36 Pratt St - Residential Income FOR SALE


Providence, RI 02906- College Hill
$2,200,000 USD
401-447-8210
36 Pratt St, Providence, RI for Sale
$2,200,000 USD
Residential Income - FOR SALE
1/17
null | 5% Cap Rate

May '25


36 Pratt St
Providence, RI 02906
College Hill


HIGHLIGHTS

  • Zero Vacancy
  • Near Brown and RISD
  • Completely Renovated
  • Condo Ready

OVERVIEW

An exceptional investment opportunity in the heart of prestigious College Hill. This fully gut-renovated triplex offers two spacious 4-bedroom, 2-bath units and one 3-bedroom, 2-bath unit, encompassing 3,364 square feet of modern, high-demand living space. Each unit is turnkey, featuring updated kitchens with stainless steel appliances, granite countertops, and functional workspace. Bathrooms boast sleek, modern finishes, and in-unit laundry provides convenience that today’s tenants prioritize. With separate utilities, individual mechanical systems, and dual egress for each unit, the property is fully fire-coded, making it ideal for immediate income generation or effortless condo conversion. Outdoor spaces include private balconies, shared decks, and a common patio with western exposure offering stunning city views. While there’s no on-site parking, ample street parking is available, and the property’s walkable location—steps from Brown University, RISD, the train station, and Downtown Providence—adds exceptional tenant appeal. The property underwent a complete renovation in 2021, including a new roof, windows, decks, plumbing, electrical, and HVAC systems, ensuring minimal maintenance for years to come. Generating $130,800 in annual rent with 0% vacancy, it delivers consistent cash flow. Its condo-conversion readiness presents a rare opportunity for substantial resale value in a high-demand market. Situated in one of Providence’s most sought-after neighborhoods, 36 Pratt Street offers proximity to top universities, cultural landmarks, and the vibrant dining and entertainment scene of College Hill. This is a high-performing, low-maintenance asset that combines stability, appreciation potential, and prime location—a perfect addition to any portfolio.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$564 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Scott ChampagneThe Bravo Group at CompassMore Info
401-447-8210

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

Scott ChampagneThe Bravo Group at CompassMore Info
401-447-8210

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