New Listing - 05/20/2026
513 Charles Street, Providence, RI, 02904
1900
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.
Status:
Active
Type:
Commercial
Units:
6
Heating:
Baseboard, Forced Air, Space Heater
Parking:
12-car
Est. Taxes:
$18,164
Assessment
$698,600
Utilities
Natural Gas Connected,Sewer Connected
Amenities:
Highway Access, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
MLS #:
1413142
Community Info
School Info
Walk Score
Mass Transit
Yelp
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