191-199 Dexter, Providence, RI 02907
191-199 Dexter, Providence, RI 02907
191-199 Dexter, Providence, RI 02907
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$2,750,000
Est. payment /mo
10,623 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,623 sqft

Price per Sqft $258

MLS Listing ID 73580212

HOA Y/N false

Year Built 1900

Annual Tax Amount $37,067

Tax Year 2025

Lot Size 0.320 Acres

Acres 0.32

Property Description

Four buildings and 14 units anchor this Dexter Street assemblage in Providence's West End/Armory neighborhood, off Westminster Street near Cranston Street, offered together on two contiguous R-3 lots totaling 13,776 square feet (Map 31, Lots 142 and 143). The unit mix spans seven one-bedroom, six two-bedroom, and one four-bedroom apartment, for 23 bedrooms and 15 bathrooms in all, with each unit separately metered for heat, hot water, and electric. A two-car garage adds to ample off-street parking, with a dedicated space assigned to every unit, and lead certificates are on file across the portfolio. The portfolio is priced at a 6.0% cap rate on current income. Long-term ownership has kept rents meaningfully below market. Lead Certificates for all units; floor plans and 3D walk through available for most units.

Location

State RI

County Providence

Zoning R3

Direction MAPQUEST

Others

Senior Community false


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Listed by Westcott Properties

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Anastasia Kaufman

Anastasia Kaufman

+1(401) 338-2749

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Agent s30447

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