$1,490,000

House for sale Providence
Property photo number 1 of 16 Photos for Property. File  104542627_29_44a21764da78fc28af1107806224546b.jpeg

Overview

SUMMARY: Discover an opportunity with this Providence house for sale and available for $1,490,000. This could be your next ideal home or a smart investment. More details await.
One of the best-located two-families on the East Side, positioned right between Wayland Square and College Hill. Fully gut renovated in 2020 from the foundation up. Structure, systems, interior, exterior, all rebuilt to a high standard. This is as turnkey as it gets. Eight
bedrooms and five baths across two apartments. Unit 1 is a true 3 bed / 2 bath with its own independent footprint. Unit 2 spans two levels with 5 beds / 3 baths and lives like a private townhouse. Leased through May 2027 with zero vacancy history. Tenants pay gas and electric. $8,800/month gross rent. $80,040 NOI. Central air, in-unit laundry, off-street parking, and full-height basement with ADU potential. The value here is flexibility. Hold it as a stabilized long-term rental. Convert to condos and sell individually down the road. Explore an ADU for a third income stream. Let leases reset in 2027 and push rents to market. Or live in the townhouse unit yourself while the first floor offsets ownership costs. Multiple ways in. Multiple ways out. Priced at $1,500,000 with $80,040 NOI and a clear path toward a 6%+ return over time. Buy it stabilized. Reposition it on your terms.
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Details

  • Beds: 8
  • Baths: 5
  • Price: $1,490,000
  • Reference No.: 94366275
  • Area: 3,435 sqft

Location

Marketed by:

  • Scott Champagne
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