$629,900 - 23 Richter, Providence, RI 02908
23 Richter
Providence,
RI
02908
Status:
Active
Property Type:
Single Family Residence
Year Built:
1930
Days on Website:
19
Courtesy of eXp Realty, Aleece Silva.
Description
Well-Maintained Three-Family Investment Property with Upside PotentialThis solidly performing multi-family property features 6 bedrooms and 3 full baths across three units, offering strong and stable income potential. Currently generating $4,500/month in rent, the units are priced below market, allowing immediate value-add opportunities through rent adjustments.Two units include in-unit washer and dryer, increasing tenant appeal and supporting strong retention. Tenancies are primarily month-to-month, with one lease in place through May 2026, providing both flexibility and stability for investors.Recent upgrades include: Roof and porch upgrades, new heating system for 3rd floorLocated within walking distance of the Providence VA Medical Center, and close to Aldi, local colleges and universities, major commuter routes, and TF Green Airport, this property is ideally situated in a high-demand rental area.Perfect for investors seeking stable cash flow.
Open House
Property Details and Features
Property Access
- Road Frontage Type: "Public"
Basement
- Basement: "Unfinished"
Bathrooms
- 3 full bathrooms
- 3 total bathrooms
- 3 total bathrooms
Bedrooms
- 6 bedrooms
Building
- Building Area Total: 3198
- Building Area Units: Square Feet
- Living Area: 3198
- Year Built Source: Public Records
- Year Built: 1930
Community
- Community Features: "Public Transportation", "Shopping", "Park", "Walk/Jog Trails", "Medical Facility", "Laundromat", "Bike Path", "Highway Access", "House of Worship", "Marina", "Private School", "Public School", "T-Station", "University"
Cooling
- Cooling: "None"
Fence
- Fencing: "Fenced/Enclosed"
Foundation
- Foundation Details: "Concrete Perimeter"
Heating
- Heating: "Natural Gas"
- Heating Included
Lot
- Lot Size Acres: 0
- Lot Size Area: 0
- Lot Size Square Feet: 0.07
- Lot Size Units: Acres
- Parcel Number: 588410
Parking
- Parking Features: "Off Street"
- Parking Total: 2
Property
- Property Sub Type: Single Family Residence
- View: "City View(s)", "Scenic View(s)"
- Zoning: R3
- Attached Property
Roof
- Roof: "Asphalt/Composition Shingles"
Sewer
- Sewer: "Public Sewer"
Taxes
- Tax Annual Amount: 7824.6
- Tax Year: 2025
Utilities
- Electric: "100 Amp Service"
- Water Source: "Public"