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83 Terrace Avenue Providence, RI $ 649,000
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83 Terrace Avenue
$ 649,000
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83 Terrace Avenue

Providence, RI, 02909
$ 649,000
Bedrooms5 Baths3.0 Sq 2,964

Monthly Estimate*

$ 4,098

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Multi-Family Home for sale in Providence, RI

for $649,000 with 5 bedrooms and 3 full baths. This 2,964 square foot home was built in 1900 on a lot size of 0.068.

Silver Lake 3-Family Investor or Owner-Occupant Opportunity. Three units in one of Providence's steadiest rental pockets. The setup is a 1-bedroom first-floor unit plus two 2-bedroom apartments on the second and third floors, with an attached 2-car garage and off-street parking. Live in one and let the other two carry you, or drop it straight into your portfolio. Projected $72,000 in annual rental income once all units are rented at market rate. All tenants are currently month-to-month. Strong in-place and market rents, Section 8 friendly, and a location that stays rented. Whether you're house-hacking your first multi or adding to a growing portfolio, this is a turnkey three-unit in a neighborhood that holds its demand. Schedule your showing today.

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Multi-Family Active

Price

$ 649,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,014

Style

Lot Size

0.068

Year Built

1900

Town/City

Providence

County/Region

Providence

MLS | Web ID

1421951
Features
General
Sewer Connected Public Sewer
Heating Baseboard Gas
Cooling Wall Unit(s)
Utilities Sewer Connected
Possession Negotiable
Zoning R-3
Garage Spaces 2
Patio/Porch Features Patio Porch
Construction Materials Drywall Masonry Other Shingle Siding Vinyl Siding
Year Built 1900
Electric 100 Amp Service
Property Subtype Multi Family
Tax Year 2026
Community Features Highway Access Near Hospital Near Schools Public Transportation Restaurant Shopping Sidewalks
County Providence
Operating Expense 0
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name Silver Lake
Garage Y/N true
Total Rooms 13
Full Baths 3
Status Active
City Providence
Senior Community Y/N false
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 2964
Land Lease Y/N false
Tax Annual Amount 4014
Standard Status Active
Tax Assessed Value 0
Tax Lot 587
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Interior
Interior Amenities Tub Shower
Basement None
Flooring Hardwood Laminate Other
Total Fireplaces 0
Fireplace Features None
Total Stories 3
Basement (Y/N) false
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Total Bedrooms 5
Total Baths 3
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Exterior
Exterior Amenities Porch Patio
Parking Features Attached Garage
Water Source Connected Public
Total Parking 2
Inclusions Pro Forma Rental Income (Annual) Unit 1 -$1 800/mo $21 600/yr // Unit 2 - $2 100/mo $25 200/yr // Unit 3 - $2 100/mo $25 200/yr // Total: $5 700/mo $72 000/yr gross Buyer and buyer's agent are responsible for conducting their own due diligence and independently verifying all information. Neither seller nor listing agent/brokerage makes any representation or warranty as to the accuracy of any information provided. Some photos may be virtually staged and/or edited.
Lot Size Area 2964
Number of Buildings 1
Building Area Total 2964
Lot Size Acres 0.068
Covered Spaces 2
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* Excluded Features
List By
Smith And Oak Real Estate Co.

Broker

devon@smithoakre.com

Email

Affordability Calculator

$4,432
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,098
Monthly Property Taxes
$335
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
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Pricing History
DatePricePrice ChangeDescription
8/31/2026$649,000 Listed Price

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83 Terrace Avenue, Providence, RI, 02909 is a Multi-Family Home for sale at $649,000 with 2,964 sqft and a lot size of 0.068. 83 Terrace Avenue has 5 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 02909 which is in Providence, RI

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