$1,185,000

About this home

An exceptional opportunity to acquire a professionally managed, multifamily investment consisting of two buildings on one lot—a seven-unit apartment building and a detached single-family residence—totaling eight units in one of Northern Rhode Island’s most consistent cash-flow markets. The property offers a clear path to increased revenue through lease-up and rent optimization. Upon stabilization, the asset is projected to achieve approximately:$133,080 in Annual Gross Income. This offering presents a rare blend of in-place income and clear operational upside, making it well-suited for investors seeking both immediate yield and long-term value creation. The primary structure features six (6) two-bedroom, one-bath units and one (1) one-bedroom, one-bath unit, each approximately 800+ sf, offering efficient layouts and strong rental appeal. The secondary structure is a separate single-family residence comprising three (3) bedrooms and one (1) bathroom, totaling just under 1000 sf, providing additional income diversification within the asset. The property has been well maintained with continued capital investment, including: Updated roofing systems Improved driveway and parking areas Numerous mechanical upgrades throughout

Property facts

Property type

Multi Family

Year built

1910

Lot size (acres)

0.2

Total rooms

33

Garage spaces

0

Total parking

13

Annual taxes

$17,333

Tax year

2025

County

Providence

Features

Heating

Natural Gas, Gas Connected, Gas on Gas

Cooling

None

Basement

Full, Interior and Exterior, Partially Finished, Bathroom, Bedroom(s), Laundry, Utility

Appliances

Electric Water Heater, Gas Water Heater

Interior

Plumbing (Mixed)

Parking

No Garage

Construction

Vinyl Siding

Utilities

Sewer Connected, Water Connected

Community

Bus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Restaurants, Schools, Shopping

Exterior

Guest House, Porch

Location