Emily Christenbury
← INNOVATE Real Estate
Commercial at 191 199 Dexter Street, Providence
Commercial at 191 199 Dexter Street, Providence, photo 2 of 12
Commercial at 191 199 Dexter Street, Providence, photo 3 of 12
Commercial at 191 199 Dexter Street, Providence, photo 4 of 12
Commercial at 191 199 Dexter Street, Providence, photo 5 of 12
Commercial at 191 199 Dexter Street, Providence, photo 6 of 12
Commercial at 191 199 Dexter Street, Providence, photo 7 of 12
Commercial at 191 199 Dexter Street, Providence, photo 8 of 12
Commercial at 191 199 Dexter Street, Providence, photo 9 of 12
Commercial at 191 199 Dexter Street, Providence, photo 10 of 12
Commercial at 191 199 Dexter Street, Providence, photo 11 of 12
Commercial at 191 199 Dexter Street, Providence, photo 12 of 12
12 photos

$2,750,000

191 199 Dexter Street
Providence, RI 02907
Listed by Joy Riley
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Four buildings and 14 units anchor this Dexter Street assemblage in Providence's West End/Armory neighborhood, off Westminster Street near Cranston Street, offered together on two contiguous R-3 lots totaling 13,776 square feet (Map 31, Lots 142 and 143). The unit mix spans seven one-bedroom, six two-bedroom, and one four-bedroom apartment, for 23 bedrooms and 15 bathrooms in all, with each unit separately metered for heat, hot water, and electric. A two-car garage adds to ample off-street parking, with a dedicated space assigned to every unit, and lead certificates are on file across the portfolio. The portfolio is priced at a 6.0% cap rate on current income. Long-term ownership has kept rents meaningfully below market. Lead Certificates for all units; floor plans and 3D walk through available for most units.

Property details

MLS #
1421663
Property type
Commercial
Subdivision
West End/ Armory District
Status
Active
Days on market
N/A
On market date
September 21, 2026
Stories
3
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
18
Lot size
13,776 sqft

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Alfred Lima Sr. El School
0.5 mi away · Grades 2-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
435
Student:teacher ratio
14.5:1
District
Providence
MiddleCharter
Providence Preparatory Charter
0.09 mi away · Grades 5-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
112
Student:teacher ratio
12.4:1
District
Providence Preparatory Charter
High
Providence Career Technical
0.51 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
659
Student:teacher ratio
9.8:1
District
Providence

Walkability

Blended score for Providence's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

87
Highly walkable
out of 100
EPA National Walkability Index
15.5 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks18
Schools20
Transit stops20
Pharmacies11

Market position

How this listing compares to current activity in Providence, from live MLS data.

On the market 0 days -- 42 fewer days than Providence's current average of 42 days.
For reference, the median list price across 1,252 active listings in Providence right now is $449,000.

Mortgage calculator

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Est. monthly payment
$16,711/mo
$550,000 down
$2,200,000 loan
Principal & interest$14,269
Property tax (est.)$2,292
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 8 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.