23 Richter St Providence, RI 02908
Smith Hill NeighborhoodEstimated payment $4,062/month
Highlights
- Medical Services
- Property is near public transit
- Jogging Path
- City View
- Wood Flooring
- 3-minute walk to Davis Park
About This Home
Fantastic investment opportunity in Providence! This well-maintained three-family home offers three spacious 2-bedroom, 1-bath apartments, each featuring a classic double parlor layout. Every unit includes an in-unit washer and dryer for added convenience. The second and third-floor units feature private front porches, and the property also includes a small yard—perfect for tenant enjoyment. All units are in great condition and occupied by reliable, long-term tenants, providing steady rental income. Various recent upgrades offer peace of mind for the next owner. Conveniently located near parks, schools, shopping, dining, and major highways, with easy access to downtown Providence and local universities. Excellent potential for future condo conversion (buyer due diligence).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,845
Year Built
- Built in 1930
Parking
- 2 Car Parking Spaces
Home Design
- Triplex
- Concrete Perimeter Foundation
Interior Spaces
- 3,198 Sq Ft Home
- Property has 1 Level
- Living Room
- Dining Room
- Storage
- Wood Flooring
- City Views
- Block Basement Construction
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Laundry
- Dryer
- Washer
Location
- Property is near public transit
- Property is near schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
Additional Features
- Balcony
- 3,264 Sq Ft Lot
Listing and Financial Details
- Rent includes unit 1(hot water), unit 2(hot water)
- Assessor Parcel Number 588410
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Park
- Jogging Path
- Bike Trail
Additional Features
- 3 Units
- Net Operating Income $54,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $649,900 | -- | $203 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $85,000 | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73455854
APN: PROV-820071-000000-000000
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