• Federal Hill Portfolio of 79 Units in 21 Separate Buildings

Federal Hill Portfolio of 79 Units in 21 Separate Buildings – Listing Details

68 Chapin Avenue, Providence, RI 02909

  • For Sale Subject to Offer
  • Property Type Multi-Family
  • Property Size 4,122 SF
  • Property Tenancy Multi-Tenant
  • Date Updated Oct 28, 2022
Significant portfolio of multi-family properties in highly desirable Federal Hill neighborhood of Providence, RI. Seventy-nine units in twenty-one separate buildings provide immediate scale to operate a portfolio with more than half of the units recently renovated to the studs. Significant value-add potential to capitalize on area rent growth. Close to 100% occupancy and exceptional rental history through the pandemic.
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Location

Getting Around

  • Walk Score ®

    Very Walkable (83)

  • Transit Score ®

    Good Transit (53)

  • Bike Score ®

    Very Bikeable (78)
Powered by Walk Score ®
  • City Providence, RI
  • Neighborhood West End Providence
  • Zip Code 02909
  • Market Providence

Points of Interest

Transportation
Fuel station
Restaurants
Hotels
Child care

Providence

1.61 miles

T. F. Green Airport

5.84 miles

Broadway Gas

0.54 miles

Shell

0.58 miles

7-Eleven

0.59 miles

Cumberland Farms

0.91 miles

Mobile Gas Station

0.92 miles

Speedway

1.43 miles

Gulf Express

1.54 miles

Capital Gulf

1.64 miles

Shell

1.81 miles

Hess

1.82 miles

Loie Fullers

0.33 miles

West Side Diner

0.33 miles

KNEAD Doughnuts

0.43 miles

Nicks on Broadway

0.47 miles

Spirito's

0.50 miles

North

0.61 miles

McDonald's

0.62 miles

Pizza J

0.63 miles

Bucktown

0.64 miles

Bocado Tapas Bar (Closed)

0.64 miles

Hilton Providence

1.10 miles

The Dean Hotel

1.22 miles

Residence Inn

1.22 miles

Hotel Providence

1.25 miles

Omni Providence Hotel

1.31 miles

Graduate Providence

1.37 miles

Courtyard Providence Downtown

1.39 miles

Aloft

1.45 miles

Hampton Inn & Suites Providence Downtown

1.50 miles

The Beatrice

1.52 miles

John Hope Day Care Center

0.60 miles

Carter Day Nursery

1.32 miles

Beautiful Beginnings Child Care Center

1.60 miles

Roger Williams Day Care Center

1.67 miles

Kids Kingdom Day Care Center

1.70 miles

Brown Fox Point Early Childhood Education Center

2.07 miles

Kids Zone Day Care Center

2.43 miles

Early Years Learning Center

2.80 miles

Kinder-Care at Work

2.87 miles

Carriage House Day Care Center

3.18 miles

Contacts

broker

Bob Berle

NAI Advisors

(401) 287-0870

Highlights

  • 79 Units in Federal Hill Neighborhood of Providence, RI
  • 21 Separate Buildings
  • Close to 100% Occupancy
  • Price Guidance in the Mid 5% CAP range
  • Many Fully Renovated, Some Value-Add
  • Current Rents are 10-15% Below Market

Contact Listing Broker

broker

Bob Berle

NAI Advisors

(401) 287-0870