$589,900

About this home

This well-maintained 6-bedroom 3-bathroom multifamily property presents a strong investment opportunity for both owner occupants and traditional investors. "The Gilmore" is currently operated as a successful short term rental property, generating 6 figure rental income. This property can also be operated as a traditional multi-family rental with estimated rent roll exceeding $100k. This can also be a great opportunity for multi-generational and owner-occupied living while building equity. Recent capital improvements include the installation of two new boilers, blow-in insulation for efficiency, a new water main, and no-maintenance PEX plumbing throughout. If the buyer wishes to continue operating the property as a short term rental, the seller is willing to stay onboard to support the transitional period and offer consulting as part of the transaction. Furnishings, linens, and all fixtures (excluding artwork) are negotiable. Established operational systems, including housekeeping, laundry services, and a dedicated handyman, are in place to support continued operations if the buyer chooses to continue with short term rentals. This property can be delivered as a turn-key short term rental, or vacant and ready for its new owner and tenants.

Property facts

Property type

Multi Family

Year built

1930

Lot size (acres)

0.08

Total rooms

12

Garage spaces

0

Total parking

6

Annual taxes

$5,466

Tax year

2025

County

Providence

Features

Heating

Natural Gas, Baseboard, Forced Water

Cooling

None

Basement

Full, Interior and Exterior, Unfinished

Appliances

Microwave, Oven, Range, Refrigerator, Gas Water Heater

Interior

Attic, Plumbing (Mixed), Insulation (Ceiling), Insulation (Floors), Insulation (Walls)

Fireplace

None

Parking

No Garage

Construction

Vinyl Siding

Utilities

Sewer Connected, Water Connected

Community

Bus, Highway Access, Hospital, Interstate, Private School, Public School, Shopping

Lot

Fenced, Sidewalks

Location