$979,000
OPEN SAT 12PM - 2PM

Estimated payment $6,437/month

Total Views 661
8 Beds
4 Baths
4,264 Sq Ft
$230 Price per Sq Ft

Highlights

  • Wood Flooring
  • Bathtub with Shower
  • Laundry Room
  • Recreation Facilities
  • Patio
  • 1-minute walk to Federal Hill’s Bocce Ball Court and Park

About This Home

Rare opportunity to own a meticulously maintained 4-unit multifamily in the heart of Providence's Federal Hill. Each spacious unit features 2 bedrooms, 1 large bathroom, and an identical open layout with hardwood or laminate flooring throughout. Washer/dryer hookups are available in every unit for added tenant convenience. The 4th floor unit includes in-unit laundry, a dishwasher and a jacuzzi tub offering added value and potential for increased rent. Recent upgrades include BRAND NEW electrical panels, a BRAND NEW full building fire alarm system, whole-house leak detection, BRAND NEW siding, a new roof, a new state of the art "Navien" Tankless Combi-units which provide low-cost heating expenses to tenants & new extra blown-in insulation in all exterior walls & attic for cost-efficiency. The property features a robust security system with cameras, spotlights, and programmable electronic locks. The freshly painted and secure basement includes 4 separate rooms to include coin-operated laundry, a utility room, separate storage rooms ideal for additional income opportunities or a potential future 5th unit (buyer to conduct due diligence). Outside, the fenced backyard offers a private outdoor space with poured concrete patios and grassy area! This building can be used for potential Airbnbs and short-term rentals (under city regulations). Fully rented and turn-key, this is a prime investment for those seeking strong cash flow and minimal upkeep in a desirable Providence location.

Listing Agent

Alpern & Mesenbourg Group

Keller Williams Coastal Listed on: 08/11/2025

Keller Williams Coastal

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,219

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot
  • Fenced

Parking

  • No Garage

Home Design

  • Brick Foundation
  • Vinyl Siding

Interior Spaces

  • 4,264 Sq Ft Home
  • 4-Story Property
  • Storage Room
  • Utility Room

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • 100 Amp Service
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Patio
  • Property near a hospital

Listing and Financial Details

  • Tax Lot 311
  • Assessor Parcel Number 96DEANSTPROV

Community Details

Amenities

  • Shops
  • Restaurant
  • Public Transportation

Recreation

  • Recreation Facilities

Additional Features

  • 4 Units
  • Operating Expense $23,844

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,219

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.06
  • Inclusions: Note; Annual income includes coin-operated laundry. See attached documents for annual expense breakdown.
  • Above Grade Finished Sq Ft: 4264.0
  • Garage Yn: No
  • New Construction: No
  • Year Built: 1940
  • Special Features: 4097

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dryer, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Exterior Entry, Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Interior Amenities: Bathtub, Stall Shower, Tub Shower
  • Dining Room Type: Laundry, Storage Room, Utility Room
  • Stories: 4

Exterior Features

  • Fencing: Fenced
  • Construction Type: Vinyl Siding
  • Exterior Features: Patio
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Community Features: Highway Access, Near Hospital, Near Schools, Public Transportation, Recreation Area, Restaurant, Shopping
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 2614.0
  • Parcel #: 96DEANSTPROV

Rental Info

  • Tenant Pays: Hot Water

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 23844.0

Tax Info

  • Tax Annual Amount: 13219.34
  • Tax Lot: 311
  • Tax Map Number: 26
  • Tax Year: 2025

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $979,000 -- $230 / Sq Ft
Source: State-Wide MLS

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Source: State-Wide MLS

MLS Number: 1392339

State-Wide MLS