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230 Transit St
Providence, RI 02906
25 East/ 230 Transit St · Multifamily Property For Sale · 10 Units

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Investment Highlights

  • Corner 4-unit with dual street access
  • Includes 5-bed townhouse & 3 apts

Executive Summary

25 East Street is a well-maintained 4-unit multi-family building located at the corner of East Street and Transit Street. The property includes a spacious 5-bedroom, 1.5-bath townhouse with its private entrance on East Street, and three fully leased apartments accessed from Transit Street: a 1-bedroom, a studio, and a 2-bedroom penthouse. The building generates $8,525 in monthly rental income and features a diverse unit mix ideal for steady cash flow. With multiple points of entry and a strong tenant base, this property is a turnkey investment opportunity in a desirable location.

Property Facts

Price Per Unit $100,000
Sale Type Investment
Cap Rate 6.78%
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 2,975 SF
No. Stories 3
Year Built 1880
Parking Ratio 0.67/1,000 SF
Zoning R-2 - Residential

Amenities

Site Amenities

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

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
5+1.5 1 $3,750 -
1+1 2 $1,250 -
Studios 3 $1,225 -
2+1 4 $2,300 -

Property Taxes

Property Taxes

Parcel Number
PROV-170093-000000-000000
Land Assessment
$432,500
Improvements Assessment
$449,800
Total Assessment
$882,300
  • Listing ID: 36882790

  • Date on Market: 7/23/2025

  • Last Updated:

  • Address: 230 Transit St, Providence, RI 02906

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