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$ 999,000
Est. payment | /mo
10 Beds
6 Baths
3,550 SqFt
$ 999,000
Est. payment | /mo
10 Beds
6 Baths
3,550 SqFt
Key Details
Property Type Multi-Family
Sub Type 5+ Family - 5+ Units Side by Side
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $281
MLS Listing ID 73521978
Bedrooms 10
Full Baths 6
Year Built 1900
Annual Tax Amount $18,164
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type 5+ Family - 5+ Units Side by Side
Property Description
A RARE PROVIDENCE VALUE-ADD WITH BONUS DEVELOPMENT POTENTIAL. Well-kept 6-unit (legal 5) property in Providence's Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
Location
State RI
County Providence
Zoning RES
Direction USE GPS
Rooms
Basement Full, Unfinished
Interior
Flooring Tile, Vinyl
Exterior
Community Features Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
Roof Type Shingle
Total Parking Spaces 12
Garage No
Building
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Others
Senior Community false
Listed by Keller Williams Realty Leading Edge
Nearby Locations
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