Multifamily Housing - For Sale
28 Pitman Street Providence, RI 02906
Details & Description
Price: $4,650,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.320
  • Building Sq Ft 25,018
  • Building Price per Sq Ft $185.87
  • Land Sq Ft 13,939
  • Land Price per Sq Ft $333.60
The apartments located at 7-11, 19-21, & 26-28 Pitman Street, Providence RI is comprised of 17 units (2-studio, 8-one bedroom, 1-two bedroom, 4-four bedroom, 1-five bedroom, and 1-six bedroom) totaling 18,181 rentable square feet in 4 two & three-story buildings built in 1880 & 1900s. Located in the College Hill section of Providence within walking distance to Brown, R.I.S.D. and Johnson and Wales Colleges. Ideal opportunity for a student housing investment.
Additional Photos
Listing Agents
Jason Braun

O: 617-416-5003
jbraun@umf.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

28 Pitman Street

Providence, RI 02906

Listing ID: 248173
$4,650,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.320
  • Building Sq Ft 25,018
  • Building Price per Sq Ft $185.87
  • Land Sq Ft 13,939
  • Land Price per Sq Ft $333.60
  • 28 Pitman Street Providence, RI 02906 | for Sale | Photo 1
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Description

The apartments located at 7-11, 19-21, & 26-28 Pitman Street, Providence RI is comprised of 17 units (2-studio, 8-one bedroom, 1-two bedroom, 4-four bedroom, 1-five bedroom, and 1-six bedroom) totaling 18,181 rentable square feet in 4 two & three-story buildings built in 1880 & 1900s. Located in the College Hill section of Providence within walking distance to Brown, R.I.S.D. and Johnson and Wales Colleges. Ideal opportunity for a student housing investment.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Providence History of Multifamily Housing for Sale

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Providence Area Market Trends

Listing Demographics for 28 Pitman Street Providence, RI 02906

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population27,880200,578445,277
Population Median Age343637
Population by Age0-9 Yrs1542 (5%)22717 (11%)51678 (11%)
10-19 Yrs5052 (18%)29266 (14%)59459 (13%)
20-29 Yrs9282 (33%)39951 (19%)75828 (17%)
30-39 Yrs3276 (11%)29071 (14%)64725 (14%)
40-49 Yrs2028 (7%)21089 (10%)52558 (11%)
50-59 Yrs2312 (8%)22526 (11%)54489 (12%)
60-69 Yrs2059 (7%)18395 (9%)45845 (10%)
70+ Yrs2329 (8%)17563 (8%)40696 (9%)
Median HH Income$62,723$49,683$53,584
Total Household Income< 24K2498 (25%)21122 (29%)42888 (25%)
25-49K1494 (15%)15413 (21%)35898 (21%)
50-74K1714 (17%)12247 (16%)28327 (17%)
75-99K818 (8%)8011 (11%)21445 (12%)
100-199K1852 (18%)11684 (16%)30382 (18%)
200K+1470 (14%)4304 (5%)7463 (4%)
Highest Education LevelNo Diploma11692194347311
Diploma or GED18973609191141
Some College13362009650908
Assoc. Degree534709721650
Bachelors Degree44382283449121
Higher Degree62851952036724
Total Housing Units11,60085,309188,509
--Owner-Occupied3,83729,33680,259
--Renter-Occupied6,00943,44586,144
Owner-Occupied Values< 100K11617544294
100-199K4961033830834
200-299K734906428018
300-399K70636509002
400-499K38715123243
500K+139830184868
Total Working Age Population25,491164,161361,374
In Work Force15,466101,717232,680
Not In Work Force10,02562,445128,694
Workforce Employed14,67994,736217,837
Workforce Unemployed7876,92014,656
Civlian Workforce15,466101,656232,493
Military Workforce061187
Total Households9,84672,780166,403
Family Households3,78140,52897,641
Non-Family Households6,06532,25368,762
Married Couple3,08223,97560,003
Other Family69916,55337,638
Married w/Child1,18710,09125,402
Single Male w/Child1661,7174,424
Single Female w/Child2677,61515,879

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Massachusetts6,349,097+36,547,629+66,933,887+47,225,472
Bristol County534,678+3548,285+2561,478+1567,277
Rhode Island1,048,31901,052,56701,049,177+21,070,677
Bristol County50,648-249,875-248,957049,192
Kent County167,090-1166,158-1164,452+1166,619
Providence County621,602+1626,6670627,214+2639,847

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Address Price Sq Ft Acres
182 Waterman Street, Providence, RI $1,099,000 6900 -
11 Preston Street, Providence, RI $775,000 5274 0.11
328 Williams Street, Providence, RI $1,400,000 3952 0.11
266 Wickenden Street, Providence, RI $1,250,000 6342 0.09
23 James Street, Providence, RI $1,025,000 8636 0.19
12 Cady Street, Providence, RI $1,495,000 6530 0.1
284 Atwells Avenue, Providence, RI $1,299,000 9106 0.3
508 Branch Avenue, Providence, RI $329,000 2944 0.18
508 Branch Avenue, Providence, RI $329,000 2944 0.18
77 Vandewater Street, Providence, RI $350,000 5382 0.1
Closest Commercial Airports
Airport Distance (mi)
Theodore Francis Green State Airport (PVD) 7
General Edward Lawrence Logan International Airport (BOS) 42
Bradley International Airport (BDL) 67