Northeast Private Client Group Brokers $3.425 Million Sale of Four-Building Multifamily Portfolio in Providence

October 21, 2026 - 01:42

A four-building multifamily portfolio in Providence has changed hands for $3.425 million. The deal covers The Federal Hill Collection, a group of apartment properties located in the city's Federal Hill neighborhood.

The transaction was handled by a brokerage team that specializes in multifamily investment sales across the Northeast. The sale points to continued investor interest in Providence's rental market, where demand for apartment units has remained steady despite broader uncertainty in commercial real estate.

Federal Hill is one of Providence's most established neighborhoods, known for its restaurant scene and proximity to downtown. Small multifamily buildings in the area have drawn attention from buyers looking for stable income properties with room for rent growth.

The portfolio sale reflects a pattern seen across smaller New England markets this year, where local and regional investors are competing for well-located apartment buildings. Deals of this size often attract private buyers rather than large institutional funds, which has kept activity moving even as financing costs remain elevated.

Details on the individual buildings, unit counts, and buyer were not disclosed. The sale closed after a marketing process that drew multiple offers, according to the brokerage involved.