Six-Family Property on Charles
528 Charles, Providence, RI 02904
For Sale
$850,000
Six-unit multifamily property with strong cash flow and long-term tenants.
Property Size8,662 SF
Price / SF$98.13
Days on Market268
Property Features for 528 Charles
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Central Air Cooling
Circuit Breakers
Ductless Cooling
Individual Heating
Building Details
Year Built
Listing Agency:
SERHANT NEW ENGLAND
(401) 382-0600
Listed By:
STEPHANIE BASILE GROUP
(401) 465-3975
Source:
Corcoran
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SERHANT NEW ENGLAND
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Investment Insights
Based on property information with market context.
This six-family property is located in a C2 zoning district. The building features a total of 13 bedrooms across six units, almost all of them remodeled. The layout consists of five 2-bed apartments and one 3-bed apartment. Tenants are responsible for all utilities. The property is situated on Charles Street, directly behind Hopkins Junior High School near the intersection of Charles St and Branch Ave. The exterior features low-maintenance vinyl siding and replacement windows. There is currently no on-site laundry, but the addition of coin-operated or card-operated machines offers an opportunity to increase revenue. The property is available as a stand-alone purchase or as part of a package including the adjacent 4,000 SF vacant lot at 532 Charles St, also zoned C2. The vacant lot comes with plans for a 9-unit multifamily residential building with on-site parking. The property is intended for multifamily residential use.
Key Highlights
- Strong, stable cash flow with long‑term tenants and a 7%+ cap rate.
- Desirable C2 zoning and highly visible location near Hopkins Junior High School.
- Low operating expenses due to tenants paying all utilities.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
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Business Placement
Demographics for 02904, RI
31,542
Population
14,483
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
6,066
Density / Sq Mi
$64,637
Median Household Income
$47,040
Median Earnings
$1,217
Median Rent
$302,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Providence, RI
Properties on Market for Apartment buildings in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily property with strong cash flow and long-term tenants.
Where is this apartment building located?
The property is located at 528 Charles Providence, RI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Strong, stable cash flow with long‑term tenants and a 7%+ cap rate.; Desirable C2 zoning and highly visible location near Hopkins Junior High School.; Low operating expenses due to tenants paying all utilities.
