Palermo | 172 Oakland Ave
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Palermo 172 Oakland Ave
1 Unit Apartment Building $500,000 ($500,000/Unit) 7.85% Cap Rate Providence, RI 02908
Executive Summary
Located in the Elmhurst Neighborhood of Providence, this 6 bed 2 1/2 bath property has two additional bonus rooms. It was renovated in 2021 with all new stainless steel appliances. In addition a new heating, hot water tank, and central AC unit was installed in 2024. The property located a block from Providence College and Smith St. is well maintained with a new roof, rebuilt porch. A virtual tour of the property can be seen on our website at, http://www.danddrealtymgmt.com/virtualtour.html 172 Oakland Ave.
Property Facts
| Price | $500,000 | Property Subtype | Apartment |
| Price Per Unit | $500,000 | Apartment Style | Single Family Home |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 7.85% | Building Size | 3,587 SF |
| Gross Rent Multiplier | 11.6 | Average Occupancy | 0% |
| No. Units | 1 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2021 |
| Price | $500,000 |
| Price Per Unit | $500,000 |
| Sale Type | Investment |
| Cap Rate | 7.85% |
| Gross Rent Multiplier | 11.6 |
| No. Units | 1 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Lot Size | 0.09 AC |
| Building Size | 3,587 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built/Renovated | 1930/2021 |
Unit Amenities
- Kitchen
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+2.5 | 1 | $5,760 | 3,591 |
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Walk Score ®
Very Walkable (80)
zoning
| Zoning Code | R-3 (Residential Zoning) |
| R-3 (Residential Zoning) |
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Palermo | 172 Oakland Ave
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