64-66 Pitman St - Office FOR SALE


Providence, RI 02906- Wayland
$2,195,000 USD
508-493-7093
64-66 Pitman St, Providence, RI for Sale
$2,195,000 USD
Office - FOR SALE
1/30
null | 5.89% Cap Rate

64-66 Pitman St
Providence, RI 02906
Wayland


OVERVIEW

Introducing 64-66 Pitman St., a stately 5-unit brick building in one of the East Side's most desirable and consistently high-demand rental corridors. Beautifully maintained and renovated, this building consists of (1) 2 bed/2 bath unit and (4) 1 bed/1 bath units. All units feature condo quality finishes, including high ceilings, marble-tiled bathrooms, replacement windows, dishwashers, in-unit laundry, and central AC. The property is fully lead compliant and boasts modern mechanical systems, including updated plumbing and electrical, with newer water heaters and heating/cooling. Situated on a 7,500 SF corner lot, the building offers plenty of off-street parking with space for up to 10 cars, and is walking distance to Brown University, Whole Foods, and all of the restaurants, cafes, and shopping in Wayland Square. Fully leased through Summer 2027, this turnkey asset provides stable income and appreciation, with additional potential upside by adding a 6th unit/ADU on the ground level. Call today to schedule a showing!

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$358 USD /SF

CAP RATE

5.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R4

APN/PARCEL ID

PROV-140078-000000-R000000-E000000

ASK ABOUT THIS PROPERTY

Spencer KelleherWilliam Raveis InspireMore Info
508-493-7093

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Spencer KelleherWilliam Raveis InspireMore Info
508-493-7093

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