94-96 Medway Street

For Sale

94-96 Medway Street, Providence, RI 02906

This Providence property for sale is located at 94-96 Medway Street. The current listed sale price for 94-96 Medway Street is $2,795,000. 94-96 Medway Street is situated on a lot that is 0.15 acre in size.

Contacts

Leeds Mitchell IV, SIOR

MG Commercial

Property Details

  • 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
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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

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

Getting around

  • 92/100

    Walk Score ®

  • 43/100

    Transit Score ®

  • 72/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Providence, RI
  • Neighborhood Wayland
  • Zip Code 02906
  • Market Providence

Points of Interest

  • Providence

    1.23 miles

  • Pawtucket/Central Falls

    3.40 miles

  • T. F. Green Airport

    7.55 miles

  • ChargePoint

    0.50 miles

  • Shell

    0.90 miles

  • Cumberland Farms

    1.27 miles

  • Sunoco

    1.29 miles

  • Gilmores

    1.41 miles

  • Capital Gulf

    1.50 miles

  • Independent

    1.75 miles

  • Speedway

    1.75 miles

  • Citgo

    1.91 miles

  • eVgo

    6.89 miles

  • Lot 102

    0.39 miles

  • Lot 1

    0.40 miles

  • Lot 90

    0.42 miles

  • Lot 86

    0.43 miles

  • Lot 89

    0.43 miles

  • Lot 44

    0.47 miles

  • Lot 2

    0.49 miles

  • Lot 54

    0.49 miles

  • Lot 55

    0.49 miles

  • Lot 172

    0.50 miles

  • Wyndham Garden Downtown Providence Hotel

    0.75 miles

  • The Old Court Bed & Breakfast

    0.99 miles

  • Hampton Inn & Suites Providence Downtown

    1.11 miles

  • The Beatrice

    1.11 miles

  • Aloft

    1.14 miles

  • Homewood Suites

    1.15 miles

  • Graduate by Hilton Providence

    1.28 miles

  • Providence Marriott Downtown

    1.29 miles

  • Courtyard Providence Downtown

    1.31 miles

  • Hotel Providence

    1.36 miles

  • Whole Foods Market

    0.20 miles

  • Eastside Marketplace

    0.31 miles

  • Fox Point Grocers

    0.62 miles

  • Friends Marketplace

    0.79 miles

  • Trader Joe's

    0.95 miles

  • The Arcade

    1.14 miles

  • Boscov's

    1.37 miles

  • Providence Place Mall

    1.40 miles

  • Macy's

    1.41 miles

  • Benny's

    1.42 miles

Contact Listing Broker
Leeds Mitchell IV, SIOR

MG Commercial

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.