53 Alger Ave Providence, RI 02907
South Elmwood NeighborhoodEstimated payment $4,503/month
About This Home
Excellent investment opportunity in Providence! This well-maintained, fully occupied 3-family property offers immediate rental income with tenants already in place. Each unit features spacious layouts, providing comfortable living and strong rental appeal. Off-street parking adds convenience for tenants, making this an ideal addition to any investment portfolio. Located in the convenient South Providence neighborhood, the property is close to shopping, dining, grocery stores, and everyday amenities. Just minutes to Downtown Providence, Federal Hill, and major employers. Conveniently located near Rhode Island Hospital, Hasbro Children's Hospital, Brown University, Johnson & Wales University, and Rhode Island School of Design. Easy access to I-95, Route 10, and I-195 provides seamless commuting throughout Rhode Island and into Massachusetts. Nearby Roger Williams Park, RIPTA transit, schools, and T.F. Green Airport complete this exceptional investment opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,199
Year Built
- Built in 1930
Lot Details
- 6,098 Sq Ft Lot
Home Design
- Vinyl Siding
Interior Spaces
- 4,167 Sq Ft Home
- Laminate Flooring
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 4 Parking Spaces
- No Garage
Utilities
- No Cooling
- Heating System Uses Oil
- Baseboard Heating
- Electric Water Heater
Community Details
- 3 Units
Listing and Financial Details
- Tax Lot 020
- Assessor Parcel Number 53ALGERAVPROV
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,199 | $514,200 | $131,200 | $383,000 |
| 2024 | $6,320 | $344,400 | $88,200 | $256,200 |
| 2023 | $6,320 | $344,400 | $88,200 | $256,200 |
| 2022 | $6,130 | $344,400 | $88,200 | $256,200 |
| 2021 | $5,074 | $206,600 | $59,500 | $147,100 |
| 2020 | $5,074 | $206,600 | $59,500 | $147,100 |
| 2019 | $5,074 | $206,600 | $59,500 | $147,100 |
| 2018 | $4,963 | $155,300 | $54,100 | $101,200 |
| 2017 | $4,963 | $155,300 | $54,100 | $101,200 |
| 2016 | $4,963 | $155,300 | $54,100 | $101,200 |
| 2015 | $3,701 | $111,800 | $42,100 | $69,700 |
| 2014 | $3,773 | $111,800 | $42,100 | $69,700 |
| 2013 | $3,773 | $111,800 | $42,100 | $69,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/15/2026 07/15/26 | Pending | -- | -- | -- |
| 07/08/2026 07/08/26 | For Sale | $710,000 | -- | $170 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $252,000 | None Available | |
| Warranty Deed | $39,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $50,000 | Unknown | |
| Open | $458,080 | New Conventional | |
| Previous Owner | $450,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $30,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $335,000 | Purchase Money Mortgage | |
| Closed | $205,000 | No Value Available | |
| Closed | $218,000 | No Value Available | |
| Previous Owner | $157,500 | No Value Available |
Source: State-Wide MLS
MLS Number: 1417202
APN: PROV-880020-000000-000000
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