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339-343 Thayer St 10 Unit Apartment Building $4,400,000 ($440,000/Unit) 5.87% Cap Rate Providence, RI 02906
Executive Summary
Introducing 339-343 Thayer Street, a unique opportunity to own a 10-Unit apartment building in the heart of Brown University. This massive property offers (6) 3 Bed units, (1) 4 Bed unit, (1) 2 Bed unit, (1) 1 Bed unit, and (1) studio apartment with plenty of parking. Turn-key asset with room to grow rents. The building offers replacement windows, lead certificates for each unit, and updated mechanicals. Utilities and mechanicals are separate and paid for by the tenants. Leased through May 2027. Location speaks for itself! Phenomenal student housing investment on Thayer Street.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,400,000 | Building Class | C |
| Price Per Unit | $440,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 11,080 SF |
| Cap Rate | 5.87% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Apartment Style | Low-Rise | Cross Streets | Lloyd Ave |
| Zoning | R3 | ||
| Price | $4,400,000 |
| Price Per Unit | $440,000 |
| Sale Type | Investment |
| Cap Rate | 5.87% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 11,080 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.72/1,000 SF |
| Cross Streets | Lloyd Ave |
| Zoning | R3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | 650 - 1,300 |
| 2+1 | 1 | - | 950 - 1,000 |
| 3+1 | 3 | - | 900 |
| 3+1.5 | 2 | - | 1,100 - 1,150 |
| 3+2 | 1 | - | 1,150 - 1,400 |
| 4+1 | 1 | - | 1,300 |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | PROV-130005-000000-000000 | Improvements Assessment | $1,301,000 |
| Land Assessment | $615,000 | Total Assessment | $1,916,000 |
Property Taxes
Parcel Number
PROV-130005-000000-000000
Land Assessment
$615,000
Improvements Assessment
$1,301,000
Total Assessment
$1,916,000
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Presented by
Walter Bronhard
339-343 Thayer St
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