94-96 Medway Street
- Stabilized 12‑unit multifamily asset in a high‑demand rental market
- Walking distance to Brown University, RISD and Wayland Square
- Strong East Side location with walkable amenities and excellent transit access
- Easy‑to‑manage building, ideal for both new and experienced investors
- Potential garden level unit to increase unit count
- Some units leased fully furnished
- Potential NOI increase of $26K with minimal cost
Property Description
94–96 Medway Street is a 12-unit multifamily property in Providence’s highly desirable Wayland Square neighborhood on the East Side. The 9,504 SF building consists of twelve one-bedroom units and offers investors a stabilized income-producing asset with upside through unit upgrades, rent growth, and operational improvements. With all units separately metered for utilities, walkable access to Wayland Square amenities, and proximity to Brown University, RISD, College Hill, downtown Providence, and major employment centers, the property benefits from strong tenant demand and efficient operations in a high-demand rental market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,795,000 |
| No. of Units: | 12 |
| Average Occupancy: | 5.21 |
| Year Built: | 1930 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $232,917 |
| Property Website | Click Here |
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