:November 06, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:7
  • Full bathrooms:7
  • Rooms Total:23
  • Flooring:Ceramic Tile, Laminate
  • Basement:Yes
  • Basement Description:Full, Interior Entry, Unfinished
  • Living area:4,589 sq. ft.

Heating and cooling

  • Heating:Baseboard, Gas

Structure and exterior

  • Year built:1900
  • Building area:4,589 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Vinyl Siding
  • Foundation Description:Combination

Utilities

  • Water:Connected
  • Sewer:Connected, Sewer Connected

Finances and disclosures

  • Price:$999,000
  • Price per sq. ft.:$217.69
  • Tax amount:$12,324 (2025)

Features and amenities

  • Amenities:Gas Water Heater

Parking

  • Total parking spaces:6
  • Parking description:No Garage
MLS LogoThe data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than ERA Key Realty Services are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2026 State-Wide MLS, Inc. All rights reserved. Date Last Update: November 6, 2026

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