Courtesy: Innovations Realty
401-414-7414
Turnkey, high-yield 8-unit new construction investment ready for immediate cash flow. Nearing completion and already in the process of securing tenants, this asset eliminates lease-up risk and positions the next owner for instant income. Featuring a desirable mix of 1-bedroom and 2-bedroom units, the property caters to strong rental demand. A valuable 5-year tax stabilization agreement is in place, with taxes starting at just 20% in Year 1 and 40% in Year 2 dramatically boosting early returns and investor ROI. Priced at $1,750,000, this is an exceptional opportunity for a savvy investor to acquire a low-maintenance, income-producing asset with significant financial advantages and long-term appreciation potential.
Courtesy: Cathedral Properties
401-265-0960
Ask about forgivable and repayable down payment assistance with our preferred lender!! Minutes to downtown Providence train station, local universities and area hospitals. This two family with in law unit was remodeled down to the studs in 2023 with new everything. Electrical,insulation,plaster,windows,plumbing, and siding. It features over 3288 sq ft with 7 beds and 4 full bathrooms total. Second floor unit is a townhouse with tons of possibilities. Including adding an additional office area on the third floor. This unit also features two separate family room living room areas. Kids can be upstairs with adults downstairs. No fighting over tv shows. Both kitchens have stainless steel appliances with dishwashers and quartz countertops. Why rent when you can live rent free.
Courtesy: Residential Properties Ltd.
401-274-6740
Located in the heart of Fox Point, just steps from historic Benefit Street, this exceptional 8-unit, two-building property offers a rare investment opportunity in one of Providence's most desirable neighborhoods. With a strong existing income stream and mostly month-to-month tenants, there's immediate potential for improvement to enhance overall returns. Both buildings have been well maintained, offering a solid foundation for additional improvements that could further elevate value and performance. The prime location allows residents to enjoy easy access to all that Fox Point has to offer, along with the scenic waterfront and walking paths of India Point Park. Whether you're expanding an established portfolio or taking the first step in building one, this property represents a smart, high-potential addition in a premier location.
Courtesy: RE/MAX Preferred
401-353-2200
UPDATE! Near completion! Investors take notice! Prime location near Providence College. Fantastic opportunity to purchase a brand-new construction two-family home perfect for owner-occupants or rental income. This up-and-down two-family will feature two spacious units, Unit 1 otherwise known as 1st level offers 3 bedrooms and 1 bathroom. Unit 2 aka 2nd floor is a town-house style unit with an upper level that has 3 additional Bedrooms and Rec Room space, giving this unit a total of 6 bedrooms and 2 full bathrooms! Window wells in the basement giving you the option for future bedrooms (at your expense of course). All Stainless Steel appliances included in both units which include: stove, refrigerator, microwave, and dishwasher. Separate utilities! Laundry area on each floor, yes, all three floors! Gas heat, heat pump, which includes central air. Quality 6-inch construction throughout with maintenance-free Vinyl Siding, and Pella windows. Additional highlights include off-street parking for 3+ vehicles and a convenient location close to shopping, dining, and public transportation. Live in one unit and generate income from the other, or add a strong asset to your investment portfolio. With PC close by, this home has the potential for a huge monthly rental income with a total of 9 bedrooms and 3 bathrooms making it the perfect property for large families or college living.
Courtesy: RE/MAX Preferred
401-353-2200
Investors take notice! Prime location near Providence College. Fantastic opportunity to purchase a brand-new construction two-family home perfect for owner-occupants or investment income. Near completion! This up-and-down two-family will feature two spacious units, each offering 4 bedrooms and 2 bathrooms. All appliances included in both units which include: stove, refrigerator, microwave, and dishwasher. Space for laundry on each level. Separate utilities! Enjoy gas heat, central air, and quality 6-inch construction throughout with maintenance-free Vinyl Siding. Additional highlights include off-street parking for at least 3 vehicles. A convenient location close to shopping, dining, and public transportation. Live in one unit and generate income from the other, or add a strong asset to your investment portfolio. OR! double up with a friend or family and buy it together. Pay 1/2 the asking price for each unit, it's a perfect scenario to own a brand new home. Where else can you go for that price? Additional street parking available (if needed) in the city of Providence with a permit for a small yearly fee. Be sure not to miss this opportunity! Don't delay, call today!
Opportunity to acquire a multi-parcel assemblage offering strong in-place income with substantial development upside. Individually stable and collectively powerful, this portfolio presents both immediate cash flow and long-term density potential.Highlights:278 Point Street: 3-family, fully rented, ~$5,600/month income; right to add 3 additional units by right (no variances) 3,088 SFLand 7,522 SF15–17 Emmett Street: 3-family, fully rented, ~$4,200/month income; right to add 1 additional unit by right3,007.5 SFLand 4,190 SFBeacon Street: Development potential for 1–2 additional unitsStrong existing cash flow while pursuing expansionAssemblage potential to support a redevelopment exceeding 28+ residential units (subject to planning & zoning review)Ideal for investors or developers seeking stabilized income with significant future build-out opportunity.
Courtesy: Peter M. Scotti & Assoc.,Inc.
401-421-8888
Elmwood Residential/Commercial Multi-family in prime location. Excellent investment opportunity with this mixed-use property with very high traffic count. Located on a corner lot creates high visibility. Desirable location with easy access to shopping, downtown, interstate and airport. First floor offers a bright and meticulously kept commercial space and front porch - Could also be a residential apartment. The second floor consists of a 2 bedroom stylish apartment with great additional square footage potential (expand to third floor to create a chic townhouse). Replacement windows, artisan hardwoods & period charm. Laundry in basement. Long-term tenants at will. Rents are markedly below current demand. Off- street parking. Property will convey in As-Is condition. Sale is for property only. Schedule your private showing today! Property also listed under commercial/MLS #1404147
Providence is located in Rhode Island. Providence, Rhode Island has a population of 188,812. Providence is more family-centric than the surrounding county with 27.74% of the households containing married families with children. The county average for households married with children is 27.53%.
The median household income in Providence, Rhode Island is $55,787. The median household income for the surrounding county is $65,797 compared to the national median of $69,021. The median age of people living in Providence is 32.1 years.
The average high temperature in July is 82.7 degrees, with an average low temperature in January of 18.9 degrees. The average rainfall is approximately 49.3 inches per year, with 36.2 inches of snow per year.
