23 Richter St Providence, RI 02908
Smith Hill NeighborhoodEstimated payment $3,929/month
Highlights
- Marina
- City View
- No HOA
- Medical Services
- Property is near public transit and schools
- 3-minute walk to Davis Park
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,825
Year Built
- Built in 1930
Lot Details
- Fenced
- Property is zoned R3
Property Views
- City
- Scenic Vista
Home Design
- 3,198 Sq Ft Home
- Split Level Home
- Asphalt Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- 2 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and schools
Utilities
- No Cooling
- 3 Heating Zones
- Heating System Uses Natural Gas
- 100 Amp Service
Additional Features
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 588410
Community Details
Overview
- No Home Owners Association
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Park
- Jogging Path
- Bike Trail
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 |
|---|---|---|---|---|
| 01/08/2026 01/08/26 | For Sale | $629,900 | -- | $197 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $85,000 | -- |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73470813
APN: PROV-820071-000000-000000
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