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Executive Summary

6-Unit Multifamily in Federal Hill of Providence
Unrealized rent growth for new owner. Rents currently below market.

Four Parking Spaces

Property Facts

Price $895,000
Price Per Unit $149,167
Sale Type Investment
Cap Rate 8%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 9,064 SF
Average Occupancy 100%
No. Stories 3
Year Built 1900
Parking Ratio 0.49/1,000 SF
Cross Streets Penn St
Zoning R3 - Apartment

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Refrigerator
  • Range
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Controlled Access
  • Smoke Free
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 6 - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
50/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
PROV-330040-000000-000000
Land Assessment
$66,000
Improvements Assessment
$641,700
Total Assessment
$707,700
  • Listing ID: 35011724

  • Date on Market: 3/4/2025

  • Last Updated:

  • Address: 125 Knight St, Providence, RI 02909

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