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41 Yale Ave 6 Unit Apartment Building $790,000 ($131,667/Unit) 7.60% Cap Rate Providence, RI 02908
Executive Summary
Excellent investment opportunity. Upside in rents. Well maintained. 41 Yale Avenue is a turnkey six-unit building situated on a prominent corner lot. It features fully finished one-bedroom, one-bathroom apartments that are ready for continued income generation. The property stands out due to its strong potential for appreciation, supported by a solid estimated value and consistent market performance. The location benefits from excellent neighborhood stability, walk-ability, and proximity to employment centers and urban amenities.
Property Facts
| Price | $790,000 | Building Class | C |
| Price Per Unit | $131,667 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 4,889 SF |
| Cap Rate | 7.60% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Apartment | ||
| Price | $790,000 |
| Price Per Unit | $131,667 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 4,889 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | R2 - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,500 | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | PROV-640367-000000-000000 | Improvements Assessment | $501,700 |
| Land Assessment | $66,000 | Total Assessment | $567,700 |
Property Taxes
Parcel Number
PROV-640367-000000-000000
Land Assessment
$66,000
Improvements Assessment
$501,700
Total Assessment
$567,700
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41 Yale Ave
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