98-102 Penn Street, Providence, RI 02909
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$1,800,000
Type: 5+ Residential
Lease Type N/A
6334 Bldg. SQFT
N/A Restrooms
Parking: N/A

Property Description

Prime Multi-Family Investment – 98, 100 & 102 Penn Street, Providence, RI **Rare opportunity to acquire three adjacent multi-family properties on Providence’s West Side. This income-producing portfolio includes: **98 Penn Street – A well-maintained three-family with (3) two-bedroom, one-bath units, hardwood floors, & updated mechanicals. ** 100 Penn Street – A newer construction two-family with modern, spacious units & contemporary finishes. **102 Penn Street – A large three-family with (2) three-bedroom, one-bath units & (1) two-bedroom, one-bath unit, featuring a maintenance-free exterior & ample parking. **With below-market rents, stable occupancy, & strong appreciation potential, this portfolio offers immediate cash flow & long-term value. Prime location near Atwells Ave, Broadway, downtown, & transit.

Property Details tap to expand

Property Information

  • Type: 5+ Residential
  • Location: Legal Conforming
  • MLS ID#: 73386963

Financial

  • Gross Annual Expenses: 13046
  • Gross Annual Income: 54600
  • Net Operating Income: 45067

Building Information

  • Total SQFT: 6334

Property History tap to expand

Date Event Price Price/Sq Ft Source
06/10/2025Active$1,800,000$284MLSPIN
06/06/2025New$1,800,000$284MLSPIN
06/06/2025Canceled$1,900,000$300MLSPIN
04/04/2025Active$1,900,000$300MLSPIN
03/31/2025New$1,900,000$300MLSPIN
03/31/2025Canceled$2,000,000$316MLSPIN
03/04/2025Active$2,000,000$316MLSPIN
02/28/2025New$2,000,000$316MLSPIN

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Seller's Representative: Joy Riley, Westcott Properties
Sub Agent Compensation: n/a
Buyer Agent Compensation: n/a
Facilitator Compensation: n/a
Compensation Based On: n/a
Sub-Agency Relationship Offered: No

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MLS PIN data last updated at 2025-06-10 03:05:00