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Properties

  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,73508855
  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,73508855
  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,73508855
  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,73508855
  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,73508855
  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,73508855
  • 23 Whitehall, Providence, Rhode Island, 8 Bedrooms Bedrooms, 23 Rooms Rooms,7 BathroomsBathrooms,Residential Income,For Sale,Whitehall,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.

Features
Basement:
Full, Interior Entry, Unfinished
Parking:
Tandem, Common, Off Street
Construction:
Frame
Exterior Unit Features:
Rain Gutters
Flooring:
Tile
Sewer:
Public Sewer
Water:
Public
Electric Feature:
Circuit Breakers, Individually Metered, 150 Amp Service
Garage Parking
Lead Paint:
None, Certified Treated
Road Type:
Paved
Additional Information
Market Time:
4
Parking Spaces:
4
Tax Year:
2025
Status:
Active
Price Per Sqft:
$218
Zoning:
R3
No Units:
7
Orig Price:
$999,000
LEASE:
Yes
Waterfront:
No
MlsStatus:
Active
Address Map
City:
Providence
State:
RI
County:
Providence
Postal Code:
02909
Longitude:
W72° 33' 13.6''
Latitude:
N41° 48' 43.9''
  • Google Map

Residential Income

23 Whitehall, Providence, Rhode Island

8 Bedrooms
7 Total Bathrooms
4,589 Sqft
$999,000
Listing ID #73508855
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$999,000
Bedrooms :
8
Rooms :
23
Total Bathrooms :
7
Full Bathrooms :
7
Square Footage :
4,589 Sqft
Year Built :
1900
Lot Area :
0.12 Acre
Listing ID :
73508855
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Agent info
Robb Enterprises
  • Stephen E. Robb
  • View website
  • 617-212-0251
  • srobb@robbenterprises.com

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The property listing data and information 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 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 set forth herein.

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