94-96 Medway Street

94-96 Medway Street, Providence, RI 02906

Property Information

  • For Sale $2,795,000
  • Property Type Multi-Family
  • Property Size 9,504 SF
  • Units 12
  • Lot Size 0.15 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1930
  • Date Updated Jun 15, 2026

Description

Located in Wayland Square on Providence’s East Side, 94–96 Medway Street offers investors a stabilized multifamily opportunity in one of the city’s most desirable rental submarkets. The property benefits from walkable access to dining, retail, transit, and everyday amenities, while remaining close to major demand drivers including Brown University, RISD, College Hill, and East Side employment centers. With strong tenant demand, limited competing supply, and a high-barrier location, 94–96 Medway Street represents a compelling opportunity to acquire an income-producing asset in a proven Providence neighborhood.94–96 Medway Street is a 12-unit multifamily property in Providence’s highly desirable Wayland Square neighborhood on the East Side. The 9,504 SF building consists of twelve one-bedroom units and offers investors a stabilized income-producing asset with upside through unit upgrades, rent growth, and operational improvements. With all units separately metered for utilities, walkable access to Wayland Square amenities, and proximity to Brown University, RISD, College Hill, downtown Providence, and major employment centers, the property benefits from strong tenant demand and efficient operations in a high-demand rental market.

Highlights

  • Easy-to-manage building, ideal for both new and experienced investors
  • Potential garden level unit to increase unit count
  • Potential NOI increase of $26K with minimal cost
  • Some units leased fully furnished
  • Stabilized 12-unit multifamily asset in a high-demand rental market
  • Strong East Side location with walkable amenities and excellent transit access
  • Walking distance to Brown University, RISD and Wayland Square

Contacts

Leeds Mitchell IV, SIOR

MG Commercial

Location

Located at 94-96 Medway Street, Providence, RI 02906, this property is part of the Wayland neighborhood and Providence market.

Contact Listing Broker
Leeds Mitchell IV, SIOR

MG Commercial

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