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191 Dexter St
Providence, RI 02907 West End Providence

$2,750,000 USD

Multifamily For Sale  •  7,824 SF

Property Details

• Property Type Multifamily
• Total Building Size 7,824 SF
• Year Built 1990
• Cap Rate 6.00 %
• Zoning R3

50 Transit Score

90 Walk Score

Highlights

6.0% cap rate on current income; 7.6% cap rate on market rents

NOI: $148,832 in-place / $190,172 at market

14 units across four buildings on two contiguous lots — sold together or evaluated per lot

13,776 SF combined lot size, zoned R-3

West End/Armory neighborhood, off Westminster Street near Cranston Street

Unit mix: seven 1BR, six 2BR, one 4BR — 23 bedrooms, 18 bathrooms total

Financial Summary (Actual)

Net Operating Income: $111,795 USD (2025)

Cap Rate:	6.00 %
Total Expenses:	$116,265 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Providence (Acela - Amtrak, Foxboro Event Service - Amtrak, Northeast Regional - Amtrak, Providence/Stoughton Line - Amtrak)	4 min	-	2.0 mi
Pawtucket/Central Falls (Foxboro Event Service - MBTA, Providence/Stoughton Line - MBTA)	10 min	-	5.9 mi
Airport	Drive	Walk	Distance
Rhode Island Tf Green International	17 min	-	7.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	TwoCarGarage
Included in Rent:	Yes