NOT LISTED FOR SALE

23 Richter St Providence, RI 02908

Smith Hill Neighborhood

Estimated Value: $602,000 - $644,000

6 Beds
3 Baths
3,198 Sq Ft
$194/Sq Ft Est. Value

About This Home

Well-Maintained Three-Family Investment Property with Upside PotentialThis solidly performing multi-family property features 6 bedrooms and 3 full baths across three units, offering strong and stable income potential. Currently generating $4,500/month in rent, the units are priced below market, allowing immediate value-add opportunities through rent adjustments.Two units include in-unit washer and dryer, increasing tenant appeal and supporting strong retention. Tenancies are primarily month-to-month, with one lease in place through May 2026, providing both flexibility and stability for investors.Recent upgrades include: Roof and porch upgrades, new heating system for 3rd floorLocated within walking distance of the Providence VA Medical Center, and close to Aldi, local colleges and universities, major commuter routes, and TF Green Airport, this property is ideally situated in a high-demand rental area.Perfect for investors seeking stable cash flow.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2009
Sold by
Genao Jose A
Bought by
Koneff Abraham D
Current Estimated Value
$619,873
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Koneff Abraham D $85,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2026 01/08/26 For Sale $629,900 -- $197 / Sq Ft

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,846 $560,400 $142,700 $417,700
2024 $6,349 $346,000 $67,400 $278,600
2023 $6,349 $346,000 $67,400 $278,600
2022 $6,159 $346,000 $67,400 $278,600
2021 $4,976 $202,600 $33,200 $169,400
2020 $4,976 $202,600 $33,200 $169,400
2019 $4,976 $202,600 $33,200 $169,400
2018 $4,609 $144,200 $35,700 $108,500
2017 $4,609 $144,200 $35,700 $108,500
2016 $4,609 $144,200 $35,700 $108,500
2015 $4,333 $130,900 $46,700 $84,200
2014 $4,418 $130,900 $46,700 $84,200
2013 $4,418 $130,900 $46,700 $84,200
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2026

    Aleece Silva

    eXp Realty

    2 Total Sales

    Aleece Silva
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Map

Rhode Island Providence County Providence 02908 Smith Hill

23 Richter St, Providence, RI

Not Listed for Sale

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