$1,599,999
About this home
Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2—dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.
Property details
- MLS #
- 1409780
- Property type
- Apartment,Multi Family
- Subdivision
- N/A
- Status
- Active
- Days on market
- 74
- On market date
- N/A
- Stories
- N/A
- Garage spaces
- N/A
- Lot size
- 0.0579 acres
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 311
- Student:teacher ratio
- 15.6:1
- District
- Providence
- Enrollment
- 405
- Student:teacher ratio
- 31.2:1
- District
- Achievement First Rhode Island
- Enrollment
- 681
- Student:teacher ratio
- 13.1:1
- District
- Providence
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated June 23, 2026.
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.