124 Pitman Street Providence, RI $ 799,900
124 Pitman Street
$ 799,900
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124 Pitman Street

Providence, RI, 02906
$ 799,900
Bedrooms-- Baths-- Sq 3,320

Monthly Estimate*

$ 4,925

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Commercial Property for sale in Providence, RI

for $799,900. This 3,320 square foot building was built in 1900.

Exceptional East Side investment opportunity in a highly sought-after location. Perfectly positioned between the vibrant energy of Wayland Square and Fox Point, this 4-5 unit multi-family property offers both strong rental appeal and owner-occupant flexibility. The historic home features a desirable unit mix of three one-bedroom apartments and two studio residences, each with one bath. Residents enjoy immediate access to neighborhood cafes, restaurants, parks, and the scenic beauty of Blackstone Boulevard, along with close proximity to Brown University, RISD, Downtown Providence, and the train to Boston. With consistent tenant demand housing mostly month-to-month tenants, there's immediate potential for improvement to enhance overall returns. Located in an unbeatable walkable setting, this is a compelling opportunity to secure a high-performing, income-generating asset in one of the East Side's most dynamic corridors.

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Commercial Pending

Price

$ 799,900

Property Type

Commercial

Taxes

$ 12,758

Style

Year Built

1900

Town/City

Providence

County/Region

Providence

MLS | Web ID

1405124

Features
General
Sewer Connected Public Sewer
Heating Forced Air
Cooling None
Utilities Electricity Available Natural Gas Available Natural Gas Connected Sewer Connected
Possession Close Through 45 Days
Zoning R4
Year Built 1900
Electric 100 Amp Service Circuit Breakers
Stories Count 3
Levels Three Or More
Property Subtype Commercial
Tax Year 2025
Gross Income 82500
Business Type Residential
Community Features Highway Access Near Hospital Near Schools Public Transportation Recreation Area Restaurant Shopping Sidewalks
County Providence
Net Operating Income 53025
New Construction false
Property Type Commercial Sale
Subdivision Name East Side / Wayland
Possible Use Investment Multi-Family Residential
Status Pending
City Providence
Number Of Units Total 5
Lot Size Units Square Feet
Lot Size Square Feet 4792
Land Lease Y/N false
Tax Annual Amount 12758
Virtual Tour https://tour.RiLiving.com/124-Pitman-Street-Providence-RI-02906
Standard Status Pending
Occupancy Type Tenant
Tax Assessed Value 911300
Tax Lot 403
Cap Rate 5.73
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Interior
Basement Full
Furnished Y/N Unfurnished
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Laundry Features Common Area
Total Baths 0
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Exterior
Water Source Connected Public
Total Parking 6
Lot Size Area 4792
Foundation Details Stone
Number of Buildings 1
Building Area Total 3320
Road Frontage Type City Street
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* Excluded Features
List By
Residential Properties Ltd.

Broker

sgaskin@residentialproperties.com

Email

Affordability Calculator

$5,988
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,925
Monthly Property Taxes
$1,063
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
4/6/2026$799,900 -13.52% Price Down
3/5/2026$925,000 Listed Price

Map


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124 Pitman Street, Providence, RI, 02906 is a Commercial Property for sale at $799,900 with 3,320 sqft. 124 Pitman Street was built in 1900. The property's zip code is 02906 which is in Providence, RI