6 8 12-14 Rosemont Terrace and 50-68 Woonasquatuck - Apartments FOR SALE


Providence, RI 02911- Manton
$13,600,000 USD
617-529-1141
6 8 12-14 Rosemont Terrace and 50-68 Woonasquatuck, Providence, RI for Sale
$13,600,000 USD
Apartments - FOR SALE
1/35
null | 5% Cap Rate

6 8 12-14 Rosemont Terrace and 50-68 Woonasquatuck
Providence, RI 02911
Manton


HIGHLIGHTS

  • OWNER FINANCING AVAILABLE. The owner will finance the first mortgage at 5% interest-only for two years with a $4,000,000 down payment.
  • 67-Unit Multifamily Portfolio: Comprised of six buildings plus an additional single-family home, offering scale within a single neighborhood setting.
  • Garden-Style Apartment Community: Six 2.5-story brick buildings providing a low-rise residential layout.
  • Unit Mix: Includes 25 two-bedroom units and 42 one-bedroom units, with variations in one-bedroom layouts.
  • On-Site Laundry: Coin-operated laundry in each building provides added tenant convenience and supplemental income.
  • Established Providence Location: Located in a residential neighborhood with access to local amenities, transportation, and employment areas.

OVERVIEW

OWNER FINANCING AVAILABLE. The owner will finance the first mortgage at 5% interest-only for two years with a $4,000,000 down payment. Property Description Rosemont Terrace is a multifamily portfolio in Providence, RI, comprised of 67 residential units across six 2.5-story brick garden-style buildings and an additional single-family home, located at 50, 64, 68, and 70 Woonasquatucket Avenue, and 6 & 8 Rosemont Terrace. The unit mix includes 25 two-bedroom units and 42 one-bedroom units, providing a range of housing options within a cohesive neighborhood setting. The portfolio has a total gross living area of 56,826 SF and sits on a 111,505 SF lot. The property is located in an established Providence neighborhood with access to local amenities, public transportation, and major roadways. Coin-operated laundry in each building adds convenience for tenants and supplemental income, supporting consistent rental demand in the area. Location Description Providence, RI, offers a premier urban investment opportunity supported by a diverse economy, renowned educational institutions, and ongoing downtown revitalization, positioning the city as one of New England’s most dynamic multifamily and mixed-use markets. As Rhode Island’s capital and largest city, Providence continues to attract residents, businesses, and investors seeking strong long-term growth within a highly connected metropolitan area. Located approximately 50 miles south of Boston and 180 miles northeast of New York City, Providence combines historic architecture with a rapidly evolving urban landscape. The city is home to nationally recognized institutions including Brown University and Rhode Island School of Design, along with a growing healthcare, technology, and professional services sector that supports consistent residential demand. Its vibrant downtown, waterfront redevelopment, arts scene, and extensive transportation network continue to attract students, young professionals, and workforce residents alike. For investors, Providence represents a compelling opportunity driven by strong rental demand, continued redevelopment activity, and relative affordability compared to larger Northeast gateway cities. Ongoing infrastructure improvements, expanding mixed-use developments, and a strong local identity position Providence for sustained economic growth and long-term capital appreciation across residential and commercial asset classes.

FOR SALE DETAILS

PRICE

$13,600,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

68

PRICE/UNIT

$200,000

CAP RATE

5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosemont Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

135

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,801 SF

ZONING

R-2

APN/PARCEL ID

PROV-800883-000000-000000,PROV-800884-000000-000000

ASK ABOUT THIS PROPERTY

Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

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Rich CawleyUnited Multi Family CorporationMore Info
617-529-1141

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.