7 Newton Street, Providence, RI 02903

Property Description

Rare Federal Hill 4-unit, same owner since 1976. Owner-occupy one apartment and let three rents help carry the mortgage or add a below-market-rent value-add to your portfolio. This 1920 building offers two 4-bedroom apartments (2nd and 3rd floors, with city views, a 2-bedroom, and a 1-bedroom, 11 bedrooms in all. The 1st floor 2-bedroom will be delivered vacant at closing. The other three units are rented month-to-month, and tenants pay their own gas and electric. Heating is individual to each unit (hot-water baseboard in one, gas-fired and electric in the others), and all heating systems were serviced for the season. Individual gas hot water heaters, electrical panels upgraded in 2014, new electrical service lines and meters installed spring 2026, and an addressable fire alarm system serviced twice a year. Lead inspection passed November 2026; certificate and report available on request. Rents are below market. Atwells Avenue is right outside your door, with restaurants within 175 feet. Within walking distance of downtown: 0.3 mile to the arena and 0.7 mile to the performing arts center, with hotels, restaurants, galleries, and event venues nearby, plus DePasquale Square close by. Showings by appointment with tenant notice. Please do not disturb occupants.