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Investment Highlights

  • Great parking, Newer Roof
  • Great floor plan and bedroom sizes, excellent build quality.
  • Owner Occupied Commercial building

Executive Summary

Exceptional 6-unit investment opportunity in Providence. Proposed Cap Rate of 11.06%, this Well Maintained owner occupied updated multi-family commercial residential property featuring a total of 13 bedrooms across six units. This income producing asset offers strong rental potential with an energy efficient heating system already in place, helping reduce operating costs. Situated on an oversized lot with ample parking for 15+ vehicles- an uncommon and highly desirable feature for tenants. Centrally located with convenient access to restaurants, shopping, public transportation, and major amenities, making it attractive for both tenants and investors alike. whether you're expanding portfolio or seeking a high-performing asset, this property delivers on location, functionality, and long-term value.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,339,377 CAD
Price Per Unit $223,230 CAD
Sale Type Investment
Cap Rate 5.63%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.24 AC
Building Size 7,584 SF
No. Stories 3
Year Built 1870
Parking Ratio 1.58/1,000 SF
Zoning R3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 6 - -
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
PROV-710597-000000-000000
Land Assessment
$90,666 CAD
Improvements Assessment
$816,951 CAD
Total Assessment
$907,617 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 39839066

  • Date on Market: 2026-03-19

  • Last Updated:

  • Address: 17 Ledge St, Providence, RI 02904

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