Rare 7 Units Near Brown University | 169 Waterman St
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Rare 7 Units Near Brown University 169 Waterman St
7 Unit Apartment Building $1,650,000 ($235,714/Unit) Providence, RI 02906
Executive Summary
Rare opportunity to own this 7 unit apartment building in the heart of College Hill/Wayland neighborhoods. Quick walk (4 blocks) to Brown Campus and Thayer Street make this a high demand location. Currently used as cooperative housing with 6 units rented well below market and 1 vacant unit. All leases expire in August 2024. Opportunity awaits to reposition this investment property-choose your own tenants and set your own rents! Each unit has its own gas meter and boiler. Gas fired hot water tanks are on a house meter. 1 electric meter. Small laundry room on site for Tenants. Hardwood floors and fireplaces give these apartments charm. Vinyl siding and replacement windows provide easy upkeep. Parking for up to 7 cars on property plus street parking available. Fire code compliant.
Property Facts
| Price | $1,650,000 | Building Class | C |
| Price Per Unit | $235,714 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,799 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,650,000 |
| Price Per Unit | $235,714 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,799 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.03/1,000 SF |
Unit Amenities
- Air Conditioning
- Fireplace
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 306 - 315 |
| 1+1 | 3 | - | 494 - 500 |
| 2+1 | 2 | - | 606 - 929 |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | PROV-140553-000000-000000 | Improvements Assessment | $699,000 |
| Land Assessment | $287,000 | Total Assessment | $986,000 |
PROPERTY TAXES
Parcel Number
PROV-140553-000000-000000
Land Assessment
$287,000
Improvements Assessment
$699,000
Total Assessment
$986,000
zoning
| Zoning Code | R3 |
| R3 |
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Rare 7 Units Near Brown University | 169 Waterman St
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