CCertihomes
169 Waterman, Providence, RI 02906

$1,750,000

0 beds 0 baths Built 1900Active

About this home

Rare opportunity to own a 7 unit apartment building (zoned for 6) in the heart of College Hill/Wayland neighborhoods. Quick walk (4 blocks) to Brown Campus and Thayer Street make this a high demand location. Currently used as cooperative housing with 6 units rented well below market and 1 vacant unit. All leases expire in August 2024. Opportunity awaits to reposition this investment property-choose your own tenants and set your own rents! Each unit has its own gas meter and boiler. Gas fired hot water tanks are on a house meter. 1 electric meter. Small laundry room on site in basement for Tenants. Hardwood floors and fireplaces give these apartments charm. Vinyl siding and replacement windows allow for easier upkeep. Parking for up to 7 cars on property plus street parking available. Fire code compliant.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$16,968/mo

Real estate (PITI + HOA + PMI)
$13,742
Principal + interest$7,937
Property tax + insurance$5,149
PMI / 2nd mortgage$656
Utilities
$7,250
Heating + cooling$3,472
Internet + TV + phone$140
Water + sewer + garbage$58
Transportation
$162
Car insurance + maintenance$162
Other (entertainment)
$140
$16,968/mo TLC
Budget$17,468/mo
Remaining after TLC$500/mo
Purchase price
$1,750,000
Down payment
$87,500 (5%)
Loan amount
$1,662,500
APR
4%

Quick facts

Type
Commercial Sale
Style
Year built
1900
Lot size
Stories
0
Heating
Gas Connected
Cooling
None
Water
Connected
HOA
Annual tax
$34,608
MLS #
1358121
County
Providence

At a glance

Basement

Home features

Interior
Ceiling Height: 7-9 Ft
Sewer
Connected

Lot features

Free Standing, Urban

Neighborhood — 02906

MetricThis ZIPCountyUSA
Population27,4391,095,423299,088,112
Population Change Since19905.00%9.00%20.00%
Population Density8,328994
Male12,990529,266147,432,321
Female14,449566,157151,655,844
Never Married11,048266,40463,775,926
Married8,753435,678123,120,365
Separated1,02143,64212,639,686
Widowed1,50766,66815,467,586
Divorced1,75683,84323,075,029
Number Of House Hold12,165410,399111,826,380
Average House Hold Size2.072.562.60
Medial Age32.6337.2735.46
Median House Hold Income$50,835$47,553$48,276
Average House Hold Income$89,945$61,609$63,629
P C I$41,852$23,965$24,529
M D I$43,123$40,634$41,133
A T H E$63,958$49,940$50,898
S T R7.00%7.00%
W C J84.35%78.02%77.74%
(Zip) Code
2906

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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RI & State Wide MLS

Listing information last refreshed 5/6/2024. Provided courtesy of the listing office via RI & State Wide MLS. Information deemed reliable but not guaranteed.