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The Residences on Angell 453 Angell St 7 Unit Apartment Building $3,764,749 CAD ($537,821 CAD/Unit) 5.70% Cap Rate Providence, RI 02906
Executive Summary
Located in the heart of Providence’s Wayland Square neighborhood, 453 Angell Street offers a rare opportunity to acquire an exceptional income-producing asset on the East Side. Built in 1870, this Victorian building blends architectural character with modernization. A 2011 renovation upgraded kitchens, baths, heating and cooling, plumbing, and electrical, combining historic charm with contemporary convenience. Soaring 10+ foot ceilings, open floor plans, and preserved original woodwork highlight its appeal. The property has seven units—six one-bedroom and one two-bedroom—each with separate utilities, central air conditioning, and in-unit washer/dryers. A backyard with patio enhances tenant experience, and eight off-street parking spaces provide convenience. Just steps from Brown University, cafés, restaurants, and shops, it offers a walk-to-everything lifestyle in a strong rental market. With excellent rental history and strong occupancy this is a premier investment for stability and growth. 453 Angell Street is more than a multifamily—it blends architectural significance, prime location, and compelling returns.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$301,748
|
$44.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,052
|
$1.34
|
| Effective Gross Income |
$292,696
|
$43.38
|
| Taxes |
$58,957
|
$8.74
|
| Operating Expenses |
$22,731
|
$3.37
|
| Total Expenses |
$81,688
|
$12.11
|
| Net Operating Income |
$211,008
|
$31.27
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $301,748 |
| Annual Per SF | $44.72 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,052 |
| Annual Per SF | $1.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $292,696 |
| Annual Per SF | $43.38 |
| Taxes (CAD) | |
|---|---|
| Annual | $58,957 |
| Annual Per SF | $8.74 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $22,731 |
| Annual Per SF | $3.37 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $81,688 |
| Annual Per SF | $12.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $211,008 |
| Annual Per SF | $31.27 |
Property Facts
| Price | $3,764,749 CAD | Building Class | C |
| Price Per Unit | $537,821 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,748 SF |
| Cap Rate | 5.70% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1870 |
| Property Subtype | Apartment | Parking Ratio | 1.19/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-P | ||
| Price | $3,764,749 CAD |
| Price Per Unit | $537,821 CAD |
| Sale Type | Investment |
| Cap Rate | 5.70% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,748 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1870 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R-P |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Stainless Steel Appliances
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | PROV-140345-000000-000000 | Total Assessment | $2,343,177 CAD (2025) |
| Land Assessment | $785,623 CAD (2025) | Annual Taxes | $58,957 CAD ($8.74 CAD/SF) |
| Improvements Assessment | $1,557,554 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
PROV-140345-000000-000000
Land Assessment
$785,623 CAD (2025)
Improvements Assessment
$1,557,554 CAD (2025)
Total Assessment
$2,343,177 CAD (2025)
Annual Taxes
$58,957 CAD ($8.74 CAD/SF)
Tax Year
2026
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The Residences on Angell | 453 Angell St
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