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Turnkey 12-Unit Multifamily Portfolio 7 Properties Offered at $4,300,000 in Providence, RI
Investment Highlights
- Fully leased, professionally maintained units
- Prime locations near universities and transit
- Ideal for long-term hold or 1031 exchange
- Strong in-place income across diverse unit types
- Turnkey condition with capital improvements
Executive Summary
Turnkey 12-Unit Multifamily Portfolio | Providence, RI
An exceptional opportunity to acquire a fully leased 12-unit multifamily portfolio across three stabilized assets in Providence, RI. This rare offering delivers immediate cash flow, strong tenant retention, and long-term investment upside in the high-demand rental market of College Hill on the East Side of Providence.
Portfolio Includes:
College Hill, Providence – 5-unit condo portfolio totaling 7,481 SF with rents from $2,700–$4,500/month. Walking distance to Brown, RISD, and Downtown. Includes 3 parking spaces.
25 East St / 230 Transit St, Providence – 4-unit building featuring a spacious 5-bed townhouse plus 3 fully leased apartments. Total monthly income: $8,525. Dual frontage with private entrances.
115 Hope St, Providence – 3-unit triplex, each with 3 beds/1 bath. Recent upgrades include porches, plumbing, electrical, and heating systems.
Highlights:
Fully leased, professionally maintained units
Strong in-place income across diverse unit types
Prime locations near universities and transit
Turnkey condition with capital improvements
Ideal for long-term hold or 1031 exchange
Contact us today for rent rolls, financials, and to schedule a private tour of this rare multi-market portfolio.
An exceptional opportunity to acquire a fully leased 12-unit multifamily portfolio across three stabilized assets in Providence, RI. This rare offering delivers immediate cash flow, strong tenant retention, and long-term investment upside in the high-demand rental market of College Hill on the East Side of Providence.
Portfolio Includes:
College Hill, Providence – 5-unit condo portfolio totaling 7,481 SF with rents from $2,700–$4,500/month. Walking distance to Brown, RISD, and Downtown. Includes 3 parking spaces.
25 East St / 230 Transit St, Providence – 4-unit building featuring a spacious 5-bed townhouse plus 3 fully leased apartments. Total monthly income: $8,525. Dual frontage with private entrances.
115 Hope St, Providence – 3-unit triplex, each with 3 beds/1 bath. Recent upgrades include porches, plumbing, electrical, and heating systems.
Highlights:
Fully leased, professionally maintained units
Strong in-place income across diverse unit types
Prime locations near universities and transit
Turnkey condition with capital improvements
Ideal for long-term hold or 1031 exchange
Contact us today for rent rolls, financials, and to schedule a private tour of this rare multi-market portfolio.
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $4,300,000 | Status | Active |
| Price / SF | $276.63 / SF | Number of Properties | 7 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 2 |
| Cap Rate | 6.71% | Total Building Size | 15,544 SF |
| Sale Type | Investment | Total Land Area | 0.15 AC |
| Price | $4,300,000 |
| Price / SF | $276.63 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 6.71% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 2 |
| Total Building Size | 15,544 SF |
| Total Land Area | 0.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 115 Hope St, Providence, RI 02906 | Multifamily | 5,088 SF | 1870 | $1,400,000 |
| 230 Transit St, Providence, RI 02906 | Multifamily | 2,975 SF | 1880 | $1,000,000 |
| 178-184 Bowen St, 3rd Floor - Unit 8, Providence, RI 02906 | Office Condo | 1,880 SF | 1885 | - |
| 178-184 Bowen St, 3rd Floor - Unit 16, Providence, RI 02906 | Office Condo | 1,870 SF | 1885 | - |
| 178-184 Bowen St, 3rd Floor - Unit 5, Providence, RI 02906 | Office Condo | 1,616 SF | 1885 | - |
| 178-184 Bowen St, 2nd Floor - Unit 7, Providence, RI 02906 | Office Condo | 1,100 SF | 1885 | - |
| 178-184 Bowen St, 1st Floor - Unit 6, Providence, RI 02906 | Office Condo | 1,015 SF | 1885 | - |
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Turnkey 12-Unit Multifamily Portfolio
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