For Sale
23 Whitehall St, Providence, MA
Providence · MA 02909
- $999,000
- Price
- 8
- Beds
- 7
- Baths
- 4589
- Sq. ft.
Overview
Property type:
Multi-Family
Year built:
Built in 1900
Units:
7 Units
Lot size:
5,227 Sq.Ft Lot
Price per square foot:
$218 / Sq.Ft
Parking:
4 Off Street Spaces
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.
Neighborhood & Transit
23 Whitehall St, Providence · MA 02909
Nearby transit
Within 0.5 mile, measured straight-line to the nearest station entrance.
No subway or commuter rail stations within 0.5 mile.
Price Insight
- Days on Market:
- 188 days
- Listing Price:
- $999,000
- Price per Sq.Ft:
- $218
- Tax Assessment:
- $474,000 in 2025
- Taxes:
- $1,027 / Monthly
Home Facts
Interior Features
- Bedrooms
- 8
- Full Bathrooms
- 7
- Half Bathrooms
- 0
- Living Area
- 4,589 Sq.Ft
- Kitchen
- Unknown
- Primary Bedroom
- Unknown
- Laundry
- Unknown
- Living levels
- Unknown
- Rooms
- Unknown
- Above grade area
- 4589
- Flooring
- Unknown
- Lead paint
- None, Certified Treated
Utilities
- Heating Type
- Unknown
- Heating Zone
- Unknown
- Cooling
- Unknown
- Cooling Zones
- Unknown
- Water
- Unknown
- Sewer
- Unknown
- Electric Features
- Circuit Breakers, 150 Amps, Individually Metered
Exterior Features
- Lot Size
- 5,227 Sq.Ft
- Lot Description
- Unknown
- Exterior Features
- Unknown
Parking
- Garage Parking
- 0 Parking Spaces
- Off Street Parking
- 4 Parking Spaces
Construction Details
- Construction Type
- Unknown
- Siding
- Vinyl
- Roof
- Unknown
Green Features
- Electric Vehicle Charger
- Unknown
- Solar Panels
- Unknown
- Green Certified
- Unknown
- Insulation Features
- Unknown
- Energy Features
- Unknown
Listing information
- Listing agent
- Donald Martone
- Listing office
- BOND BROKERAGE
- MLS PIN #
- 73508855