Multifamily Property for Sale in Providence, RI

  • Price: $2M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Providence, RI 02903
  • Size: 6,096 SF
  • Year built: 1920

Description

278 Point St - Video Tour 15-17 Emmett St - Video Tour 15 Emmett St - Property Card 278 Point St & 15 Emmett St - P&L 278 Point St - Property Card Palumbo-Emmett-1b - Plan 2 Palumbo-Emmett-1c - Plan 2

Market Context

This multifamily in Providence, RI is listed for sale at $1,999,999 across 6,096 SF. The building dates to 1920. It has been on the market for 41 days. Compare it against other multifamily listings for sale in Providence, RI — <a href="/search/sale/multifamily/rhode-island/providence">view the full market</a>.

As of Q4 2023, the Providence multifamily market showed a 19.3% vacancy rate, average asking rents near $1491.00/unit/mo, and rents up 2.0% year over year. Source: Consensus Q4 2023 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Providence multifamily market tightening or softening?
Vacancy is around 19.3%, with asking rents rising year over year (Q4 2023).

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