Search / Providence / 83 Terrace Avenue

Active · 46 days on market

$579,000

83 Terrace Avenue, Providence, RI 02909

5 bd · 3 ba · built 1900

Listing courtesy of Smith And Oak Real Estate Co., Devon Urena

About this home

Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72,000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.

Property facts

Property type
Multi Family
Year built
1900
Lot size (acres)
0.068
Total rooms
13
Garage spaces
2
Total parking
2
Annual taxes
$4,014
Tax year
2026
HOA / condo fee
$0
Fee frequency
Monthly
Neighborhood
Silver Lake
County
Providence

Features

Heating
Natural Gas, Baseboard
Cooling
Wall Unit(s)
Basement
None
Appliances
Gas Water Heater
Interior
Wall (Dry Wall), Plumbing (Mixed), Insulation (Unknown)
Fireplace
None
Laundry
Off Site
Parking
Attached
Construction
Dry Wall, Masonry, Other Siding, Shingles, Vinyl Siding
Utilities
Sewer Connected, Water Connected
Sewer
Public
Water
Public
Community
Bus, Commuter Bus, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Restaurants, Schools, Shopping
Exterior
Patio, Porch
Lot
Sidewalks

Location

MLS# 1421951 · Source: State-Wide Multiple Listing Service, Inc. · Listing courtesy of Smith And Oak Real Estate Co.

More homes in Providence