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1 & 2-4 Greystone Ave 1 Greystone Ave 9 Unit Apartment Building $2,100,000 ($233,333/Unit) North Providence, RI 02911
Executive Summary
Strong investment opportunity featuring two income-producing residential properties located between Waterman Avenue and Putnam Pike near Centredale in North Providence. This portfolio offers stable in-place income, low vacancy, and immediate positive cash flow, with excellent access to Route 44 and I-295 and close proximity to the new Amazon distribution center currently under development, supporting long-term rental demand.
Property Highlights
• Consistent cash flow from day one
• Prime North Providence location near Centredale
• Convenient access to Route 44 & I-295
• Close to the new Amazon distribution center
1 Greystone Street
• 9-unit multifamily with a mix of 1- and 3-bedroom units
• Assigned on-site parking
• Coin-op laundry in basement
• Several recently upgraded units achieving market rents
2–4 Greystone Street
• Duplex with two 3-bedroom / 1-bath units
• One unit recently fully renovated with modern upgrades
• Value-add potential through future unit upgrades and rent growth
A rare opportunity to acquire stabilized multifamily assets with strong income and future upside in a high-demand rental market.
Property Highlights
• Consistent cash flow from day one
• Prime North Providence location near Centredale
• Convenient access to Route 44 & I-295
• Close to the new Amazon distribution center
1 Greystone Street
• 9-unit multifamily with a mix of 1- and 3-bedroom units
• Assigned on-site parking
• Coin-op laundry in basement
• Several recently upgraded units achieving market rents
2–4 Greystone Street
• Duplex with two 3-bedroom / 1-bath units
• One unit recently fully renovated with modern upgrades
• Value-add potential through future unit upgrades and rent growth
A rare opportunity to acquire stabilized multifamily assets with strong income and future upside in a high-demand rental market.
Property Facts
| Price | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $233,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| No. Units | 9 | Building Size | 7,065 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | MG - Manufacturing | ||
| Price | $2,100,000 |
| Price Per Unit | $233,333 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 7,065 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | MG - Manufacturing |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
Property Taxes
| Parcel Number | NPRO-000020-000000-000621 | Improvements Assessment | $887,800 |
| Land Assessment | $129,400 | Total Assessment | $1,017,200 |
Property Taxes
Parcel Number
NPRO-000020-000000-000621
Land Assessment
$129,400
Improvements Assessment
$887,800
Total Assessment
$1,017,200
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