23 Whitehall, Providence, RI 02909

Providence
Local realty services provided by:Better Homes and Gardens Real Estate The Shanahan Group
23 Whitehall,Providence, RI 02909
$999,000
  • 8 Beds
  • 7 Baths
  • 4,589 sq. ft.
  • Multi-family
  • Active
Listed by: donald martone, donald martone
Office: bond brokerage
MLS#:73508855
Source:MLSPIN

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 #:73508855
  • Updated:September 19, 2026 at 11:00 AM

Rooms and interior

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

Structure and exterior

  • Roof:Asphalt/Composition Shingles, Rubber
  • Year built:1900
  • Building area:4,589 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Sloped
  • Construction Materials:Frame
  • Exterior Features:Rain Gutters
  • Foundation Description:Block, Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

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

Parking

  • Total parking spaces:4
  • Parking description:Common, Off Street, Tandem
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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