23 Whitehall ST, Providence, RI 02909
23 Whitehall ST, Providence, RI 02909
23 Whitehall ST, Providence, RI 02909
23 Whitehall ST, Providence, RI 02909
23 Whitehall ST, Providence, RI 02909
23 Whitehall ST, Providence, RI 02909
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Mike Byrnes

Mike Byrnes

+1(508) 826-5233
$ 994,500
Est. payment | /mo

4,589 SqFt

Save Virtual Tour
$ 994,500
Est. payment | /mo
Save Virtual Tour

4,589 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,589 sqft

Price per Sqft $216

Subdivision Silver Lake

MLS Listing ID 1428548

Style Stacked,Side By Side

HOA Y/N No

Abv Grd Liv Area 4,589

Year Built 1900

Annual Tax Amount $12,324

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Commercial

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.

Location

State RI

County Providence

Community Silver Lake

Zoning R3

Rooms

Basement Full

Interior

Heating Baseboard, Gas, Other

Cooling None

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.

Exterior

Community Features Golf, Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping, Street Lights, Sidewalks

Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected, Other, Phone Available, Underground Utilities, Sewer Connected

Total Parking Spaces 6

Building

Foundation Combination

Sewer Connected, Storm Sewer

Water Connected

Architectural Style Stacked, Side By Side

New Construction No

Others

Tax ID 23WHITEHALLSTPROV

Virtual Tour https://tour.RiLiving.com/23-Whitehall-Street-Providence-RI-02909

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Listed by Bond Brokerage

NEARBY SCHOOLS & PROPERTIES

Mike Byrnes
Mike Byrnes

CEO & Owner

+1(508) 826-5233 | mike@mbcorporation.net

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23 Whitehall ST