Providence Multifamily Investment
513 Charles Street, Providence, RI 02904
New
COMMERCIAL - Providence, RI
Property size:
3,550 SFLot size:
0.11 AcresPrice / SF:
$281/SF- Added:
- May 20, 2026
- Days on Market:
- 1
- Last Refresh:
- May 20 at 6:06 pm
Property Features for 513 Charles Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 12
- Standard status
- Active
- Size
- 3,550 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 18164
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air, Space Heater
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 6
Listing agent Spectrum Real Estate Consultants Team (401) 333-4900
Listing office Keller Williams Leading Edge 28 Thurber Boulevard, Lincoln, RI (401) 333-4900
Listing date May 20, 2026
MLS# 1413142
Copyright © 2026 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.
HighLights
- Buildable lot included, offering future development potential.
- Immediate opportunity to increase income through raising below‑market rents.
- Major capital improvements already completed with a 2‑year‑old roof, newer windows, water heaters, foundation repairs, and vinyl siding.
- Legal 5‑unit property operating as a 6‑unit, providing additional income.
- Value‑add potential through basic interior renovations.
- Ample rear parking available.
Overview
This well-kept 6-unit property (legally 5 units) is located in the Charles neighborhood of Providence. It offers strong current income with substantial upside potential. The property features below-market month-to-month rents, creating an immediate opportunity for increased rental income. Basic interior renovations could further enhance its value. Major capital improvements have already been completed, including a 2-year-old roof, mostly newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property includes ample rear parking on a separate, buildable lot, offering future development potential beyond the existing structure. With its strong infrastructure, flexible tenancy, and multiple paths to increased returns, this property presents a compelling investment opportunity. The property size is 3550 square feet, situated on a 0.11-acre lot.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Providence
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.419405
- Latitude
- 41.8488
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property with development potential in Providence's Charles neighborhood.
Where is this apartment building located?
The property is located at 513 Charles Street Providence, RI.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Buildable lot included, offering future development potential.; Immediate opportunity to increase income through raising below‑market rents.; Major capital improvements already completed with a 2‑year‑old roof, newer windows, water heaters, foundation repairs, and vinyl siding.
