|
|
Discover an oversized two-family in the heart of Providence with the layout, parking, and long-term upside buyers are looking for. Offering over 2, 100 sq ft of living space, this property delivers more room and flexibility than most multi-families on the market.
First floor unit occupied with month to month tenant. Rent is under market value. Second and third floor unit is vacant presently.
The first-floor unit features 2 bedrooms and 1 bathroom with separate gas heating and gas hot water, making it ideal for an owner-occupant or tenant with predictable utility use. The spacious townhouse-style second unit spans the second and third floors, offering 3 bedrooms and 1 bathroom. This unit has separate oil heat and gas hot water (tied into the first-floor line), allowing for simple utility management and straightforward upgrades if desired.
Off-street parking plus a detached two-car garage provide rare convenience in the city.
The home is functional, and already has some cosmetic updates in place, while still offering plenty of value-add potential for someone who wants to finish the improvements. With comps in the area trending upward, this is the kind of property where smart updates can immediately create equity.
Located on a quiet residential street near RI Hospital, local schools, parks, shopping, and the highway, this is an excellent opportunity for both owner-occupants and investors.
Priced to reflect the light interior and exterior work remaining.
Copyright © 2026 State-Wide MLS, Inc. All rights reserved.Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$539,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $431,920 | $431,920 | $431,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.144% | 5.415% |
| Monthly Tax Payment | $493 | $493 | $493 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,486 | $2,587 | $3,444 |
| Total Monthly Payment | $3,071 | $3,172 | $4,029 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.