A six-unit property consisting of two three-family homes, located near Brown University in one of Providence’s most rapidly developing areas. Originally a 1900s-era frame building, the property underwent a comprehensive redevelopment, including foundation replacement, structural reconfiguration, and roof reconstruction.
Acquired in 2024 for $1,200,000, this project was effectively a new construction redevelopment, with units reconfigured into two-bedroom, one-bath layouts with dens. The leasing strategy focused on attracting young professionals and graduate students looking for modern housing in a well-connected neighborhood.
This project transformed an aging asset into a prime rental property, benefiting from strong demand and Providence’s constrained housing supply. By incorporating modern design while preserving the property’s historic character, the redevelopment added both functionality and long-term rental upside.
