Investment Overview

Marcus and Millichap are pleased to exclusively list 39 Cleveland Street for sale, a multifamily opportunity consisting of 12 apartments located in North Providence. As Rhode Island’s capital, Providence has one of the strongest economies throughout New England, coupled with a world class healthcare system and leading institutions of higher education. The educational opportunities and the comprehensive healthcare infrastructure supports the wellbeing of the city’s residents and contributes to its attractiveness as place to live and work- leading to low vacancy raters for Multi family housing. Providence benefits from a robust transportation infrastructure that not only serves the immediate area effectively but also provides coinvent connections to the broader New England and New York regions. Its strategic location between Boston and New York City makes it an attractive spot for those seeking more affordable living options while still having access to these major metropolitan areas. Located in very close proximity to both Providence College and Brown University, two of New England's best educational institutions, the subject property is on the outskirts of a robust student housing rental market where rents currently exceed $1,200 per BEDROOM and similar apartment buildings are currently selling for $300,000 per unit while 39 Cleveland Street is asking only $150,000 per unit.