About 23 Whitehall
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 of 23 Whitehall
| MLS® # | 73508855 |
|---|---|
| Price | $999,000 |
| Bedrooms | 8 |
| Bathrooms | 7.00 |
| Full Baths | 7 |
| Square Footage | 4,589 |
| Acres | 0.12 |
| Year Built | 1900 |
| Type | Residential Income |
| Sub-Type | 5-9 Family |
| Status | Active |
Community Information
| Address | 23 Whitehall |
|---|---|
| City | Providence |
| County | Providence |
| State | RI |
| Zip Code | 02909 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Off Street, Tandem, Common |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Stories | 3 |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Lot Description | Sloped |
| Roof | Rubber, Asphalt/Composition Shingles |
| Construction | Frame |
| Foundation | Block, Stone |
Additional Information
| Zoning | R3 |
|---|
Listing Details
| Agent | Donald Martone |
|---|---|
| Office | BOND BROKERAGE |