September 12, 2025 – Sean McHale, Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a three (3) unit multi-family Property in Providence, Rhode Island. Horvath & Tremblay exclusively represented the seller in the transaction. The multi-family Property sold for $1,050,000 which represents $350,000 per unit.
The multi-family Property is located at 123 Vinton Street in Providence, Rhode Island. The Property is comprised of a three-story building with three (3) residential units consisting of two (2), 4-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 4,639 square feet of living area in 6,260 square feet of total gross area on a 0.07-acre parcel. The Property is separately metered for electricity, gas fired heat, and gas fired hot water, which the tenants pay directly. The Landlord is responsible for common area electric, domestic water and sewer. The Property includes 6 off-street parking spaces. All of the units have been well-maintained and have been rewired (electric) and re-plumbed. All of the units have central air-conditioning, dishwashers, laundry in unit, granite countertops, stainless steel appliances, and basement storage. Centrally located in the Federal Hill neighborhood of Providence, 123 Vinton Street is within a few blocks of Broadway and Westminster Street and is a short walk from Providence’s Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities. The Property is also just 1.2 miles from the Providence Train Station (Amtrak, Acela & the MBTA’s Providence/Stoughton Line). Adding to the area’s appeal is the proximity to a robust employment market, local and national retailers and restaurants, and major roadways. 123 Vinton Street offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.