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$ 999,000
Est. payment /mo
Active
513 Charles ST Providence, RI 02904
3,550 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $281
MLS Listing ID 1413142
HOA Y/N No
Abv Grd Liv Area 3,550
Year Built 1900
Annual Tax Amount $18,164
Tax Year 2025
Lot Size 4,792 Sqft
Property Sub-Type Commercial
Property Description
A RARE PROVIDENCE VALUE-ADD WITH BONUS BUILDABLE LOT. Well-kept 6-unit (legal 5) property in Providence's Charles neighborhood offering strong current income with substantial upside still on the table. Below-market month-to-month rents create immediate opportunity for increased rents, while basic interior renovations offer additional value-add potential. Major capital improvements have already been handled, including a 2-year-old roof, majority newer windows, multiple newer water heaters, foundation repairs, and vinyl siding. The property also offers ample rear parking on a separate, buildable lot, creating rare future development potential beyond the existing asset. Strong infrastructure, flexible tenancy, and multiple paths to increased returns make 513 Charles Street a compelling investment from day one.
Location
State RI
County Providence
Interior
Heating Baseboard, Forced Air, Space Heater
Exterior
Community Features Highway Access, Near Hospital, Near Schools, Public Transportation, Restaurant, Shopping
Utilities Available Natural Gas Connected, Sewer Connected
Total Parking Spaces 12
Building
Story 3
Foundation Brick/Mortar
Sewer Connected, Public Sewer
Water Public
Level or Stories 3
New Construction No
Others
Tax ID 513CHARLESSTPROV
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