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$ 2,750,000
Est. payment | /mo
10,623 SqFt
$ 2,750,000
Est. payment | /mo
10,623 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,623 sqft
Price per Sqft $258
MLS Listing ID 73580212
HOA Y/N false
Year Built 1900
Annual Tax Amount $37,067
Tax Year 2025
Lot Size 0.320 Acres
Acres 0.32
Property Description
Four buildings and 14 units anchor this Dexter Street assemblage in Providence's West End/Armory neighborhood, off Westminster Street near Cranston Street, offered together on two contiguous R-3 lots totaling 13,776 square feet (Map 31, Lots 142 and 143). The unit mix spans seven one-bedroom, six two-bedroom, and one four-bedroom apartment, for 23 bedrooms and 15 bathrooms in all, with each unit separately metered for heat, hot water, and electric. A two-car garage adds to ample off-street parking, with a dedicated space assigned to every unit, and lead certificates are on file across the portfolio. The portfolio is priced at a 6.0% cap rate on current income. Long-term ownership has kept rents meaningfully below market. Lead Certificates for all units; floor plans and 3D walk through available for most units.
Location
State RI
County Providence
Zoning R3
Direction MAPQUEST
Others
Senior Community false
Listed by Westcott Properties
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