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    23 Richter St Providence, RI 02908

    New
    For Sale
    $649,900

    Apartment,Multi Family - Providence, RI

    Property size:
    3,198 SF
    Lot size:
    0.07 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 9 at 8:06 pm

    Property Features for 23 Richter St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    Interior features
    Attic, Attic Storage, Insulation (unknown)
    Exterior features
    Balcony
    Size
    3,198 SF
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1930
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Hardwood, Laminate
    Building materials
    Other
    Architectural style
    Other

    Century 21 Limitless (508) 726-3492 [email protected]

    Listing agent Aleece Silva (508) 567-3468

    Listing date Dec 6, 2025

    MLS# 1400368 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Providence Three-Family Home Investment

    Located in the Smith Hill neighborhood of Providence, this three-family home presents an investment opportunity. The property features three units, each with two bedrooms and one bathroom. The units have a traditional double parlor layout and in-unit laundry. The second and third-floor apartments include private front porches. A small yard provides outdoor space. The units are currently occupied by long-term tenants. Recent improvements have been made throughout the property. The property is centrally located near parks, schools, shopping, dining, and major highways, with access to downtown Providence, local hospitals, and universities. The property offers potential for future condo conversion. The lot size is 0.0749 acres and the property size is 3198 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.429874
    Latitude
    41.835321

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    FAQs

    What type of property is this?
    Triplex - Well-maintained three-family home in Smith Hill neighborhood.
    Where is this triplex located?
    The property is located at 23 Richter St Providence, RI.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Strong, stable rental income from day one with reliable, long-term tenants already in place.; - Each unit features in-unit laundry, a desirable modern convenience.; - Well-maintained three-family home with spacious 2-bed, 1-bath units in excellent condition.
    (508) 567-3468
    Request Owner's contact information
    23 Richter St Providence, RI 02908
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    Providence, RI 02908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23 Richter St Providence, RI 02908
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