513 Charles St, Providence, RI, 02904
24 rooms
10 beds
6 Full baths
1900
3,550 sqft
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:
Multi-family
Units:
6
Zoning:
RES
Basement:
Full, Unfinished
Levels:
3
Parking:
12-car, Paved Drive, Off Street
Acreage:
0.11
Est. Taxes:
$18,164
Assessment
$698,600
Construction
Frame
Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School
MLS #:
73521978
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Spectrum Real Estate Consultants, Keller Williams Realty Leading Edge 401-333-4900