Multifamily Housing
28 Pitman Street Providence, RI 02906
Details & Description
Price: $4,650,000
    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
    • 28 Pitman Street Providence, RI 02906 | for Sale | Photo 1
    • 28 Pitman Street Providence, RI 02906 | for Sale | Photo 2
    • 28 Pitman Street Providence, RI 02906 | for Sale | Photo 3
    • 28 Pitman Street Providence, RI 02906 | for Sale | Photo 4
    • 28 Pitman Street Providence, RI 02906 | for Sale | Photo 5
    28 Pitman Street | for Sale | Thumbnail 1
    28 Pitman Street | for Sale | Thumbnail 2
    28 Pitman Street | for Sale | Thumbnail 3
    28 Pitman Street | for Sale | Thumbnail 4
    28 Pitman Street | for Sale | Thumbnail 5
    Building Size: 25,018 SF
    Lot Size: 0.320 AC
    Land Size: 13,939 SF
    Building $/SF: $185.87
    Land $/SF: $333.60
    Price
    $4,650,000
    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

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    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:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 28 Pitman Street in Providence?
    The asking price for 28 Pitman Street is $4,650,000
    What is the building size of this Multifamily property in Providence, RI?
    The size of the building/unit at 28 Pitman Street in Providence is 25,018 square feet
    How much land does the Providence, RI property at 28 Pitman Street include?
    28 Pitman Street in Providence includes 0.320 acres of land
    What is the population within 1 mile of 28 Pitman Street in Providence?
    The population within 1 mile of 28 Pitman Street Providence, RI 02906 is 27,880 people.
    Who do I contact for questions about 28 Pitman Street?
    You should contact the listing agent, Jason Braun, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    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