191 Dexter ST, Providence, RI 02907
191 Dexter ST, Providence, RI 02907
191 Dexter ST, Providence, RI 02907
191 Dexter ST, Providence, RI 02907
191 Dexter ST, Providence, RI 02907
191 Dexter ST, Providence, RI 02907
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Fida Salameh

Fida Salameh

+1(401) 545-1158
$ 2,750,000
Est. payment | /mo

10,623 SqFt

Save
$ 2,750,000
Est. payment | /mo
Save

10,623 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,623 sqft

Price per Sqft $258

Subdivision West End/ Armory District

MLS Listing ID 1421663

HOA Y/N No

Abv Grd Liv Area 10,623

Year Built 1900

Annual Tax Amount $37,067

Tax Year 2025

Lot Size 0.316 Acres

Property Sub-Type Commercial

Property Description

Four buildings and 14 units anchor this Dexter Street assemblage in Providence's West End/Armory neighborhood, off Westminster Street near Cranston Street, offered together on two contiguous R-3 lots totaling 13,776 square feet (Map 31, Lots 142 and 143). The unit mix spans seven one-bedroom, six two-bedroom, and one four-bedroom apartment, for 23 bedrooms and 18 bathrooms in all, with each unit separately metered for heat, hot water, and electric. A two-car garage adds to ample off-street parking, with a dedicated space assigned to every unit, and lead certificates are on file across the portfolio. The portfolio is priced at a 6.0% cap rate on current income. Long-term ownership has kept rents meaningfully below market: annualized income of $228,060 is below achievable market rents of $269,400 by roughly 15% to 18% rent upside that pushes yield to 7.6% once units are repositioned to market an upside the asking price does not capture. Expenses are stabilized and fully documented, leaving $148,832 available for debt service today and $190,172 at market rents. Lead Certificates for all units; floor plans and 3D walk through available for most units.

Location

State RI

County Providence

Community West End/ Armory District

Zoning R3

Interior

Heating Baseboard, Hot Water

Exterior

Pool Community

Community Features Highway Access, Near Schools, Playground, Pool, Public Transportation, Recreation Area, Restaurant

Utilities Available Sewer Connected

Amenities Available Playground, Pool, Restaurant

Street Surface Concrete

Total Parking Spaces 18

Building

Sewer Connected

Water Connected

Structure Type Frame

New Construction No

Others

Tax ID 191199DEXTERSTPROV

© 2026 State-Wide Multiple Listing Service. All rights reserved.
Listed by Westcott Properties
Fida Salameh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(401) 545-1158

salamehfida25@gmail.com

70 Fieldside Drive, Woonsocket , Rhode Island 02895, USA

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191 Dexter ST