For sale

$999,000

23 Whitehall St, Providence, RI 02909

8beds

4,589sqft

$6,216/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$984,000 Zestimate^®

$218/sqft

$-- HOA

What's special

One-bed one-bath unitsOff-street parking

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.

141 days
123
7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 7
Full bathrooms: 7

Heating

Natural Gas, Baseboard, Gas Connected, Other

Cooling

None

Appliances

Included: Gas Water Heater
Laundry: Off Site

Features

Flooring: Ceramic Tile, Laminate, Other
Basement: Full,Interior Entry,Unfinished,Utility
Has fireplace: No

Interior area

Total structure area: 4,589
Total interior livable area: 4,589 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 6
Parking features: No Garage

Features

Stories: 3

Lot

Size: 5,227 Square Feet

Details

Parcel number: 23WHITEHALLSTPROV
Zoning: R3

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Materials

Vinyl Siding
Foundation: Mixed

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: 150 Amp Service
Utilities for property: Sewer Connected, Water Connected

Community & HOA

Community

Features: Near Public Transport, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Near Shopping

HOA

Has HOA: No

Location

Region: Providence

Financial & listing details

Price per square foot: $218/sqft
Annual tax amount: $12,324
Date on market: 4/13/2026
Inclusions: 21-23 Whitehall Street Providence, RI 02909 - This property is under a RUBS system, the tenants pay for all utilities (gas, electric, water, sewer, and trash). Property Management Company receives the bills and charges the residents using an allocation formula. The addendums are included in each lease.
Total actual rent: 9296
Tenant pays: Heat